As of the July, 2022, release via CMS

SILVER CROSS HOSPITAL

CMS id: 140213
1900 SILVER CROSS BLVD., NEW LENOX IL 60451. County: WILL
System: SILVER CROSS HOSPITAL HOME OFFICE
CBSA: Chicago-Naperville-Elgin, IL-IN-WI

The 300-bed, acute-care hospital had $25,914,227 in net service to patients*, with a total profit margin of 16.84553% in fiscal year 2021, the latest year available.
It spent 2.22% of its operating expenses on uncompensated care and reported $11,075,436 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	229 118	229 118	229 119.5	245 118	242 119
Total beds Median	302 162	302 162	284 162	300 162	300 163.5
FTEs Median	1,875.70 788.06	1,863.27 793.42	1,902.56 806.03	1,909.81 787.61	2,004.75 804.34

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	385,374,673 150,932,746	418,495,041 158,950,878	436,553,887 168,696,998	430,252,246 163,454,693	470,494,888 186,589,412
Operating expenses Median	363,221,817 149,311,209	370,457,674 156,110,414	385,920,306 164,890,568	398,747,652 166,516,854	444,580,661 180,120,888
Net income from service 2 patients (NS2P) ? Median	22,152,856 -964,173	48,037,367 -643,601.5	50,633,581 -116,254	31,504,594 -5,025,862	25,914,227 -1,284,564
NS2P margin ? Median	5.75% -0.62	11.48% -0.29	11.60% 0.18	7.32% -5.07	5.51% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for SILVER 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	10,762,240 5,089,215	17,704,174 4,572,541	17,620,236 5,268,134	56,226,478 13,092,619	78,357,794 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	10,762,240	17,704,174	17,620,236	56,226,478	78,357,794
Total income ? Median	32,915,096 6,586,430	65,741,541 6,767,106	68,253,817 8,419,950	87,731,072 8,094,175	104,272,021 15,162,888
Non-operating expenses Median	0 146,289.5	39,284,541 164,857	35,917,817 89,880.5	35,748,519 106,761	11,814,886 31,473.5
Net income Median	32,915,096 6,043,842	26,457,000 5,845,112	32,336,000 7,606,259	51,982,553 7,283,041	92,457,135 14,957,241
Net margin Median	8.30902% 4.62%	6.06535% 4.42%	7.11974% 5.16%	10.68547% 5.2%	16.84553% 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 SILVER 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	74,320,875 23,241,334	77,420,430 23,709,545	80,412,467 24,248,380	84,888,597 22,858,541	92,158,058 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	65,030,784 21,577,146	67,454,668 22,041,594	71,987,884 22,722,063	74,961,886 21,570,441	81,277,751 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	1,172,009 1,845,420	932,623 1,757,392	324,033 1,738,842	0 1,510,463	0 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	8,118,082 3,535,627	9,033,139 3,746,588	8,100,550 3,782,288	9,926,711 3,865,578	10,880,307 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	32,695,722 11,160,864	34,781,244 11,987,345	37,327,379 12,926,866	35,347,643 11,884,480	40,817,263 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	29,691,958 10,918,923	31,817,541 11,706,976	34,257,367 12,615,917	32,934,019 11,458,116	38,036,349 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	3,003,764 1,282,808	2,963,703 1,407,728	3,070,012 1,341,512	2,413,624 1,407,046	2,780,914 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	538,010 594,888	460,943 595,761	568,527 577,894	634,479 542,168	643,765 549,667
Outlier Median	1,556,378 582,572	757,309 538,116	353,592 212,434	222,586 126,559	319,883 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	133,194 3,662,910	0 3,730,911	5,648,609 4,081,319	4,635,087 4,643,908	11,075,436 4,389,147
Charity care Median	6,680,053 2,654,636	9,911,178 2,940,659	8,878,141 3,380,215	8,960,112 3,488,738	6,485,309 3,233,405
Uncompensated care (UCC) Median	9,894,644 5,147,790	13,290,538 5,337,617	12,758,110 5,711,082	13,534,890 5,923,418	9,862,768 5,508,107
UCC as a % of operating expenses Median	2.72% 3.24	3.59% 3.12	3.31% 3.21	3.39% 3.3	2.22% 2.86
Total shortfall/UCC Median	10,027,838 9,489,989	13,290,538 9,424,297	18,406,719 10,120,158	18,169,977 11,171,337	20,938,204 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	125,603,268 52,142,039	127,586,467 54,485,252	134,472,484 57,395,589	138,716,577 58,830,919	150,491,380 61,722,907
Salaries as a % of operating expenses Median	34.58 36.68	34.44 36.56	34.84 36.37	34.79 35.93	33.85 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	3,055,575 1,449,244	2,239,992 1,475,986	2,590,809 1,563,078	2,033,272 1,721,954	6,997,163 2,991,828
Contract hours, direct-care Median	49,355.00 22,725	35,470.00 23,018.5	39,459.00 24,503.48	28,221.64 25,026.5	70,025.48 33,786
Contract wages, direct-care Median	61.91 64.67	63.15 64.53	65.66 65.06	72.05 68.97	99.92 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.