As of the July, 2022, release via CMS

UNIVERSITY OF CO HOSPITAL

CMS id: 060024
12605 E 16TH AVENUE, AURORA CO 80045. County: ADAMS
System: UNIVERSITY OF COLORADO HEALTH
CBSA: Denver-Aurora-Lakewood, CO

The 665-bed, acute-care hospital had $146,093,280 in net service to patients*, with a total profit margin of 41.27751% in fiscal year 2021, the latest year available.
It spent 2.47% of its operating expenses on uncompensated care and reported $104,598,285 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	gov	gov	gov	gov	gov
Acute beds Median	459 118	423 118	439 119.5	435 118	435 119
Total beds Median	641 162	653 162	669 162	665 162	665 163.5
FTEs Median	5,241.05 788.06	5,751.92 793.42	6,254.81 806.03	6,230.15 787.61	6,029.62 804.34

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	1,623,587,702 150,932,746	1,873,879,464 158,950,878	2,133,119,665 168,696,998	1,980,504,822 163,454,693	2,226,475,972 186,589,412
Operating expenses Median	1,426,545,656 149,311,209	1,620,534,130 156,110,414	1,812,359,181 164,890,568	1,908,248,380 166,516,854	2,080,382,692 180,120,888
Net income from service 2 patients (NS2P) ? Median	197,042,046 -964,173	253,345,334 -643,601.5	320,760,484 -116,254	72,256,442 -5,025,862	146,093,280 -1,284,564
NS2P margin ? Median	12.14% -0.62	13.52% -0.29	15.04% 0.18	3.65% -5.07	6.56% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for UNIVERSITY OF CO 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	251,372,553 5,089,215	12,904,824 4,572,541	10,693,094 5,268,134	200,256,881 13,092,619	173,748,595 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,547,208 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	226,093,827 299,524	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	58,929	0	0	0	0
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	2,047,822	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	6,723,092	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.)	253,531	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	1,207,424	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	95,277,137 1,987,202	115,148,860 1,597,664
⊳ Sum Line 24	13,440,720	12,904,824	10,693,094	104,979,744	58,599,735
Total income ? Median	448,414,599 6,586,430	266,250,158 6,767,106	331,453,578 8,419,950	272,513,323 8,094,175	319,841,875 15,162,888
Non-operating expenses Median	15,717,885 146,289.5	-169,851,729 164,857	-131,077,479 89,880.5	-119,602,198 106,761	-670,911,108 31,473.5
Net income Median	432,696,714 6,043,842	436,101,887 5,845,112	462,531,057 7,606,259	392,115,521 7,283,041	990,752,983 14,957,241
Net margin Median	23.07765% 4.62%	23.11350% 4.42%	21.57516% 5.16%	17.98067% 5.2%	41.27751% 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 UNIVERSITY OF CO 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	199,114,417 23,241,334	216,824,251 23,709,545	221,684,926 24,248,380	209,380,776 22,858,541	224,135,952 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	196,508,677 21,577,146	213,768,528 22,041,594	218,668,503 22,722,063	206,550,165 21,570,441	221,225,843 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	2,605,740 3,535,627	3,055,723 3,746,588	3,016,423 3,782,288	2,830,611 3,865,578	2,910,109 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	139,113,402 11,160,864	162,869,917 11,987,345	176,895,216 12,926,866	159,253,010 11,884,480	155,666,284 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	139,113,402 10,918,923	162,869,917 11,706,976	176,895,216 12,615,917	159,253,010 11,458,116	155,666,284 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	34,817,808 3,284,314	36,363,222 3,250,551	35,658,666 3,386,837	33,051,176 3,360,806	35,312,917 3,508,953
Disproportionate-share hospital (DSH) Median	6,620,098 594,888	6,863,873 595,761	6,529,813 577,894	5,974,814 542,168	6,771,132 549,667
Outlier Median	11,358,872 582,572	15,473,223 538,116	17,923,534 212,434	3,236,695 126,559	2,745,440 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	66,801,563 3,662,910	77,405,840 3,730,911	81,751,313 4,081,319	103,007,925 4,643,908	104,598,285 4,389,147
Charity care Median	11,703,955 2,654,636	21,273,585 2,940,659	28,078,261 3,380,215	34,301,787 3,488,738	34,143,398 3,233,405
Uncompensated care (UCC) Median	22,794,297 5,147,790	30,098,086 5,337,617	38,063,620 5,711,082	44,979,690 5,923,418	51,442,196 5,508,107
UCC as a % of operating expenses Median	1.60% 3.24	1.86% 3.12	2.10% 3.21	2.36% 3.3	2.47% 2.86
Total shortfall/UCC Median	89,595,860 9,489,989	107,503,926 9,424,297	119,814,933 10,120,158	147,987,615 11,171,337	156,040,481 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	370,990,678 52,142,039	411,655,186 54,485,252	454,297,019 57,395,589	466,240,685 58,830,919	472,216,104 61,722,907
Salaries as a % of operating expenses Median	26.01 36.68	25.40 36.56	25.07 36.37	24.43 35.93	22.70 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	34,865,059 1,251,927	37,968,075 1,186,494	40,828,465 1,204,885	43,009,724 1,279,653	45,245,012 1,469,317
Contract adjusted salaries, direct-care Median	42,723,396 1,449,244	49,926,457 1,475,986	49,948,509 1,563,078	54,782,669 1,721,954	57,227,964 2,991,828
Contract hours, direct-care Median	966,777.00 22,725	1,072,245.00 23,018.5	1,109,682.00 24,503.48	1,180,903.90 25,026.5	1,193,440.00 33,786
Contract wages, direct-care Median	44.19 64.67	46.56 64.53	45.01 65.06	46.39 68.97	47.95 88.94

* in an approved program

Return to top

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.