As of the July, 2022, release via CMS

L A DOWNTOWN MEDICAL CENTER

CMS id: 050763
1711 WEST TEMPLE STREET, LOS ANGELES CA 92006. County: LOS ANGELES
System: --
CBSA: Los Angeles-Long Beach-Anaheim, CA

The 234-bed, acute-care hospital had $-10,943,961 in net service to patients*, with a total profit margin of 1.40559% in fiscal year 2020, the latest year available.
It spent 0.72% of its operating expenses on uncompensated care and reported $1,605,714 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	303	366	--
Ownership	forprofit	forprofit	forprofit	forprofit	--
Acute beds Median	199 118	222 118	222 119.5	222 118	-- 119
Total beds Median	211 162	234 162	234 162	234 162	-- 163.5
FTEs Median	595.95 788.06	614.61 793.42	512.95 806.03	724.56 787.61	-- 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	57,434,859 150,932,746	60,739,122 158,950,878	68,084,281 168,696,998	81,225,719 163,454,693	-- 186,589,412
Operating expenses Median	69,072,391 149,311,209	72,803,722 156,110,414	69,606,204 164,890,568	92,169,680 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	-11,637,532 -964,173	-12,064,600 -643,601.5	-1,521,923 -116,254	-10,943,961 -5,025,862	-- -1,284,564
NS2P margin ? Median	-20.26% -0.62	-19.86% -0.29	-2.24% 0.18	-13.47% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for L A DOWNTOWN MEDICAL 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	15,311,190 5,089,215	11,542,063 4,572,541	1,685,836 5,268,134	12,257,959 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	0 309,361.5	-- 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	--
⊳ Line 11: Rebates and refunds of expenses	19,417	67,615	66,939	363,996	--
⊳ Line 12: Parking lot receipts	0	0	0	0	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	118,605	142,964	156,185	69,161	--
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	--
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	--
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	287,316	0	--
⊳ Line 18: Revenue from sale of medical records and abstracts	6,995	5,371	2,018	3,670	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	--
⊳ Line 21: Rental of vending machines	0	0	0	0	--
⊳ Line 22: Rental of hospital space	729,276	704,227	584,667	240,000	--
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	-- 1,597,664
⊳ Sum Line 24	14,436,897	10,621,886	588,711	11,581,132	--
Total income ? Median	3,673,658 6,586,430	-522,537 6,767,106	163,913 8,419,950	1,313,998 8,094,175	-- 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	-- 31,473.5
Net income Median	3,673,658 6,043,842	-522,537 5,845,112	163,913 7,606,259	1,313,998 7,283,041	-- 14,957,241
Net margin Median	5.04998% 4.62%	-0.72292% 4.42%	0.23493% 5.16%	1.40559% 5.2%	--% 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 L A DOWNTOWN MEDICAL 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	35,479,799 23,241,334	39,574,499 23,709,545	33,539,402 24,248,380	48,125,204 22,858,541	-- 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	35,479,799 21,577,146	39,574,499 22,041,594	33,539,402 22,722,063	48,125,204 21,570,441	-- 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	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	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	-- 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Critical-access hospitals ⊳ Median	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	-- 1,179,746
All outpatient revenue Median Click here to show/hide details	2,743,871 11,160,864	2,262,301 11,987,345	2,331,050 12,926,866	2,994,237 11,884,480	-- 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	2,743,871 10,918,923	2,262,301 11,706,976	2,331,050 12,615,917	2,994,237 11,458,116	-- 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	-- 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	-- 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	-- --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	119,130 3,284,314	133,065 3,250,551	178,663 3,386,837	253,187 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	2,422,957 594,888	2,594,107 595,761	2,569,444 577,894	4,952,329 542,168	-- 549,667
Outlier Median	1,333,379 582,572	1,885,764 538,116	220,360 212,434	786,758 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	21,699,166 3,662,910	16,468,623 3,730,911	1,157,979 4,081,319	1,605,714 4,643,908	-- 4,389,147
Charity care Median	132,485 2,654,636	0 2,940,659	0 3,380,215	301,613 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	1,381,710 5,147,790	465,785 5,337,617	201,398 5,711,082	659,938 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	2.00% 3.24	0.64% 3.12	0.29% 3.21	0.72% 3.3	--% 2.86
Total shortfall/UCC Median	23,080,876 9,489,989	16,934,408 9,424,297	1,359,377 10,120,158	2,265,652 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	38,157,195 52,142,039	39,343,696 54,485,252	23,064,765 57,395,589	42,624,311 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	55.24 36.68	54.04 36.56	33.14 36.37	46.25 35.93	-- 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	184,150 2,937,156	-- 2,909,848
Contract intern, resident salaries* Median	156,741 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	-- 1,469,317
Contract adjusted salaries, direct-care Median	798,905 1,449,244	1,025,297 1,475,986	1,406,969 1,563,078	1,406,969 1,721,954	-- 2,991,828
Contract hours, direct-care Median	12,814.56 22,725	17,201.19 23,018.5	47,318.00 24,503.48	47,318.00 25,026.5	-- 33,786
Contract wages, direct-care Median	62.34 64.67	59.61 64.53	29.73 65.06	29.73 68.97	-- 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.