As of the July, 2022, release via CMS

ST ANTHONY HOSPITAL

CMS id: 060015
11600 W. 2ND PLACE, LAKEWOOD CO 80228. County: JEFFERSON
System: CENTURA HEALTH
CBSA: Denver-Aurora-Lakewood, CO

The 237-bed, acute-care hospital had $57,115,210 in net service to patients*, with a total profit margin of 15.32178% in fiscal year 2021, the latest year available.
It spent 3.16% of its operating expenses on uncompensated care and reported $31,545,212 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	160 118	144 118	144 119.5	143 118	144 119
Total beds Median	237 162	237 162	237 162	237 162	237 163.5
FTEs Median	1,659.20 788.06	1,517.58 793.42	1,536.49 806.03	1,491.11 787.61	1,494.50 804.34

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	433,047,672 150,932,746	435,308,250 158,950,878	444,567,969 168,696,998	402,982,112 163,454,693	463,790,545 186,589,412
Operating expenses Median	401,930,605 149,311,209	404,719,078 156,110,414	417,671,930 164,890,568	379,315,079 166,516,854	406,675,335 180,120,888
Net income from service 2 patients (NS2P) ? Median	31,117,067 -964,173	30,589,172 -643,601.5	26,896,039 -116,254	23,667,033 -5,025,862	57,115,210 -1,284,564
NS2P margin ? Median	7.19% -0.62	7.03% -0.29	6.05% 0.18	5.87% -5.07	12.31% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ST ANTHONY 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	8,309,476 5,089,215	11,754,873 4,572,541	7,107,393 5,268,134	13,342,097 13,092,619	13,840,145 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	0 299,524	0 188,688.5	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	0	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	0	0	0	0	0
⊳ 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	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	0	0	0	0	0
⊳ 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	8,309,476	11,754,873	7,107,393	13,342,097	13,840,145
Total income ? Median	39,426,543 6,586,430	42,344,045 6,767,106	34,003,432 8,419,950	37,009,130 8,094,175	70,955,355 15,162,888
Non-operating expenses Median	-5,778,461 146,289.5	-4,729,880 164,857	-5,468,706 89,880.5	-2,857,456 106,761	-2,226,175 31,473.5
Net income Median	45,205,004 6,043,842	47,073,925 5,845,112	39,472,138 7,606,259	39,866,586 7,283,041	73,181,530 14,957,241
Net margin Median	10.24227% 4.62%	10.52959% 4.42%	8.73905% 5.16%	9.57585% 5.2%	15.32178% 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 ST ANTHONY 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	51,625,708 23,241,334	50,427,025 23,709,545	54,464,773 24,248,380	52,113,313 22,858,541	58,859,353 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	47,253,721 21,577,146	46,442,863 22,041,594	49,921,449 22,722,063	46,981,235 21,570,441	54,504,838 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	4,371,987 3,535,627	3,984,162 3,746,588	4,543,324 3,782,288	5,132,078 3,865,578	4,354,515 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	15,136,707 11,160,864	16,517,826 11,987,345	17,371,531 12,926,866	17,080,989 11,884,480	16,872,577 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	15,136,707 10,918,923	16,517,826 11,706,976	17,371,531 12,615,917	17,080,989 11,458,116	16,872,577 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	557,597 3,284,314	710,981 3,250,551	994,871 3,386,837	1,049,249 3,360,806	1,155,690 3,508,953
Disproportionate-share hospital (DSH) Median	1,067,882 594,888	1,167,461 595,761	1,119,682 577,894	993,212 542,168	1,154,642 549,667
Outlier Median	3,369,453 582,572	2,762,926 538,116	2,797,019 212,434	885,160 126,559	635,259 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	44,204,264 3,662,910	38,524,894 3,730,911	36,999,840 4,081,319	34,048,456 4,643,908	31,545,212 4,389,147
Charity care Median	3,671,842 2,654,636	7,801,049 2,940,659	8,635,272 3,380,215	10,334,823 3,488,738	11,190,200 3,233,405
Uncompensated care (UCC) Median	7,115,996 5,147,790	12,589,899 5,337,617	14,048,973 5,711,082	13,908,566 5,923,418	12,869,809 5,508,107
UCC as a % of operating expenses Median	1.77% 3.24	3.11% 3.12	3.36% 3.21	3.67% 3.3	3.16% 2.86
Total shortfall/UCC Median	51,320,260 9,489,989	51,114,793 9,424,297	51,048,813 10,120,158	47,957,022 11,171,337	44,415,021 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	129,358,620 52,142,039	123,881,625 54,485,252	124,381,523 57,395,589	126,052,374 58,830,919	132,676,205 61,722,907
Salaries as a % of operating expenses Median	34.73 36.68	32.33 36.56	31.80 36.37	33.23 35.93	32.62 35.24
Intern, resident salaries* Median	310,270 2,598,592	491,690 2,686,824	604,556 2,753,773	692,497 2,937,156	871,226 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	2,337,381 1,449,244	3,019,950 1,475,986	0 1,563,078	3,585,061 1,721,954	2,959,098 2,991,828
Contract hours, direct-care Median	37,054.00 22,725	52,138.00 23,018.5	0.00 24,503.48	73,369.00 25,026.5	63,422.00 33,786
Contract wages, direct-care Median	63.08 64.67	57.92 64.53	0.00 65.06	48.86 68.97	46.66 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.