As of the July, 2022, release via CMS
CHILDRENS HOSPITAL OF THE KINGS DA
- CMS id: 493301
- 601 CHILDRENS LANE, NORFOLK VA 23507. County: NORFOLK
- System: CHILDRENS HEALTH SYSTEM
- CBSA: Virginia Beach-Norfolk-Newport News, VA-NC
The 186-bed, childrens hospital had $-66,849,088 in net service to patients*, with a total profit margin of 11.62255% in fiscal year 2021, the latest year available.
It spent 0.00% of its operating expenses on uncompensated care and reported $0 in Medicaid shortfall.
* For more about Net Service to Patients and operating revenue, please the finance section below.
Note: Medians are from childrens 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 |
63 128 |
52 138 |
50 132 |
45 132 |
52 139.5 |
| Total beds Median |
206 240 |
198 250 |
185 253 |
180 249 |
186 268 |
| FTEs Median |
2,348.49 2,348.49 |
2,385.04 2,474.39 |
2,439.40 2,467.2 |
2,481.00 2,280 |
2,547.75 2,550.69 |
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
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Net patient revenue ? Median |
362,164,787 525,064,989 |
396,846,857 548,140,349 |
440,385,914 553,978,614 |
424,197,787 521,749,556 |
380,952,821 559,523,956 |
| Operating expenses Median |
354,323,234 380,030,370 |
364,992,206 429,061,291 |
394,506,804 434,503,640 |
430,707,869 430,707,869 |
447,801,909 498,567,350 |
| Net income from service 2 patients (NS2P) ? Median |
7,841,553 -1,841,638 |
31,854,651 -522,484 |
45,879,110 94,166 |
-6,510,082 -11,959,831 |
-66,849,088 -16,074,830 |
| NS2P margin ? Median |
2.17% -2.86 |
8.03% -0.41 |
10.42% 0.04 |
-1.53% -3.45 |
-17.55% -5.04 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for CHILDRENS HOSPITAL OF THE KINGS DA compared to all** childrens 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 childrens hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 63 | 63 | 63 | 65 | 51 |
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Other income* Median Click here to show/hide details |
42,717,212 47,186,201 |
49,550,891 49,550,891 |
44,933,568 43,369,484 |
75,741,396 74,563,993 |
128,305,831 88,066,310 |
| Total income ? Median |
50,558,765 61,461,455 |
81,405,542 56,564,697 |
90,812,678 58,012,242 |
69,231,314 50,617,244 |
61,456,743 62,924,624 |
| Non-operating expenses Median |
13,256,177 2,760,568 |
12,062,351 2,724,150 |
11,565,600 829,348 |
21,355,743 4,089,642 |
2,267,896 503,757 |
| Net income Median |
37,302,588 45,197,733 |
69,343,191 39,952,380 |
79,247,078 58,012,242 |
47,875,571 40,996,852 |
59,188,847 74,165,836 |
| Net margin Median |
9.21320% 9.76% |
15.53395% 8.11% |
16.32885% 10.11% |
9.57628% 6.66% |
11.62255% 11.48% |
* 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 CHILDRENS HOSPITAL OF THE KINGS DA compared to all** childrens hospitals, from CMS cost reports.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 childrens hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 63 | 63 | 63 | 65 | 51 |
Medicare revenue
Inpatient and outpatient revenue
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| All inpatient revenue Median Click here to show/hide details |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| All outpatient revenue Median Click here to show/hide details |
499,096 277,359 |
883,398 515,761.5 |
1,877,846 419,825 |
2,683,487 384,974 |
1,819,640 540,291 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
13,775 23,594 |
9,547 27,114 |
13,959 29,521 |
11,430 20,769 |
14,579 18,619.5 |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
9,345 24,094 |
4,406 26,215 |
9,988 19,933 |
23,641 22,747 |
11,826 17,351 |
Uncompensated care
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Medicaid shortfall Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Charity care Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Uncompensated care (UCC) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| UCC as a % of operating expenses Median |
0.00% 0 |
0.00% 0 |
0.00% 0 |
0.00% 0 |
0.00% 0 |
| Total shortfall/UCC Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
Labor costs
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Total salaries Median |
144,462,447 158,917,507 |
146,358,017 172,292,593 |
160,876,006 181,542,159 |
173,490,043 180,024,857 |
178,230,839 198,946,032 |
| Salaries as a % of operating expenses Median |
40.77 42.46 |
40.10 41.44 |
40.78 41.89 |
40.28 41.02 |
39.80 39.81 |
| Intern, resident salaries* Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract intern, resident salaries* Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract adjusted salaries, direct-care Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract hours, direct-care Median |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
| Contract wages, direct-care Median |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
* in an approved program
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.