As of the July, 2022, release via CMS

HOMESTEAD HOSPITAL

CMS id: 100125
975 BAPTIST WAY, HOMESTEAD FL 33033. County: MIAMI-DADE
System: BAPTIST HEALTH SOUTH FLORIDA
CBSA: Miami-Fort Lauderdale-Pompano Beach, FL

The 182-bed, acute-care hospital had $-7,946,116 in net service to patients*, with a total profit margin of 3.61934% in fiscal year 2021, the latest year available.
It spent 12.01% of its operating expenses on uncompensated care and reported $0 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	126 118	126 118	131 119.5	162 118	126 119
Total beds Median	142 162	142 162	147 162	220 162	182 163.5
FTEs Median	1,080.50 788.06	1,091.55 793.42	1,123.08 806.03	1,202.60 787.61	1,296.33 804.34

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	197,288,476 150,932,746	177,939,540 158,950,878	190,929,695 168,696,998	223,862,452 163,454,693	259,782,723 186,589,412
Operating expenses Median	223,403,170 149,311,209	230,924,444 156,110,414	228,123,099 164,890,568	247,591,282 166,516,854	267,728,839 180,120,888
Net income from service 2 patients (NS2P) ? Median	-26,114,694 -964,173	-52,984,904 -643,601.5	-37,193,404 -116,254	-23,728,830 -5,025,862	-7,946,116 -1,284,564
NS2P margin ? Median	-13.24% -0.62	-29.78% -0.29	-19.48% 0.18	-10.60% -5.07	-3.06% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HOMESTEAD 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	2,517,219 5,089,215	8,776,863 4,572,541	3,158,751 5,268,134	10,081,835 13,092,619	18,421,528 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	463,913 224,999	6,557,648 199,009	846,761 206,870.5	1,835,723 194,343	16,720,279 249,496
⊳ 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	1,084,100	1,182,129	1,236,378	931,852	765,884
⊳ 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	463,910	495,821	490,264	428,742	401,322
⊳ Line 21: Rental of vending machines	3,300	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	501,996	541,265	585,348	6,885,518	534,043
Total income ? Median	-23,597,475 6,586,430	-44,208,041 6,767,106	-34,034,653 8,419,950	-13,646,995 8,094,175	10,475,412 15,162,888
Non-operating expenses Median	444,538 146,289.5	-746,682 164,857	482,452 89,880.5	432,504 106,761	406,257 31,473.5
Net income Median	-24,042,013 6,043,842	-43,461,359 5,845,112	-34,517,105 7,606,259	-14,079,499 7,283,041	10,069,155 14,957,241
Net margin Median	-12.03270% 4.62%	-23.27667% 4.42%	-17.78421% 5.16%	-6.01831% 5.2%	3.61934% 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 HOMESTEAD 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	17,377,013 23,241,334	18,871,812 23,709,545	18,586,257 24,248,380	29,014,796 22,858,541	28,320,618 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	17,377,013 21,577,146	18,871,812 22,041,594	18,586,257 22,722,063	24,045,828 21,570,441	22,583,458 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	4,968,968 3,865,578	5,737,160 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	5,247,954 11,160,864	5,884,650 11,987,345	5,547,429 12,926,866	3,743,941 11,884,480	3,379,244 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	5,247,954 10,918,923	5,884,650 11,706,976	5,547,429 12,615,917	3,743,941 11,458,116	3,379,244 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	1,218,106 594,888	994,752 595,761	762,449 577,894	908,547 542,168	707,160 549,667
Outlier Median	1,270,666 582,572	815,139 538,116	151,530 212,434	1,041,954 126,559	1,214,248 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,509,847 3,662,910	25,138,891 3,730,911	18,510,109 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	23,742,141 2,654,636	24,988,871 2,940,659	23,830,742 3,380,215	21,778,788 3,488,738	16,811,276 3,233,405
Uncompensated care (UCC) Median	40,963,000 5,147,790	45,951,113 5,337,617	40,404,950 5,711,082	33,883,083 5,923,418	32,163,465 5,508,107
UCC as a % of operating expenses Median	18.34% 3.24	19.90% 3.12	17.71% 3.21	13.69% 3.3	12.01% 2.86
Total shortfall/UCC Median	43,472,847 9,489,989	71,090,004 9,424,297	58,915,059 10,120,158	33,883,083 11,171,337	32,163,465 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	77,216,410 52,142,039	79,602,621 54,485,252	81,009,779 57,395,589	91,101,250 58,830,919	99,485,570 61,722,907
Salaries as a % of operating expenses Median	34.56 36.68	34.47 36.56	35.51 36.37	36.80 35.93	37.16 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	524,305 1,449,244	751,614 1,475,986	0 1,563,078	4,437,267 1,721,954	6,591,178 2,991,828
Contract hours, direct-care Median	7,839.00 22,725	13,204.00 23,018.5	0.00 24,503.48	38,173.00 25,026.5	77,551.00 33,786
Contract wages, direct-care Median	66.88 64.67	56.92 64.53	0.00 65.06	116.24 68.97	84.99 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.