Hospital Finance - Revenue

Consumers should be aware that a hospital’s “charges”, i.e., the amount it bills each patient or the patient’s insurer for hospital services, rarely reflect the amounts the hospital accepts in payment.

In the case of patients covered by Medicare or Medicaid fee-for-service, the Federal Medicare and State Medicaid programs set the rates they will pay. In the case of patients covered by private insurance or self-insured employer health benefits plans, hospitals frequently have a contract with the insurer or employer plan administrator for discounts of the charge rates.

The difference between charges and the payments hospitals accept can be very large. Hospitals report to the Department both their total charges and the revenues they actually collect. The following table shows the ratio of the revenue collected to the total charges.

Hospital#

Hospital Name

2004 Gross Charges**
$(000)
2004 Net Patient Service Revenue*** $(000)
Ratio of Revenue to Total Charges %
642
Atlanticare Regional Medical Center - City
594,690
156,744
26.4%
641
Atlanticare Regional Medical Center - Mainland
836,753
232,101
27.7%
26
Barnert Hospital
464,765
86,073
18.5%
25
Bayonne Medical Center
1,018,469
120,692
11.9%
112
Bayshore Community Hospital
553,678
97,107
17.5%
58
Bergen Regional Medical Center
235,375
185,338
78.7%
11
Burdette Tomlin Memorial Hospital
248,520
94,333
38.0%
92
Capital Health System at Fuld
751,779
179,049
23.8%
44
Capital Health System at Mercer
863,044
168,276
19.5%
111
CentraState Medical Center
558,171
158,976
28.5%
17
Chilton Memorial Hospital
381,676
127,930
33.5%
16
Christ Hospital
1,230,326
165,709
13.5%
9
Clara Maass Medical Center
721,545
188,820
26.2%
93
Columbus Hospital
579,320
87,322
15.1%
41
Community Medical Center
1,621,743
266,574
16.4%
14
Cooper Hospital/University Medical Center
1,747,755
423,968
24.3%
31
Deborah Heart and Lung Center
707,917
140,229
19.8%
83
East Orange General Hospital
444,195
95,650
21.5%
45
Englewood Hospital and Medical Center
720,075
229,242
31.8%
105
Greenville Hospital
132,401
33,529
25.3%
1
Hackensack University Medical Center
3,404,872
884,301
26.0%
115
Hackettstown Regional Medical Center
213,920
65,224
30.5%
8
Holy Name Hospital
693,878
172,043
24.8%
5
Hunterdon Medical Center
329,453
151,210
45.9%
13
Irvington General Hospital
292,066
53,741
18.4%
74
Jersey City Medical Center
969,067
217,827
22.5%
73
Jersey Shore University Medical Center
1,410,386
361,941
25.7%
108
JFK Medical Center/Anthony M. Yelensics
940,775
222,847
23.7%
861
Kennedy Hosp/Univ. Med. Ctr. - Washington Twp
354,132
115,044
32.5%
862
Kennedy Hospitals/Univ. Med. Ctr. - Cherry Hill
241,717
83,216
34.4%
863
Kennedy Hospitals/Univ. Med. Ctr. - Stratford
295,862
97,635
33.0%
84
Kimball Medical Center
668,972
121,000
18.1%
61
Lourdes Medical Center of Burlington County
483,239
93,935
19.4%
118
Meadowlands Hospital Medical Center
574,630
76,039
13.2%
91
Memorial Hospital of Salem County
218,059
67,985
31.2%
75
Monmouth Medical Center
854,706
221,541
25.9%
15
Morristown Memorial Hospital
1,425,539
498,434
35.0%
54
Mountainside Hospital
457,210
145,914
31.9%
63
Muhlenberg Regional Medical Center
432,023
125,484
29.0%
2
Newark Beth Israel Medical Center
1,249,038
373,016
29.9%
28
Newton Memorial Hospital
379,107
103,810
27.4%
52
Ocean Medical Center
686,641
150,069
21.9%
29
Our Lady of Lourdes Medical Center
1,486,770
255,495
17.2%
51
Overlook Hospital
747,832
256,092
34.2%
3
Palisades Medical Center
397,523
96,531
24.3%
37
Pascack Valley Hospital
591,475
132,683
22.4%
20
PBI Regional Medical Center
525,256
130,925
24.9%
392
Raritan Bay Medical Center - Old Bridge
457,396
74,153
16.2%
391
Raritan Bay Medical Center - Perth Amboy
906,908
160,936
17.7%
34
Riverview Medical Center
667,624
148,627
22.3%
38
Robert Wood Johnson University Hospital
2,134,604
539,186
25.3%
110
RWJ University Hospital at Hamilton
954,388
170,342
17.8%
24
RWJ University Hospital at Rahway
577,471
98,050
17.0%
76
Saint Barnabas Medical Center
1,587,279
427,589
26.9%
50
Saint Clare's Hospital - Denville
871,321
225,840
25.9%
502
Saint Clare's Hospital - Dover
21,769
7,294
33.5%
120
Saint Clare's Hospital - Sussex
64,379
17,283
26.8%
18
Saint James Hospital
249,134
61,278
24.6%
40
Saint Mary Hospital (Hoboken)
666,060
120,708
18.1%
96
Saint Michael's Medical Center
1,051,380
214,662
20.4%
70
Saint Peter's University Hospital
1,090,699
319,252
29.3%
47
Shore Memorial Hospital
535,733
158,585
29.6%
48
Somerset Medical Center
751,343
180,554
24.0%
69
South Jersey Healthcare - Elmer
209,450
44,728
21.4%
324
South Jersey Healthcare Regional MC
894,446
224,648
25.1%
113
Southern Ocean County Hospital
306,801
97,446
31.8%
21
St. Francis Medical Center
507,573
104,984
20.7%
19
St. Joseph's Regional Medical Center
1,884,655
393,311
20.9%
116
St. Joseph's Wayne Hospital
292,665
67,092
22.9%
6
St. Mary's Hospital (Passaic)
206,259
68,207
33.1%
27
Trinitas Hospital
1,150,016
236,238
20.5%
81
Underwood Memorial Hospital
532,211
148,860
28.0%
90
Union Hospital
289,250
78,947
27.3%
119
University Hospital - UMDNJ
1,439,236
615,185
42.7%
10
University Medical Center at Princeton
507,951
159,019
31.3%
12
Valley Hospital
996,482
371,843
37.3%
57
Virtua - Memorial Hospital of Burlington County
874,959
208,890
23.9%
222
Virtua - West Jersey Health System - Berlin
188,498
49,956
26.5%
221
Virtua - West Jersey Health System - Voorhees
841,154
230,075
27.4%
224
Virtua - West Jersey Health Systems - Marlton
529,446
105,106
19.9%
60
Warren Hospital
795,024
115,695
14.6%
88
William B. Kessler Memorial Hospital
113,934
39,321
34.5%
   
 
 
 
  Total Hospitals (82)
59,883,843
14,795,534
24.7%
 
Keys:
* These data are from the CY2004 New Jersey acute care hospital cost report form L-3.
** Total gross charges are for patient services before deductions.
*** Net patient service revenues are gross charges less deductions for third party payer allowances, charity care and others.

 


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Last Modified: Friday, 13-Jul-12 10:38:55