As of the July, 2022, release via CMS

HOLY CROSS HOSPITAL

CMS id: 140133
2701 WEST 68TH STREET, CHICAGO IL 60629. County: COOK
System: SINAI HEALTH SYSTEM
CBSA: Chicago-Naperville-Elgin, IL-IN-WI

The 155-bed, acute-care hospital had $-28,104,140 in net service to patients*, with a total profit margin of 1.15987% in fiscal year 2021, the latest year available.
It spent 15.35% of its operating expenses on uncompensated care and reported $17,829,889 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	196 118	199 118	201 119.5	135 118	135 119
Total beds Median	250 162	225 162	221 162	155 162	155 163.5
FTEs Median	880.00 788.06	859.00 793.42	774.00 806.03	686.05 787.61	554.23 804.34

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	130,220,127 150,932,746	120,429,001 158,950,878	128,493,001 168,696,998	67,009,575 163,454,693	69,611,733 186,589,412
Operating expenses Median	126,344,734 149,311,209	129,974,468 156,110,414	122,216,101 164,890,568	110,682,936 166,516,854	97,715,873 180,120,888
Net income from service 2 patients (NS2P) ? Median	3,875,393 -964,173	-9,545,467 -643,601.5	6,276,900 -116,254	-43,673,361 -5,025,862	-28,104,140 -1,284,564
NS2P margin ? Median	2.98% -0.62	-7.93% -0.29	4.89% 0.18	-65.17% -5.07	-40.37% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HOLY CROSS 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	4,720,944 5,089,215	5,940,000 4,572,541	2,808,000 5,268,134	19,596,542 13,092,619	29,250,820 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,500 224,999	1,000 199,009	5,000 206,870.5	0 194,343	100 249,496
⊳ Line 7: Investments ? ⊳ Median	2,138,120 299,524	565,000 188,688.5	564,000 370,813	869,438 309,361.5	988,861 375,329
⊳ 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	0	0	0	35,846	29,243
⊳ 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	781
⊳ Line 22: Rental of hospital space	0	0	0	0	504,541
⊳ 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	2,581,324	5,374,000	2,239,000	18,691,258	27,727,294
Total income ? Median	8,596,337 6,586,430	-3,605,467 6,767,106	9,084,900 8,419,950	-24,076,819 8,094,175	1,146,680 15,162,888
Non-operating expenses Median	13,317,972 146,289.5	870,747 164,857	27,188,000 89,880.5	0 106,761	0 31,473.5
Net income Median	-4,721,635 6,043,842	-4,476,214 5,845,112	-18,103,100 7,606,259	-24,076,819 7,283,041	1,146,680 14,957,241
Net margin Median	-3.49903% 4.62%	-3.54218% 4.42%	-13.78748% 5.16%	-27.80037% 5.2%	1.15987% 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 HOLY CROSS 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	29,715,846 23,241,334	25,883,114 23,709,545	24,211,949 24,248,380	19,844,203 22,858,541	15,256,089 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	27,297,425 21,577,146	25,279,540 22,041,594	24,211,949 22,722,063	19,844,203 21,570,441	15,256,089 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	2,418,421 3,535,627	603,574 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	4,056,128 11,160,864	4,205,929 11,987,345	4,719,256 12,926,866	3,226,404 11,884,480	2,372,519 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	4,056,128 10,918,923	4,205,929 11,706,976	4,719,256 12,615,917	3,226,404 11,458,116	2,372,519 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	110,515 3,508,953
Disproportionate-share hospital (DSH) Median	1,969,459 594,888	1,836,558 595,761	1,757,106 577,894	1,333,218 542,168	1,016,195 549,667
Outlier Median	194,839 582,572	144,705 538,116	110,939 212,434	22,088 126,559	14,188 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	10,165,835 4,081,319	17,665,222 4,643,908	17,829,889 4,389,147
Charity care Median	7,465,532 2,654,636	5,678,901 2,940,659	4,006,721 3,380,215	6,030,696 3,488,738	11,297,567 3,233,405
Uncompensated care (UCC) Median	10,231,270 5,147,790	7,233,224 5,337,617	9,301,682 5,711,082	11,606,094 5,923,418	15,002,706 5,508,107
UCC as a % of operating expenses Median	8.10% 3.24	5.57% 3.12	7.61% 3.21	10.49% 3.3	15.35% 2.86
Total shortfall/UCC Median	10,231,270 9,489,989	7,233,224 9,424,297	19,467,517 10,120,158	29,271,316 11,171,337	32,832,595 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	54,698,226 52,142,039	54,273,085 54,485,252	50,157,277 57,395,589	48,571,056 58,830,919	44,206,490 61,722,907
Salaries as a % of operating expenses Median	43.29 36.68	41.76 36.56	41.04 36.37	43.88 35.93	42.01 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	1,109,374 1,449,244	1,174,050 1,475,986	100,321 1,563,078	0 1,721,954	2,993,465 2,991,828
Contract hours, direct-care Median	15,778.00 22,725	17,106.00 23,018.5	1,420.00 24,503.48	0.00 25,026.5	28,173.00 33,786
Contract wages, direct-care Median	70.31 64.67	68.63 64.53	70.65 65.06	0.00 68.97	106.25 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.