As of the July, 2022, release via CMS

THOREK MEMORIAL HOSPITAL

CMS id: 140115
850 WEST IRVING PARK ROAD, CHICAGO IL 60613. County: COOK
System: THOREK HEALTH SYSTEM
CBSA: Chicago-Naperville-Elgin, IL-IN-WI

The 156-bed, acute-care hospital had $-15,342,609 in net service to patients*, with a total profit margin of 61.79577% in fiscal year 2021, the latest year available.
It spent 2.32% of its operating expenses on uncompensated care and reported $2,807,110 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	146 118	146 118	146 119.5	146 118	146 119
Total beds Median	156 162	156 162	156 162	156 162	156 163.5
FTEs Median	297.00 788.06	297.00 793.42	292.50 806.03	325.89 787.61	325.89 804.34

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	48,495,019 150,932,746	47,026,316 158,950,878	47,985,263 168,696,998	45,886,486 163,454,693	48,574,718 186,589,412
Operating expenses Median	58,943,383 149,311,209	60,663,219 156,110,414	58,386,471 164,890,568	60,427,720 166,516,854	63,917,327 180,120,888
Net income from service 2 patients (NS2P) ? Median	-10,448,364 -964,173	-13,636,903 -643,601.5	-10,401,208 -116,254	-14,541,234 -5,025,862	-15,342,609 -1,284,564
NS2P margin ? Median	-21.55% -0.62	-29.00% -0.29	-21.68% 0.18	-31.69% -5.07	-31.59% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for THOREK MEMORIAL 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	46,242,849 5,089,215	34,721,325 4,572,541	30,383,823 5,268,134	23,671,624 13,092,619	120,626,407 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	6,023,698 299,524	7,115,947 188,688.5	8,331,694 370,813	7,233,675 309,361.5	7,266,199 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	54	46	17	14	4,904
⊳ 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	95,625	92,486	89,237	78,062	79,745
⊳ 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	3,138	2,480	2,900	1,565	2,111
⊳ 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	1,055,186	1,250,869	1,148,555	1,027,196	964,809
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	6,606 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	39,065,148	26,252,891	20,811,420	15,331,112	112,308,639
Total income ? Median	35,794,485 6,586,430	21,084,422 6,767,106	19,982,615 8,419,950	9,130,390 8,094,175	105,283,798 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	659,918 106,761	724,666 31,473.5
Net income Median	35,794,485 6,043,842	21,084,422 5,845,112	19,982,615 7,606,259	8,470,472 7,283,041	104,559,132 14,957,241
Net margin Median	37.78266% 4.62%	25.79209% 4.42%	25.49808% 5.16%	12.17755% 5.2%	61.79577% 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 THOREK MEMORIAL 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	10,417,275 23,241,334	10,601,946 23,709,545	12,260,079 24,248,380	11,738,943 22,858,541	10,285,177 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	10,417,275 21,577,146	10,601,946 22,041,594	12,260,079 22,722,063	11,738,943 21,570,441	10,285,177 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	5,120,060 11,160,864	4,968,657 11,987,345	3,850,453 12,926,866	3,217,527 11,884,480	3,387,494 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	5,120,060 10,918,923	4,968,657 11,706,976	3,850,453 12,615,917	3,217,527 11,458,116	3,387,494 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	884,351 594,888	964,972 595,761	1,100,516 577,894	1,042,304 542,168	880,309 549,667
Outlier Median	28,950 582,572	21,269 538,116	78,374 212,434	7,824 126,559	24,035 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	2,796,119 4,081,319	2,864,585 4,643,908	2,807,110 4,389,147
Charity care Median	908,572 2,654,636	753,360 2,940,659	977,484 3,380,215	1,014,772 3,488,738	843,952 3,233,405
Uncompensated care (UCC) Median	1,648,545 5,147,790	1,586,809 5,337,617	1,784,884 5,711,082	1,759,226 5,923,418	1,479,726 5,508,107
UCC as a % of operating expenses Median	2.80% 3.24	2.62% 3.12	3.06% 3.21	2.91% 3.3	2.32% 2.86
Total shortfall/UCC Median	1,648,545 9,489,989	1,586,809 9,424,297	4,581,003 10,120,158	4,623,811 11,171,337	4,286,836 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	20,660,907 52,142,039	21,361,667 54,485,252	22,621,187 57,395,589	23,077,878 58,830,919	23,300,300 61,722,907
Salaries as a % of operating expenses Median	35.05 36.68	35.21 36.56	38.74 36.37	38.19 35.93	36.45 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	627,867 1,449,244	589,032 1,475,986	252,419 1,563,078	219,866 1,721,954	503,228 2,991,828
Contract hours, direct-care Median	9,500.00 22,725	9,430.00 23,018.5	4,729.00 24,503.48	4,333.78 25,026.5	5,825.00 33,786
Contract wages, direct-care Median	66.09 64.67	62.46 64.53	53.38 65.06	50.73 68.97	86.39 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.