As of the July, 2022, release via CMS

PRESENCE RESURRECTION MEDICAL CENTER

CMS id: 140117
7435 WEST TALCOTT, CHICAGO IL 60631. County: COOK
System: PRSENCE CARE TRANSFORMATION CORP
CBSA: Chicago-Naperville-Elgin, IL-IN-WI

The 254-bed, acute-care hospital had $-17,773,068 in net service to patients*, with a total profit margin of 6.05527% in fiscal year 2021, the latest year available.
It spent 3.27% of its operating expenses on uncompensated care and reported $11,341,319 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	181	365	366	365
Ownership	nfp	nfp	nfp	nfp	nfp
Acute beds Median	186 118	186 118	186 119.5	186 118	166 119
Total beds Median	572 162	572 162	274 162	274 162	254 163.5
FTEs Median	1,523.40 788.06	1,419.91 793.42	1,197.89 806.03	1,068.83 787.61	1,079.07 804.34

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	291,501,195 150,932,746	142,947,861 158,950,878	276,114,261 168,696,998	266,337,132 163,454,693	282,527,538 186,589,412
Operating expenses Median	289,781,537 149,311,209	140,448,648 156,110,414	261,675,314 164,890,568	287,018,984 166,516,854	300,300,606 180,120,888
Net income from service 2 patients (NS2P) ? Median	1,719,658 -964,173	2,499,213 -643,601.5	14,438,947 -116,254	-20,681,852 -5,025,862	-17,773,068 -1,284,564
NS2P margin ? Median	0.59% -0.62	1.75% -0.29	5.23% 0.18	-7.77% -5.07	-6.29% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PRESENCE RESURRECTION MEDICAL CENTER 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	6,942,677 5,089,215	2,837,006 4,572,541	2,939,664 5,268,134	8,496,074 13,092,619	37,129,049 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	14,220 224,999	1,310 199,009	1,500 206,870.5	105,789 194,343	0 249,496
⊳ 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	19,149	6,804	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,118,055	545,544	974,704	1,006,602	966,344
⊳ 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	0	0	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	2,851	1,597	252,233	503,369	332,117
⊳ Line 23: Gov appropriations ? ⊳ Median	198,012 1,017,693	126,584 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	5,590,390	2,155,167	1,711,227	6,880,314	35,830,588
Total income ? Median	8,662,335 6,586,430	5,336,219 6,767,106	17,378,611 8,419,950	-12,185,778 8,094,175	19,355,981 15,162,888
Non-operating expenses Median	-227,593 146,289.5	-85,244 164,857	0 89,880.5	0 106,761	-104 31,473.5
Net income Median	8,889,928 6,043,842	5,421,463 5,845,112	17,378,611 7,606,259	-12,185,778 7,283,041	19,356,085 14,957,241
Net margin Median	2.97876% 4.62%	3.71881% 4.42%	6.22769% 5.16%	-4.43388% 5.2%	6.05527% 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 PRESENCE RESURRECTION MEDICAL CENTER 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	98,492,590 23,241,334	51,597,925 23,709,545	89,172,049 24,248,380	88,973,040 22,858,541	89,901,565 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	77,442,877 21,577,146	40,392,939 22,041,594	77,338,208 22,722,063	76,981,657 21,570,441	80,498,319 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	12,011,460 3,535,627	6,883,205 3,746,588	11,833,841 3,782,288	11,991,383 3,865,578	9,403,246 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	9,038,253 1,203,033	4,321,781 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	23,167,475 11,160,864	10,925,142 11,987,345	21,312,185 12,926,866	17,626,659 11,884,480	20,257,235 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	23,167,475 10,918,923	10,925,142 11,706,976	21,312,185 12,615,917	17,626,659 11,458,116	20,257,235 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	13,944,285 3,284,314	7,292,178 3,250,551	14,064,222 3,386,837	13,771,079 3,360,806	13,555,233 3,508,953
Disproportionate-share hospital (DSH) Median	628,674 594,888	296,918 595,761	532,040 577,894	536,460 542,168	697,699 549,667
Outlier Median	917,285 582,572	817,393 538,116	825,647 212,434	146,711 126,559	439,438 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	989,238 3,662,910	9,098,156 3,730,911	10,379,878 4,081,319	17,262,467 4,643,908	11,341,319 4,389,147
Charity care Median	4,112,899 2,654,636	2,277,700 2,940,659	6,335,201 3,380,215	7,688,297 3,488,738	8,917,734 3,233,405
Uncompensated care (UCC) Median	5,119,060 5,147,790	3,663,167 5,337,617	7,560,167 5,711,082	9,261,440 5,923,418	9,816,330 5,508,107
UCC as a % of operating expenses Median	1.77% 3.24	2.61% 3.12	2.89% 3.21	3.23% 3.3	3.27% 2.86
Total shortfall/UCC Median	6,108,298 9,489,989	12,761,323 9,424,297	17,940,045 10,120,158	26,523,907 11,171,337	21,157,649 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	97,444,611 52,142,039	47,594,281 54,485,252	84,280,145 57,395,589	85,085,878 58,830,919	93,135,466 61,722,907
Salaries as a % of operating expenses Median	33.63 36.68	33.89 36.56	32.21 36.37	29.64 35.93	31.01 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	6,821,346 1,449,244	2,397,051 1,475,986	5,327,810 1,563,078	3,490,780 1,721,954	8,715,498 2,991,828
Contract hours, direct-care Median	150,261.00 22,725	65,280.00 23,018.5	142,620.00 24,503.48	39,880.00 25,026.5	39,460.00 33,786
Contract wages, direct-care Median	45.40 64.67	36.72 64.53	37.36 65.06	87.53 68.97	220.87 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.