As of the July, 2022, release via CMS

BAPTIST HOSPITAL

CMS id: 100008
8900 NORTH KENDALL DRIVE, MIAMI FL 33176. County: MIAMI-DADE
System: BAPTIST HEALTH SOUTH FLORIDA
CBSA: Miami-Fort Lauderdale-Pompano Beach, FL

The 838-bed, acute-care hospital had $146,575,113 in net service to patients*, with a total profit margin of 17.31638% in fiscal year 2021, the latest year available.
It spent 4.04% of its operating expenses on uncompensated care and reported $56,686,393 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	629 118	629 118	629 119.5	714 118	714 119
Total beds Median	728 162	728 162	728 162	838 162	838 163.5
FTEs Median	4,529.28 788.06	4,944.32 793.42	5,161.85 806.03	4,894.15 787.61	4,992.32 804.34

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	1,004,343,548 150,932,746	1,169,374,085 158,950,878	1,411,221,166 168,696,998	1,310,857,625 163,454,693	1,532,888,457 186,589,412
Operating expenses Median	943,839,337 149,311,209	1,048,954,973 156,110,414	1,161,902,277 164,890,568	1,249,838,825 166,516,854	1,386,313,344 180,120,888
Net income from service 2 patients (NS2P) ? Median	60,504,211 -964,173	120,419,112 -643,601.5	249,318,889 -116,254	61,018,800 -5,025,862	146,575,113 -1,284,564
NS2P margin ? Median	6.02% -0.62	10.30% -0.29	17.67% 0.18	4.65% -5.07	9.56% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for BAPTIST 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	15,910,375 5,089,215	28,806,523 4,572,541	37,729,398 5,268,134	105,068,692 13,092,619	150,723,154 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	528,856 224,999	4,160,940 199,009	233,962 206,870.5	5,699,474 194,343	97,827,015 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	2 370,813	288,971 309,361.5	87,591 375,329
⊳ 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	105,253	161,983	198,151	90,035	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	7,937,392	8,635,490	8,854,312	6,079,472	1,249,286
⊳ 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	1,491,321	0	0	1,056,545	1,154,242
⊳ 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	5,847,553	15,848,110	28,442,971	91,854,195	50,405,020
Total income ? Median	76,414,586 6,586,430	149,225,635 6,767,106	287,048,287 8,419,950	166,087,492 8,094,175	297,298,267 15,162,888
Non-operating expenses Median	3,235,977 146,289.5	5,508,926 164,857	5,058,286 89,880.5	4,889,087 106,761	5,757,730 31,473.5
Net income Median	73,178,609 6,043,842	143,716,709 5,845,112	281,990,001 7,606,259	161,198,405 7,283,041	291,540,537 14,957,241
Net margin Median	7.17259% 4.62%	11.99458% 4.42%	19.46167% 5.16%	11.38466% 5.2%	17.31638% 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 BAPTIST 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	95,443,264 23,241,334	99,480,893 23,709,545	97,122,070 24,248,380	85,624,992 22,858,541	90,760,808 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	89,230,118 21,577,146	92,935,597 22,041,594	92,916,937 22,722,063	85,624,992 21,570,441	90,760,808 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	6,213,146 3,535,627	6,545,296 3,746,588	4,205,133 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	36,189,647 11,160,864	50,159,384 11,987,345	53,944,977 12,926,866	50,689,651 11,884,480	52,902,467 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	36,189,647 10,918,923	50,159,384 11,706,976	53,944,977 12,615,917	50,689,651 11,458,116	52,902,467 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	0 3,284,314	0 3,250,551	0 3,386,837	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	3,940,679 594,888	3,342,428 595,761	2,835,031 577,894	2,622,331 542,168	2,475,971 549,667
Outlier Median	13,596,237 582,572	12,793,575 538,116	2,557,785 212,434	1,323,834 126,559	1,542,249 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	46,381,438 3,662,910	61,084,471 3,730,911	26,001,500 4,081,319	52,264,188 4,643,908	56,686,393 4,389,147
Charity care Median	30,285,464 2,654,636	32,032,163 2,940,659	36,339,179 3,380,215	36,153,063 3,488,738	30,522,054 3,233,405
Uncompensated care (UCC) Median	59,120,744 5,147,790	59,570,070 5,337,617	62,672,385 5,711,082	60,852,308 5,923,418	56,057,188 5,508,107
UCC as a % of operating expenses Median	6.26% 3.24	5.68% 3.12	5.39% 3.21	4.87% 3.3	4.04% 2.86
Total shortfall/UCC Median	105,502,182 9,489,989	120,654,541 9,424,297	88,673,885 10,120,158	113,116,496 11,171,337	112,743,581 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	310,493,526 52,142,039	340,601,435 54,485,252	353,040,531 57,395,589	356,565,221 58,830,919	381,628,626 61,722,907
Salaries as a % of operating expenses Median	32.90 36.68	32.47 36.56	30.38 36.37	28.53 35.93	27.53 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	2,211,028 1,449,244	651,480 1,475,986	538,317 1,563,078	11,545,762 1,721,954	27,443,008 2,991,828
Contract hours, direct-care Median	21,785.00 22,725	12,449.00 23,018.5	8,176.00 24,503.48	80,717.00 25,026.5	168,720.00 33,786
Contract wages, direct-care Median	101.49 64.67	52.33 64.53	65.84 65.06	143.04 68.97	162.65 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.