As of the July, 2022, release via CMS

ASCENSION SACRED HEART EMERALD COAST

CMS id: 100292
7800 US HIGHWAY 98 WEST, DESTIN FL 32550. County: WALTON
System: SACRED HEART MSO
CBSA: Crestview-Fort Walton Beach-Destin, FL

The 80-bed, acute-care hospital had $24,999,707 in net service to patients*, with a total profit margin of 19.37066% in fiscal year 2021, the latest year available.
It spent 7.76% of its operating expenses on uncompensated care and reported $2,041,991 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	40 118	40 118	40 119.5	40 118	48 119
Total beds Median	62 162	62 162	62 162	72 162	80 163.5
FTEs Median	464.47 788.06	444.10 793.42	437.42 806.03	444.18 787.61	470.32 804.34

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	121,434,857 150,932,746	128,133,728 158,950,878	128,056,925 168,696,998	120,130,663 163,454,693	148,284,518 186,589,412
Operating expenses Median	99,917,292 149,311,209	110,098,616 156,110,414	109,231,703 164,890,568	111,364,797 166,516,854	123,284,811 180,120,888
Net income from service 2 patients (NS2P) ? Median	21,517,565 -964,173	18,035,112 -643,601.5	18,825,222 -116,254	8,765,866 -5,025,862	24,999,707 -1,284,564
NS2P margin ? Median	17.72% -0.62	14.08% -0.29	14.70% 0.18	7.30% -5.07	16.86% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ASCENSION SACRED HEART EMERALD COAST 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	1,262,885 5,089,215	6,001,069 4,572,541	842,614 5,268,134	3,208,266 13,092,619	4,618,638 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	-166,360 224,999	-157,000 199,009	-75,174 206,870.5	-31,651 194,343	-40,000 249,496
⊳ Line 7: Investments ? ⊳ Median	23,653 299,524	79,476 188,688.5	15,500 370,813	37,853 309,361.5	139,093 375,329
⊳ 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	459,332	506,576	521,738	425,574	381,731
⊳ 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	18	772	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	2,259	14,767	13,089	18,178
⊳ Line 22: Rental of hospital space	41,235	21,546	97,975	146,239	1,534
⊳ Line 23: Gov appropriations ? ⊳ Median	11,571 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	1,000 1,597,664
⊳ Sum Line 24	893,454	5,548,194	267,036	2,617,162	4,117,102
Total income ? Median	22,780,450 6,586,430	24,036,181 6,767,106	19,667,836 8,419,950	11,974,132 8,094,175	29,618,345 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	22,780,450 6,043,842	24,036,181 5,845,112	19,667,836 7,606,259	11,974,132 7,283,041	29,618,345 14,957,241
Net margin Median	18.56632% 4.62%	17.91942% 4.42%	15.25827% 5.16%	9.70832% 5.2%	19.37066% 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 ASCENSION SACRED HEART EMERALD COAST 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	19,179,582 23,241,334	17,901,280 23,709,545	18,111,607 24,248,380	16,929,750 22,858,541	16,428,704 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	19,179,582 21,577,146	17,901,280 22,041,594	18,111,607 22,722,063	16,929,750 21,570,441	16,428,704 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	11,856,658 11,160,864	13,392,592 11,987,345	13,388,541 12,926,866	13,062,087 11,884,480	15,160,444 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	11,856,658 10,918,923	13,392,592 11,706,976	13,388,541 12,615,917	13,062,087 11,458,116	15,160,444 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	364,335 594,888	390,826 595,761	367,115 577,894	298,743 542,168	382,570 549,667
Outlier Median	172,369 582,572	216,299 538,116	241,338 212,434	20,689 126,559	46,670 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	1,543,472 4,081,319	907,011 4,643,908	2,041,991 4,389,147
Charity care Median	7,759,097 2,654,636	10,021,588 2,940,659	10,036,130 3,380,215	8,761,662 3,488,738	8,206,210 3,233,405
Uncompensated care (UCC) Median	8,296,795 5,147,790	10,533,301 5,337,617	10,643,678 5,711,082	9,796,105 5,923,418	9,568,757 5,508,107
UCC as a % of operating expenses Median	8.30% 3.24	9.57% 3.12	9.74% 3.21	8.80% 3.3	7.76% 2.86
Total shortfall/UCC Median	8,296,795 9,489,989	10,533,301 9,424,297	12,187,150 10,120,158	10,703,116 11,171,337	11,610,748 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	29,242,801 52,142,039	29,557,985 54,485,252	30,330,063 57,395,589	32,123,406 58,830,919	35,048,504 61,722,907
Salaries as a % of operating expenses Median	29.27 36.68	26.85 36.56	27.77 36.37	28.85 35.93	28.43 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	820,047 1,449,244	947,138 1,475,986	405,673 1,563,078	0 1,721,954	157,764 2,991,828
Contract hours, direct-care Median	12,111.00 22,725	12,786.00 23,018.5	5,698.00 24,503.48	0.00 25,026.5	1,796.00 33,786
Contract wages, direct-care Median	67.71 64.67	74.08 64.53	71.20 65.06	0.00 68.97	87.84 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.