As of the July, 2022, release via CMS

WAUKESHA MEMORIAL HOSPITAL

CMS id: 520008
725 AMERICAN AVENUE, WAUKESHA WI 53188. County: WAUKESHA
System: PROHEALTH CARE INC
CBSA: Milwaukee-Waukesha, WI

The 262-bed, acute-care hospital had $58,417,441 in net service to patients*, with a total profit margin of 16.97588% in fiscal year 2021, the latest year available.
It spent 0.89% of its operating expenses on uncompensated care and reported $18,950,548 in Medicaid shortfall.

* For more about Net Service to Patients and operating revenue, please the finance section below.

Note: Medians are from acute-care hospitals with "complete" fiscal years. For more about how we calculated medians and cost reports in general, please click here.

Details

	2017	2018	2019	2020	2021
# of days in fyear	365	365	365	366	365
Ownership	nfp	nfp	nfp	nfp	nfp
Acute beds Median	197 118	197 118	197 119.5	197 118	197 119
Total beds Median	262 162	262 162	262 162	262 162	262 163.5
FTEs Median	1,738.00 788.06	1,648.37 793.42	1,642.73 806.03	1,659.33 787.61	1,622.19 804.34

Finances As they appear in worksheet G3 of the cost reports.

Note: Net Patient Revenue is considered operating revenue, which means Net Service to Patients is considered operating profit. Click here for more about cost report financials

Hospital cost reports are an enormously complicated dataset. There are whole organizations and an offical CMS vendor dedicated to helping researchers work with the data.
It's important to understand that hospital financials in cost reports are not organized in the same as other sources such as annual financial reports to bond holders.

The biggest difference is the concept of operating revenue and profit. Net Service to patients (NS2P), which is the sum of net patient revenue minus operating expenses, is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

That would make Net Patient Revenue = operating revenue.

All this makes things challenging when comparing what's reported in cost reports to other sources. It becomes clearer when you consider that, beyond the purpose of reimbursement, cost reports are a tool for policymakers trying to understand the financial situation of a hospital doing the tasks specific to hospitals.

In other words, while a facility with a division that formulates drugs might include earnings from that as operating revenue in their corporate annual result, this is not central to the operations of a hospital caring for patients and so it is counted as "other income." (See below the financials section for more on "other income")

The healthcare consulting firm HMP, in a former partnership with Modern Healthcare, did develop a formula for estimating operating revenue closer to what one might find in other sources. We no longer use this for the following reasons:

The measure was not widely used beyond HMP and Modern Healthcare. Many hospitals had their own internal estimates of operating revenue and profit.
Because of this, there was confusion when reporting operating results for individual hospitals. There was often pushback when a facility's internal numbers did not match what Modern Healthcare was reporting.
The formula includes revenue from portions of the "other income" section, which may also include non-operating revenue. HMP themselves point out in a caveat on their site that they cannot exclude all non-operating revenue from their measure.

HMP's operating measure has proven problematic in the past for our reporting and the partnership with them ended years ago. It's best to not use a measure that we alone cannot defend.

	2017	2018	2019	2020	2021
Net patient revenue ? Median	470,158,204 150,932,746	492,308,817 158,950,878	515,888,900 168,696,998	498,212,350 163,454,693	529,834,131 186,589,412
Operating expenses Median	433,964,212 149,311,209	454,003,883 156,110,414	463,240,895 164,890,568	476,039,119 166,516,854	471,416,690 180,120,888
Net income from service 2 patients (NS2P) ? Median	36,193,992 -964,173	38,304,934 -643,601.5	52,648,005 -116,254	22,173,231 -5,025,862	58,417,441 -1,284,564
NS2P margin ? Median	7.70% -0.62	7.78% -0.29	10.21% 0.18	4.45% -5.07	11.03% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for WAUKESHA MEMORIAL HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
Note: NS2P is considered operating margin by MACPAC. The chart below is interactive: click or touch to see more.

* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of acute-care hospitals available to calculate medians:

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	23,016,313 5,089,215	25,093,888 4,572,541	11,515,871 5,268,134	-16,267,145 13,092,619	37,972,793 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	772,127 224,999	434,905 199,009	418,789 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	10,435,773 299,524	5,125,968 188,688.5	5,389,137 370,813	5,110,686 309,361.5	5,454,924 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	0	0
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	0	0	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,916,115	2,017,781	2,091,642	1,582,979	1,241,249
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	0	0	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	2,252,939	2,298,248	3,342,132	3,335,188	3,508,803
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	7,639,359	15,216,986	274,171	-26,295,998	27,767,817
Total income ? Median	59,210,305 6,586,430	63,398,822 6,767,106	64,163,876 8,419,950	5,906,086 8,094,175	96,390,234 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	59,210,305 6,043,842	63,398,822 5,845,112	64,163,876 7,606,259	5,906,086 7,283,041	96,390,234 14,957,241
Net margin Median	12.00595% 4.62%	12.25328% 4.42%	12.16596% 5.16%	1.22547% 5.2%	16.97588% 9.25%

