As of the July, 2022, release via CMS

PRESBYTERIAN ST LUKES MEDICAL CTR

CMS id: 060014
1719 E 19TH AVENUE, DENVER CO 80218. County: DENVER
System: HOSPITAL CORPORATION OF AMERICA
CBSA: Denver-Aurora-Lakewood, CO

The 317-bed, acute-care hospital had $183,228,265 in net service to patients*, with a total profit margin of 31.29863% in fiscal year 2021, the latest year available.
It spent 1.24% of its operating expenses on uncompensated care and reported $26,598,336 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	211 118	224 118	206 119.5	175 118	193 119
Total beds Median	332 162	337 162	307 162	317 162	317 163.5
FTEs Median	1,429.40 788.06	1,424.75 793.42	1,441.27 806.03	1,400.26 787.61	1,331.78 804.34

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	527,807,600 150,932,746	600,019,534 158,950,878	581,482,191 168,696,998	567,725,017 163,454,693	591,322,531 186,589,412
Operating expenses Median	326,100,882 149,311,209	311,387,745 156,110,414	298,305,475 164,890,568	425,986,179 166,516,854	408,094,266 180,120,888
Net income from service 2 patients (NS2P) ? Median	201,706,718 -964,173	288,631,789 -643,601.5	283,176,716 -116,254	141,738,838 -5,025,862	183,228,265 -1,284,564
NS2P margin ? Median	38.22% -0.62	48.10% -0.29	48.70% 0.18	24.97% -5.07	30.99% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PRESBYTERIAN ST LUKES MEDICAL 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	3,169,373 5,089,215	2,749,117 4,572,541	1,680,053 5,268,134	1,723,173 13,092,619	2,689,295 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	609,738 299,524	851,663 188,688.5	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	38,021	0	0	0
⊳ Line 11: Rebates and refunds of expenses	0	0	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	1,061,593	0	0	702,001	733,293
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	356,006	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	12	0	0	0	0
⊳ Line 21: Rental of vending machines	3,232	0	0	2,424	2,424
⊳ 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	1,494,798	1,503,427	1,680,053	1,018,748	1,953,578
Total income ? Median	204,876,091 6,586,430	291,380,906 6,767,106	284,856,769 8,419,950	143,462,011 8,094,175	185,917,560 15,162,888
Non-operating expenses Median	0 146,289.5	9,617,112 164,857	-159 89,880.5	0 106,761	0 31,473.5
Net income Median	204,876,091 6,043,842	281,763,794 5,845,112	284,856,928 7,606,259	143,462,011 7,283,041	185,917,560 14,957,241
Net margin Median	38.58474% 4.62%	46.74493% 4.42%	48.84694% 5.16%	25.19316% 5.2%	31.29863% 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 PRESBYTERIAN ST LUKES MEDICAL 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	48,859,802 23,241,334	46,145,143 23,709,545	50,402,616 24,248,380	41,692,006 22,858,541	48,155,716 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	48,859,802 21,577,146	46,145,143 22,041,594	50,402,616 22,722,063	41,692,006 21,570,441	48,155,716 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	12,627,364 11,160,864	12,940,254 11,987,345	12,088,223 12,926,866	11,885,445 11,884,480	11,373,994 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	12,627,364 10,918,923	12,940,254 11,706,976	12,088,223 12,615,917	11,885,445 11,458,116	11,373,994 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	2,235,579 3,284,314	2,280,149 3,250,551	2,528,946 3,386,837	2,334,665 3,360,806	2,158,800 3,508,953
Disproportionate-share hospital (DSH) Median	2,112,077 594,888	1,936,558 595,761	1,818,686 577,894	1,813,654 542,168	1,840,185 549,667
Outlier Median	6,747,569 582,572	6,734,040 538,116	9,634,571 212,434	1,739,397 126,559	2,268,508 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	18,282,046 3,662,910	11,537,042 3,730,911	15,347,850 4,081,319	21,207,822 4,643,908	26,598,336 4,389,147
Charity care Median	3,623,330 2,654,636	4,495,114 2,940,659	5,231,687 3,380,215	5,166,683 3,488,738	4,346,967 3,233,405
Uncompensated care (UCC) Median	4,614,646 5,147,790	5,308,406 5,337,617	6,137,019 5,711,082	6,036,874 5,923,418	5,072,921 5,508,107
UCC as a % of operating expenses Median	1.42% 3.24	1.70% 3.12	2.06% 3.21	1.42% 3.3	1.24% 2.86
Total shortfall/UCC Median	22,896,692 9,489,989	16,845,448 9,424,297	21,484,869 10,120,158	27,244,696 11,171,337	31,671,257 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	108,844,812 52,142,039	110,826,413 54,485,252	114,887,416 57,395,589	112,473,306 58,830,919	111,573,323 61,722,907
Salaries as a % of operating expenses Median	33.38 36.68	35.45 36.56	38.47 36.37	26.37 35.93	27.31 35.24
Intern, resident salaries* Median	0 2,598,592	307,130 2,686,824	1,305,426 2,753,773	1,242,388 2,937,156	580,530 2,909,848
Contract intern, resident salaries* Median	1,482,332 1,251,927	1,655,973 1,186,494	1,417,117 1,204,885	226,713 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	7,342,862 1,449,244	5,746,086 1,475,986	6,181,640 1,563,078	4,281,951 1,721,954	9,580,845 2,991,828
Contract hours, direct-care Median	172,141.00 22,725	122,237.00 23,018.5	110,670.00 24,503.48	96,636.01 25,026.5	168,671.98 33,786
Contract wages, direct-care Median	42.66 64.67	47.01 64.53	55.86 65.06	44.31 68.97	56.80 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.