As of the July, 2022, release via CMS

MEMORIALCARE LONG BEACH MED CTR

CMS id: 050485
2801 ATLANTIC AVENUE, LONG BEACH CA 90806. County: LOS ANGELES
System: MEMORIAL HEALTH SERVICES
CBSA: Los Angeles-Long Beach-Anaheim, CA

The 453-bed, acute-care hospital had $9,630,573 in net service to patients*, with a total profit margin of 9.72720% in fiscal year 2021, the latest year available.
It spent 1.41% of its operating expenses on uncompensated care and reported $107,430 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	309 118	309 118	309 119.5	309 118	309 119
Total beds Median	453 162	453 162	453 162	453 162	453 163.5
FTEs Median	2,456.44 788.06	2,457.56 793.42	2,494.61 806.03	2,453.82 787.61	2,513.40 804.34

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	596,319,486 150,932,746	633,632,876 158,950,878	686,809,396 168,696,998	724,972,979 163,454,693	720,353,533 186,589,412
Operating expenses Median	580,068,102 149,311,209	622,400,062 156,110,414	662,279,066 164,890,568	710,899,693 166,516,854	710,722,960 180,120,888
Net income from service 2 patients (NS2P) ? Median	16,251,384 -964,173	11,232,814 -643,601.5	24,530,330 -116,254	14,073,286 -5,025,862	9,630,573 -1,284,564
NS2P margin ? Median	2.73% -0.62	1.77% -0.29	3.57% 0.18	1.94% -5.07	1.34% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MEMORIALCARE LONG BEACH MED CTR 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	41,232,971 5,089,215	52,528,320 4,572,541	36,487,670 5,268,134	33,483,243 13,092,619	66,952,200 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	1,336,649 299,524	1,043,609 188,688.5	768,074 370,813	986,880 309,361.5	935,438 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	25	300	12	63	10
⊳ Line 11: Rebates and refunds of expenses	1,512,379	2,985,863	1,735,630	2,142,870	1,913,551
⊳ Line 12: Parking lot receipts	1,022,237	1,185,118	1,185,295	827,002	460,768
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,224,060	1,062,544	966,707	902,760	857,880
⊳ 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	34,436	39,664	37,548	35,532	16,897
⊳ Line 22: Rental of hospital space	547,510	542,721	590,610	622,665	595,753
⊳ 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	35,555,675	45,668,501	31,203,794	27,965,471	62,171,903
Total income ? Median	57,484,355 6,586,430	63,761,134 6,767,106	61,018,000 8,419,950	47,556,529 8,094,175	76,582,773 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	57,484,355 6,043,842	63,761,134 5,845,112	61,018,000 7,606,259	47,556,529 7,283,041	76,582,773 14,957,241
Net margin Median	9.01641% 4.62%	9.29244% 4.42%	8.43609% 5.16%	6.27017% 5.2%	9.72720% 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 MEMORIALCARE LONG BEACH MED CTR 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	97,007,964 23,241,334	98,492,437 23,709,545	98,860,822 24,248,380	91,930,115 22,858,541	91,826,366 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	91,259,032 21,577,146	92,283,318 22,041,594	92,670,353 22,722,063	85,014,593 21,570,441	84,231,517 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	5,748,932 3,535,627	6,209,119 3,746,588	6,190,469 3,782,288	6,915,522 3,865,578	7,594,849 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	25,605,398 11,160,864	26,353,389 11,987,345	30,749,479 12,926,866	30,061,426 11,884,480	30,539,408 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	25,605,398 10,918,923	26,353,389 11,706,976	30,749,479 12,615,917	30,061,426 11,458,116	30,539,408 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	8,358,366 3,284,314	8,504,943 3,250,551	8,386,265 3,386,837	7,705,720 3,360,806	7,268,244 3,508,953
Disproportionate-share hospital (DSH) Median	4,936,108 594,888	4,751,818 595,761	4,389,324 577,894	4,264,325 542,168	4,322,315 549,667
Outlier Median	4,692,034 582,572	4,494,723 538,116	4,124,011 212,434	313,139 126,559	553,659 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	28,163,389 3,662,910	15,144,053 3,730,911	3,983,700 4,081,319	287,052 4,643,908	107,430 4,389,147
Charity care Median	4,911,799 2,654,636	4,746,968 2,940,659	8,267,008 3,380,215	9,328,495 3,488,738	8,411,762 3,233,405
Uncompensated care (UCC) Median	9,219,575 5,147,790	7,129,353 5,337,617	10,866,739 5,711,082	11,181,290 5,923,418	10,045,421 5,508,107
UCC as a % of operating expenses Median	1.59% 3.24	1.15% 3.12	1.64% 3.21	1.57% 3.3	1.41% 2.86
Total shortfall/UCC Median	37,382,964 9,489,989	22,273,406 9,424,297	14,850,439 10,120,158	11,468,342 11,171,337	10,152,851 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	219,330,056 52,142,039	219,264,297 54,485,252	229,751,749 57,395,589	235,889,903 58,830,919	244,390,557 61,722,907
Salaries as a % of operating expenses Median	37.81 36.68	35.23 36.56	34.69 36.37	33.18 35.93	34.39 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	4,813,652 1,251,927	4,813,291 1,186,494	4,645,918 1,204,885	4,500,335 1,279,653	3,875,112 1,469,317
Contract adjusted salaries, direct-care Median	9,514,607 1,449,244	7,380,027 1,475,986	8,897,400 1,563,078	12,535,054 1,721,954	24,135,222 2,991,828
Contract hours, direct-care Median	180,691.86 22,725	163,259.56 23,018.5	173,918.21 24,503.48	191,755.65 25,026.5	236,524.65 33,786
Contract wages, direct-care Median	52.66 64.67	45.20 64.53	51.16 65.06	65.37 68.97	102.04 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.