* About "Other income": Other income, or line 25 in worksheet G3, is the sum of lines 6 through 24. It includes three lines that are considered non-operating revenue - contributions, investments and government appropriations. Medians are included for these three lines. It also contains items that are not central to providing healthcare, such as revenue from parking or gift shops.
"Sum Line 24" is a special case. Called "Other (specify)" in the cost reports, CMS allows for this line to be "subscripted," or divided into sublines like 002400, 002401, 002402. And hospitals do that, up to 100 lines, to detail income (and sometimes negative returns) that are otherwise not covered in the previous "other" lines. Therefore, "Sum Line 24" is the sum of all the lines 24.

Range* of total profit (loss) margins

= Total margin for WAUKESHA MEMORIAL HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	47,618,109 23,241,334	47,519,114 23,709,545	44,879,495 24,248,380	42,099,831 22,858,541	44,102,284 23,620,613
"All inpatient revenue" is made up of any Medicare payments for routine inpatient, swingbed SNFs, TEFRA, IPF, IRF, inpatient long-term care, CAH and inpatient SNF facilities. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine inpatient revenue ⊳ Median	47,066,231 21,577,146	46,877,112 22,041,594	44,184,622 22,722,063	41,573,026 21,570,441	43,674,624 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Inpatient psychiatric facility (IPF) ⊳ Median	551,878 1,845,420	642,002 1,757,392	694,873 1,738,842	526,805 1,510,463	427,660 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	0 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 1,203,033	0 1,215,295	0 1,313,657	0 1,365,298	0 1,179,746
All outpatient revenue Median Click here to show/hide details	37,104,029 11,160,864	40,409,890 11,987,345	41,873,951 12,926,866	39,003,942 11,884,480	40,444,325 13,145,163
"All outpatient revenue" is made up of any payments for routine outpatient, HHA, CMHC, rural health and other federally-qualified health clinics. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine outpatient revenue ⊳ Median	37,104,029 10,918,923	40,409,890 11,706,976	41,873,951 12,615,917	39,003,942 11,458,116	40,444,325 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	0 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	0 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	2,156,393 3,284,314	2,224,798 3,250,551	2,185,139 3,386,837	2,104,436 3,360,806	2,167,515 3,508,953
Disproportionate-share hospital (DSH) Median	234,960 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	4,364,614 582,572	4,694,627 538,116	1,494,738 212,434	1,261,142 126,559	1,151,430 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	21,212,682 3,662,910	0 3,730,911	22,958,008 4,081,319	21,221,973 4,643,908	18,950,548 4,389,147
Charity care Median	1,734,730 2,654,636	1,705,152 2,940,659	1,790,967 3,380,215	1,431,718 3,488,738	1,051,692 3,233,405
Uncompensated care (UCC) Median	4,661,439 5,147,790	4,784,515 5,337,617	5,329,896 5,711,082	4,889,202 5,923,418	4,177,828 5,508,107
UCC as a % of operating expenses Median	1.07% 3.24	1.05% 3.12	1.15% 3.21	1.03% 3.3	0.89% 2.86
Total shortfall/UCC Median	25,874,121 9,489,989	4,784,515 9,424,297	28,287,904 10,120,158	26,111,175 11,171,337	23,128,376 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	107,662,216 52,142,039	112,329,168 54,485,252	115,316,703 57,395,589	117,758,723 58,830,919	119,292,620 61,722,907
Salaries as a % of operating expenses Median	24.81 36.68	24.74 36.56	24.89 36.37	24.74 35.93	25.31 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 2,937,156	0 2,909,848
Contract intern, resident salaries* Median	839,205 1,251,927	777,216 1,186,494	1,102,445 1,204,885	1,129,100 1,279,653	1,344,653 1,469,317
Contract adjusted salaries, direct-care Median	3,148,354 1,449,244	5,945,680 1,475,986	6,817,837 1,563,078	4,572,665 1,721,954	9,491,327 2,991,828
Contract hours, direct-care Median	46,444.86 22,725	110,001.45 23,018.5	114,897.67 24,503.48	81,876.07 25,026.5	130,334.04 33,786
Contract wages, direct-care Median	67.79 64.67	54.05 64.53	59.34 65.06	55.85 68.97	72.82 88.94

* in an approved program

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Cost reports are self-reported by the facility, are subject to revision and should be considered preliminary.

* Net Service to patients (NS2P) equals net patient revenue minus operating expenses. NS2P is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

About medians

Medians are calculated from reports with "complete" fiscal years, or reports with fiscal years of at least 300 days and no more than 420 days.

In cases where there are fewer than 50 values reported, medians are not calculated. For childrens' hospitals, it's when fewer than 20 are reported.

Web app by Tim Broderick | email.