As of the July, 2022, release via CMS

NORTH COLORADO MEDICAL CENTER

CMS id: 060001
1801 16TH STREET, GREELEY CO 80631. County: WELD
System: BANNER HEALTH
CBSA: Greeley, CO

The 208-bed, acute-care hospital had $-37,347,733 in net service to patients*, with a total profit margin of -5.62528% in fiscal year 2021, the latest year available.
It spent 2.98% of its operating expenses on uncompensated care and reported $30,065,741 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	199 118	199 118	196 119.5	167 118	169 119
Total beds Median	225 162	225 162	222 162	206 162	208 163.5
FTEs Median	1,516.79 788.06	1,443.28 793.42	1,397.52 806.03	1,208.71 787.61	1,154.25 804.34

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	360,684,104 150,932,746	377,383,898 158,950,878	370,360,928 168,696,998	320,827,228 163,454,693	330,987,631 186,589,412
Operating expenses Median	347,702,371 149,311,209	336,094,414 156,110,414	351,171,235 164,890,568	332,001,689 166,516,854	368,335,364 180,120,888
Net income from service 2 patients (NS2P) ? Median	12,981,733 -964,173	41,289,484 -643,601.5	19,189,693 -116,254	-11,174,461 -5,025,862	-37,347,733 -1,284,564
NS2P margin ? Median	3.60% -0.62	10.94% -0.29	5.18% 0.18	-3.48% -5.07	-11.28% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for NORTH COLORADO 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	12,989,348 5,089,215	12,975,781 4,572,541	16,353,494 5,268,134	20,838,341 13,092,619	17,731,300 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	531,472 299,524	494,093 188,688.5	468,583 370,813	215,703 309,361.5	261,893 375,329
⊳ 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	45,567	3,916	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	1,764,845	1,720,355	1,713,182	1,160,899	1,214,597
⊳ 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	152,418	167,138	226,140	388,293	398,636
⊳ 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	3,467	0	0	0	0
⊳ Line 22: Rental of hospital space	130,074	81,560	63,071	32,114	47,349
⊳ 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	10,361,505	10,508,719	13,882,518	19,041,332	15,808,825
Total income ? Median	25,971,081 6,586,430	54,265,265 6,767,106	35,543,187 8,419,950	9,663,880 8,094,175	-19,616,433 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	25,971,081 6,043,842	54,265,265 5,845,112	35,543,187 7,606,259	9,663,880 7,283,041	-19,616,433 14,957,241
Net margin Median	6.95021% 4.62%	13.90135% 4.42%	9.19107% 5.16%	2.82846% 5.2%	-5.62528% 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 NORTH COLORADO 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	48,041,585 23,241,334	47,042,026 23,709,545	46,265,553 24,248,380	35,837,784 22,858,541	40,107,257 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	48,041,585 21,577,146	47,042,026 22,041,594	46,265,553 22,722,063	35,837,784 21,570,441	40,107,257 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	23,895,077 11,160,864	25,377,325 11,987,345	24,168,047 12,926,866	20,074,482 11,884,480	20,308,919 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	23,895,077 10,918,923	25,377,325 11,706,976	24,168,047 12,615,917	20,074,482 11,458,116	20,308,919 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	4,619,474 3,284,314	4,366,235 3,250,551	4,464,883 3,386,837	3,487,490 3,360,806	3,865,818 3,508,953
Disproportionate-share hospital (DSH) Median	1,942,797 594,888	1,879,183 595,761	1,662,957 577,894	1,417,602 542,168	1,535,847 549,667
Outlier Median	1,533,477 582,572	1,981,781 538,116	549,267 212,434	250,077 126,559	554,549 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	22,751,279 3,662,910	9,054,969 3,730,911	27,332,451 4,081,319	32,291,535 4,643,908	30,065,741 4,389,147
Charity care Median	7,876,282 2,654,636	8,442,667 2,940,659	7,005,386 3,380,215	10,021,325 3,488,738	8,541,754 3,233,405
Uncompensated care (UCC) Median	11,057,800 5,147,790	11,892,251 5,337,617	11,202,398 5,711,082	13,228,743 5,923,418	10,979,283 5,508,107
UCC as a % of operating expenses Median	3.18% 3.24	3.54% 3.12	3.19% 3.21	3.98% 3.3	2.98% 2.86
Total shortfall/UCC Median	33,809,079 9,489,989	20,947,220 9,424,297	38,534,849 10,120,158	45,520,278 11,171,337	41,045,024 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	101,548,416 52,142,039	99,774,379 54,485,252	101,653,919 57,395,589	94,652,042 58,830,919	99,099,245 61,722,907
Salaries as a % of operating expenses Median	29.21 36.68	29.69 36.56	28.95 36.37	28.51 35.93	26.90 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	1,084,465 1,449,244	1,588,521 1,475,986	3,536,370 1,563,078	4,074,244 1,721,954	30,726,320 2,991,828
Contract hours, direct-care Median	12,316.00 22,725	17,385.00 23,018.5	49,179.00 24,503.48	39,616.00 25,026.5	165,416.00 33,786
Contract wages, direct-care Median	88.05 64.67	91.37 64.53	71.91 65.06	102.84 68.97	185.75 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.