As of the July, 2022, release via CMS

PROVIDENCE HOLY CROSS MED. CENTER

CMS id: 050278
15031 RINALDI STREET, MISSION HILLS CA 91345. County: LOS ANGELES
System: PROVIDENCE HEALTH AND SERVICES
CBSA: Los Angeles-Long Beach-Anaheim, CA

The 377-bed, acute-care hospital had $-59,126,335 in net service to patients*, with a total profit margin of -8.38031% in fiscal year 2021, the latest year available.
It spent 2.06% 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 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	280 118	280 118	280 119.5	280 118	280 119
Total beds Median	377 162	377 162	377 162	377 162	377 163.5
FTEs Median	1,762.00 788.06	1,748.74 793.42	1,713.56 806.03	1,732.08 787.61	1,683.05 804.34

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	461,525,068 150,932,746	514,700,509 158,950,878	527,585,891 168,696,998	548,138,953 163,454,693	557,556,321 186,589,412
Operating expenses Median	473,624,542 149,311,209	499,576,380 156,110,414	529,059,292 164,890,568	592,356,154 166,516,854	616,682,656 180,120,888
Net income from service 2 patients (NS2P) ? Median	-12,099,474 -964,173	15,124,129 -643,601.5	-1,473,401 -116,254	-44,217,201 -5,025,862	-59,126,335 -1,284,564
NS2P margin ? Median	-2.62% -0.62	2.94% -0.29	-0.28% 0.18	-8.07% -5.07	-10.60% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PROVIDENCE HOLY CROSS MED. CENTER 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	12,963,767 5,089,215	13,168,791 4,572,541	12,614,760 5,268,134	74,705,115 13,092,619	11,442,481 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	6,546,638 224,999	7,469,998 199,009	7,218,252 206,870.5	6,219,292 194,343	5,701,476 249,496
⊳ Line 7: Investments ? ⊳ Median	1,720,384 299,524	1,732,299 188,688.5	1,048,069 370,813	861,865 309,361.5	1,398,420 375,329
⊳ 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	0	0	0	0	0
⊳ 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.)	34,214	18,219	17,845	4,699	357,487
⊳ 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	179,255	306,054	426,859	381,068	361,124
⊳ 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	4,483,276	3,642,221	3,903,735	67,238,191	3,623,974
Total income ? Median	864,293 6,586,430	28,292,920 6,767,106	11,141,359 8,419,950	30,487,914 8,094,175	-47,683,854 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	864,293 6,043,842	28,292,920 5,845,112	11,141,359 7,606,259	30,487,914 7,283,041	-47,683,854 14,957,241
Net margin Median	0.18215% 4.62%	5.35983% 4.42%	2.06245% 5.16%	4.89495% 5.2%	-8.38031% 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 PROVIDENCE HOLY CROSS MED. CENTER 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	57,395,788 23,241,334	56,256,537 23,709,545	59,528,892 24,248,380	57,916,998 22,858,541	59,559,693 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	55,269,467 21,577,146	54,816,267 22,041,594	57,916,301 22,722,063	55,527,477 21,570,441	57,406,792 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	0 1,845,420	0 1,757,392	0 1,738,842	0 1,510,463	0 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	1,636,985 3,535,627	1,147,285 3,746,588	1,146,257 3,782,288	1,825,612 3,865,578	1,656,372 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	489,336 1,203,033	292,985 1,215,295	466,334 1,313,657	563,909 1,365,298	496,529 1,179,746
All outpatient revenue Median Click here to show/hide details	11,441,306 11,160,864	11,256,024 11,987,345	11,637,796 12,926,866	8,741,212 11,884,480	11,131,501 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	11,441,306 10,918,923	11,256,024 11,706,976	11,637,796 12,615,917	8,741,212 11,458,116	11,131,501 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	0 3,284,314	0 3,250,551	0 3,386,837	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	3,890,785 594,888	3,599,636 595,761	3,544,239 577,894	3,435,773 542,168	3,696,500 549,667
Outlier Median	2,190,317 582,572	2,152,309 538,116	146,753 212,434	134,255 126,559	162,846 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	11,202,768 2,654,636	10,813,385 2,940,659	11,004,146 3,380,215	8,650,550 3,488,738	9,266,583 3,233,405
Uncompensated care (UCC) Median	12,591,682 5,147,790	12,770,819 5,337,617	13,138,529 5,711,082	12,973,501 5,923,418	12,675,161 5,508,107
UCC as a % of operating expenses Median	2.66% 3.24	2.56% 3.12	2.48% 3.21	2.19% 3.3	2.06% 2.86
Total shortfall/UCC Median	12,591,682 9,489,989	12,770,819 9,424,297	13,138,529 10,120,158	12,973,501 11,171,337	12,675,161 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	160,418,493 52,142,039	158,069,842 54,485,252	165,864,900 57,395,589	172,658,145 58,830,919	175,372,662 61,722,907
Salaries as a % of operating expenses Median	48.36 36.68	46.85 36.56	46.09 36.37	43.71 35.93	44.26 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	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	7,308,977 1,449,244	4,147,965 1,475,986	6,267,481 1,563,078	10,750,614 1,721,954	12,299,294 2,991,828
Contract hours, direct-care Median	79,419.00 22,725	39,692.00 23,018.5	63,145.00 24,503.48	98,391.00 25,026.5	90,121.00 33,786
Contract wages, direct-care Median	92.03 64.67	104.50 64.53	99.26 65.06	109.26 68.97	136.48 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.