As of the July, 2022, release via CMS

CEDARS-SINAI MARINA DEL REY HOSPITAL

CMS id: 050740
4650 LINCOLN BLVD, MARINA DEL REY CA 90291. County: LOS ANGELES
System: --
CBSA: Los Angeles-Long Beach-Anaheim, CA

The 103-bed, acute-care hospital had $-26,464,657 in net service to patients*, with a total profit margin of -9.03188% in fiscal year 2021, the latest year available.
It spent 0.95% of its operating expenses on uncompensated care and reported $19,503,856 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	92 118	92 118	91 119.5	91 118	91 119
Total beds Median	104 162	104 162	103 162	103 162	103 163.5
FTEs Median	735.77 788.06	503.03 793.42	555.43 806.03	588.06 787.61	588.06 804.34

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	102,868,334 150,932,746	111,716,611 158,950,878	134,475,699 168,696,998	134,525,312 163,454,693	133,726,564 186,589,412
Operating expenses Median	114,583,786 149,311,209	120,416,253 156,110,414	130,375,492 164,890,568	134,755,557 166,516,854	160,191,221 180,120,888
Net income from service 2 patients (NS2P) ? Median	-11,715,452 -964,173	-8,699,642 -643,601.5	4,100,207 -116,254	-230,245 -5,025,862	-26,464,657 -1,284,564
NS2P margin ? Median	-11.39% -0.62	-7.79% -0.29	3.05% 0.18	-0.17% -5.07	-19.79% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CEDARS-SINAI MARINA DEL REY 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	385,812 5,089,215	2,929,164 4,572,541	3,354,135 5,268,134	7,981,829 13,092,619	13,245,449 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	8,957 299,524	666 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	42,656	0	0	0
⊳ Line 11: Rebates and refunds of expenses	32,936	22,203	8,881	3,972	15,023
⊳ 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	212,354	242,324	241,702	218,224	184,155
⊳ Line 15: Revenue from rental of living quarters	525	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	10,888	9,468	21,423	11,673	13,260
⊳ 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	4,436	4,599	4,556	3,212	2,647
⊳ 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	115,716	2,607,248	3,077,573	7,744,748	13,030,364
Total income ? Median	-11,329,640 6,586,430	-5,770,478 6,767,106	7,454,342 8,419,950	7,751,584 8,094,175	-13,219,208 15,162,888
Non-operating expenses Median	628 146,289.5	-3,772,459 164,857	0 89,880.5	7,369,897 106,761	55,127 31,473.5
Net income Median	-11,330,268 6,043,842	-1,998,019 5,845,112	7,454,342 7,606,259	381,687 7,283,041	-13,274,335 14,957,241
Net margin Median	-10.97318% 4.62%	-1.74278% 4.42%	5.40837% 5.16%	0.26784% 5.2%	-9.03188% 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 CEDARS-SINAI MARINA DEL REY 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	19,364,217 23,241,334	22,056,906 23,709,545	22,945,701 24,248,380	23,966,034 22,858,541	25,579,907 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	19,364,217 21,577,146	22,056,906 22,041,594	22,945,701 22,722,063	23,966,034 21,570,441	25,579,907 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	5,613,712 11,160,864	7,277,519 11,987,345	7,164,102 12,926,866	6,800,882 11,884,480	7,033,770 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	5,613,712 10,918,923	7,277,519 11,706,976	7,164,102 12,615,917	6,800,882 11,458,116	7,033,770 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	438,406 594,888	388,970 595,761	532,522 577,894	430,324 542,168	705,588 549,667
Outlier Median	480,812 582,572	1,269,889 538,116	1,307,695 212,434	200,430 126,559	172,238 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,518,083 3,662,910	9,027,336 3,730,911	9,009,470 4,081,319	12,422,508 4,643,908	19,503,856 4,389,147
Charity care Median	528,433 2,654,636	1,890,240 2,940,659	1,290,430 3,380,215	2,217,405 3,488,738	574,907 3,233,405
Uncompensated care (UCC) Median	2,487,912 5,147,790	2,870,944 5,337,617	2,797,651 5,711,082	3,814,863 5,923,418	1,528,712 5,508,107
UCC as a % of operating expenses Median	2.17% 3.24	2.38% 3.12	2.15% 3.21	2.83% 3.3	0.95% 2.86
Total shortfall/UCC Median	10,005,995 9,489,989	11,898,280 9,424,297	11,807,121 10,120,158	16,237,371 11,171,337	21,032,568 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	43,461,028 52,142,039	44,284,461 54,485,252	55,883,505 57,395,589	62,838,977 58,830,919	65,958,121 61,722,907
Salaries as a % of operating expenses Median	40.64 36.68	39.78 36.56	46.68 36.37	48.99 35.93	43.07 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	1,736,239 1,449,244	3,712,381 1,475,986	3,033,994 1,563,078	4,383,645 1,721,954	4,383,645 2,991,828
Contract hours, direct-care Median	26,327.00 22,725	60,521.00 23,018.5	37,913.00 24,503.48	58,009.00 25,026.5	155,723.00 33,786
Contract wages, direct-care Median	65.95 64.67	61.34 64.53	80.03 65.06	75.57 68.97	28.15 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.