As of the July, 2022, release via CMS

MONTEREY PARK HOSPITAL

CMS id: 050736
900 S. ATLANTIC BLVD, MONTEREY PARK CA 91754. County: LOS ANGELES
System: AHMC HEALTHCARE INC
CBSA: Los Angeles-Long Beach-Anaheim, CA

The 101-bed, acute-care hospital had $6,931,623 in net service to patients*, with a total profit margin of 11.85417% in fiscal year 2021, the latest year available.
It spent 2.24% 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	97 118	97 118	97 119.5	97 118	97 119
Total beds Median	101 162	101 162	101 162	101 162	101 163.5
FTEs Median	280.43 788.06	317.39 793.42	360.07 806.03	360.07 787.61	360.07 804.34

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	74,270,181 150,932,746	87,616,678 158,950,878	98,482,646 168,696,998	80,206,435 163,454,693	93,542,731 186,589,412
Operating expenses Median	89,136,763 149,311,209	97,464,707 156,110,414	87,795,087 164,890,568	86,032,482 166,516,854	86,611,108 180,120,888
Net income from service 2 patients (NS2P) ? Median	-14,866,582 -964,173	-9,848,029 -643,601.5	10,687,559 -116,254	-5,826,047 -5,025,862	6,931,623 -1,284,564
NS2P margin ? Median	-20.02% -0.62	-11.24% -0.29	10.85% 0.18	-7.26% -5.07	7.41% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MONTEREY PARK 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	32,056,298 5,089,215	29,661,480 4,572,541	1,014,098 5,268,134	19,005,790 13,092,619	4,716,154 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	186,501 299,524	292,354 188,688.5	519,310 370,813	361,577 309,361.5	122,729 375,329
⊳ 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	128,675	186,232	91,157	126,333
⊳ 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	112,165	115,217	111,633	81,801	53,398
⊳ 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	51,828	49,091	32,160	23,568	7,980
⊳ 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	8,815	7,621	6,447	2,078
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ 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	31,705,804	29,067,328	157,142	18,441,240	4,403,636
Total income ? Median	17,189,716 6,586,430	19,813,451 6,767,106	11,701,657 8,419,950	13,179,743 8,094,175	11,647,777 15,162,888
Non-operating expenses Median	0 146,289.5	151,680 164,857	361 89,880.5	0 106,761	0 31,473.5
Net income Median	17,189,716 6,043,842	19,661,771 5,845,112	11,701,296 7,606,259	13,179,743 7,283,041	11,647,777 14,957,241
Net margin Median	16.16692% 4.62%	16.76507% 4.42%	11.76048% 5.16%	13.28439% 5.2%	11.85417% 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 MONTEREY PARK 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	9,830,924 23,241,334	10,347,034 23,709,545	8,883,241 24,248,380	7,200,441 22,858,541	7,521,236 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	9,830,924 21,577,146	10,347,034 22,041,594	8,883,241 22,722,063	7,200,441 21,570,441	7,521,236 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	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	2,026,503 11,160,864	2,132,308 11,987,345	1,931,789 12,926,866	1,727,852 11,884,480	1,110,888 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	2,026,503 10,918,923	2,132,308 11,706,976	1,931,789 12,615,917	1,727,852 11,458,116	1,110,888 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	974,312 594,888	1,081,318 595,761	972,883 577,894	874,809 542,168	782,865 549,667
Outlier Median	574,233 582,572	411,213 538,116	294,554 212,434	6,135 126,559	11,378 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	10,739,496 3,662,910	4,782 3,730,911	5,942,861 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	175,809 2,654,636	337,202 2,940,659	1,665,166 3,380,215	1,137,662 3,488,738	1,240,161 3,233,405
Uncompensated care (UCC) Median	1,080,476 5,147,790	418,292 5,337,617	2,305,571 5,711,082	2,173,495 5,923,418	1,936,142 5,508,107
UCC as a % of operating expenses Median	1.21% 3.24	0.43% 3.12	2.63% 3.21	2.53% 3.3	2.24% 2.86
Total shortfall/UCC Median	11,819,972 9,489,989	423,074 9,424,297	8,248,432 10,120,158	2,173,495 11,171,337	1,936,142 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	27,502,716 52,142,039	28,875,424 54,485,252	29,257,361 57,395,589	28,911,251 58,830,919	24,680,738 61,722,907
Salaries as a % of operating expenses Median	30.85 36.68	29.63 36.56	33.32 36.37	33.61 35.93	28.50 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	1,362,143 1,449,244	984,143 1,475,986	732,073 1,563,078	1,558,535 1,721,954	1,051,153 2,991,828
Contract hours, direct-care Median	48,716.00 22,725	40,324.00 23,018.5	33,439.00 24,503.48	33,976.00 25,026.5	18,286.75 33,786
Contract wages, direct-care Median	27.96 64.67	24.41 64.53	21.89 65.06	45.87 68.97	57.48 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.