As of the July, 2022, release via CMS

RIVERSIDE MEDICAL CENTER

CMS id: 140186
350 NORTH WALL STREET, KANKAKEE IL 60901. County: KANKAKEE
System: --
CBSA: Kankakee, IL

The 300-bed, acute-care hospital had $-1,342,520 in net service to patients*, with a total profit margin of 10.62706% in fiscal year 2021, the latest year available.
It spent 2.77% of its operating expenses on uncompensated care and reported $1,761,003 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	260 118	260 118	225 119.5	225 118	225 119
Total beds Median	335 162	335 162	300 162	300 162	300 163.5
FTEs Median	2,011.36 788.06	2,131.45 793.42	2,200.36 806.03	2,036.77 787.61	2,100.99 804.34

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	325,642,145 150,932,746	350,885,281 158,950,878	374,343,125 168,696,998	356,293,454 163,454,693	396,066,332 186,589,412
Operating expenses Median	322,801,111 149,311,209	343,332,302 156,110,414	366,598,887 164,890,568	370,593,936 166,516,854	397,408,852 180,120,888
Net income from service 2 patients (NS2P) ? Median	2,841,034 -964,173	7,552,979 -643,601.5	7,744,238 -116,254	-14,300,482 -5,025,862	-1,342,520 -1,284,564
NS2P margin ? Median	0.87% -0.62	2.15% -0.29	2.07% 0.18	-4.01% -5.07	-0.34% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for RIVERSIDE 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	39,305,708 5,089,215	-8,509,509 4,572,541	46,337,395 5,268,134	32,714,047 13,092,619	48,597,153 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	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	0	0	0	0	0
⊳ 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	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	39,305,708	-8,509,509	46,337,395	32,714,047	48,597,153
Total income ? Median	42,146,742 6,586,430	-956,530 6,767,106	54,081,633 8,419,950	18,413,565 8,094,175	47,254,633 15,162,888
Non-operating expenses Median	1,606 146,289.5	603 164,857	5 89,880.5	0 106,761	-19 31,473.5
Net income Median	42,145,136 6,043,842	-957,133 5,845,112	54,081,628 7,606,259	18,413,565 7,283,041	47,254,652 14,957,241
Net margin Median	11.54826% 4.62%	-0.27956% 4.42%	12.85575% 5.16%	4.73347% 5.2%	10.62706% 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 RIVERSIDE 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	62,133,843 23,241,334	68,612,165 23,709,545	66,762,071 24,248,380	60,364,845 22,858,541	58,327,281 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	49,423,412 21,577,146	55,225,362 22,041,594	53,435,296 22,722,063	46,447,781 21,570,441	45,271,139 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	1,884,228 1,845,420	1,907,319 1,757,392	1,710,252 1,738,842	1,968,811 1,510,463	1,466,461 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	10,826,203 3,535,627	11,479,484 3,746,588	11,616,523 3,782,288	11,948,253 3,865,578	11,589,681 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	40,472,238 11,160,864	44,391,758 11,987,345	46,866,103 12,926,866	42,679,361 11,884,480	43,395,303 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	37,175,250 10,918,923	41,048,041 11,706,976	43,590,990 12,615,917	39,744,471 11,458,116	40,845,471 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	3,270,515 1,282,808	3,280,651 1,407,728	3,154,765 1,341,512	2,896,794 1,407,046	2,518,862 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	26,473 618,038	63,066 697,279	120,348 690,232	38,096 684,010	30,970 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	2,065,467 3,284,314	2,442,238 3,250,551	2,537,222 3,386,837	2,474,476 3,360,806	2,422,352 3,508,953
Disproportionate-share hospital (DSH) Median	1,840,674 594,888	1,913,707 595,761	1,786,598 577,894	1,706,398 542,168	1,792,368 549,667
Outlier Median	492,207 582,572	709,820 538,116	281,752 212,434	275,740 126,559	434,698 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	5,855,186 3,662,910	2,238,499 3,730,911	3,234,467 4,081,319	5,200,213 4,643,908	1,761,003 4,389,147
Charity care Median	4,403,491 2,654,636	3,909,828 2,940,659	5,242,142 3,380,215	8,779,849 3,488,738	7,151,687 3,233,405
Uncompensated care (UCC) Median	6,006,924 5,147,790	6,612,019 5,337,617	8,571,702 5,711,082	12,561,464 5,923,418	11,019,903 5,508,107
UCC as a % of operating expenses Median	1.86% 3.24	1.93% 3.12	2.34% 3.21	3.39% 3.3	2.77% 2.86
Total shortfall/UCC Median	11,862,110 9,489,989	8,850,518 9,424,297	11,806,169 10,120,158	17,761,677 11,171,337	12,780,906 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	134,796,995 52,142,039	150,644,247 54,485,252	165,196,513 57,395,589	159,430,193 58,830,919	168,712,246 61,722,907
Salaries as a % of operating expenses Median	42.13 36.68	44.20 36.56	45.43 36.37	43.33 35.93	42.80 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	696,788 2,753,773	1,474,745 2,937,156	1,739,937 2,909,848
Contract intern, resident salaries* Median	782,278 1,251,927	1,509,661 1,186,494	802,300 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	2,185,485 1,449,244	3,819,156 1,475,986	2,526,446 1,563,078	1,587,424 1,721,954	1,280,667 2,991,828
Contract hours, direct-care Median	37,511.00 22,725	64,506.00 23,018.5	43,873.00 24,503.48	19,360.00 25,026.5	13,799.00 33,786
Contract wages, direct-care Median	58.26 64.67	59.21 64.53	57.59 65.06	82.00 68.97	92.81 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.