As of the July, 2022, release via CMS

LOYOLA UNIVERSITY MEDICAL CENTER

CMS id: 140276
2160 SOUTH FIRST AVENUE, MAYWOOD IL 60153. County: COOK
System: TRINITY HEALTH HOME OFFICE
CBSA: Chicago-Naperville-Elgin, IL-IN-WI

The 516-bed, acute-care hospital had $-63,297,469 in net service to patients*, with a total profit margin of 7.08355% in fiscal year 2021, the latest year available.
It spent 1.66% of its operating expenses on uncompensated care and reported $577,257 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	363 118	363 118	345 119.5	345 118	344 119
Total beds Median	532 162	532 162	515 162	517 162	516 163.5
FTEs Median	6,177.50 788.06	6,151.32 793.42	6,034.49 806.03	5,460.11 787.61	5,094.04 804.34

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	1,102,008,411 150,932,746	1,130,813,116 158,950,878	1,198,300,774 168,696,998	1,214,229,323 163,454,693	1,316,022,888 186,589,412
Operating expenses Median	1,235,309,091 149,311,209	1,259,409,620 156,110,414	1,332,796,622 164,890,568	1,401,184,794 166,516,854	1,379,320,357 180,120,888
Net income from service 2 patients (NS2P) ? Median	-133,300,680 -964,173	-128,596,504 -643,601.5	-134,495,848 -116,254	-186,955,471 -5,025,862	-63,297,469 -1,284,564
NS2P margin ? Median	-12.10% -0.62	-11.37% -0.29	-11.22% 0.18	-15.40% -5.07	-4.81% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LOYOLA UNIVERSITY 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	148,424,411 5,089,215	130,699,479 4,572,541	159,785,851 5,268,134	271,395,309 13,092,619	168,450,906 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	13,855,407 299,524	12,823,462 188,688.5	3,101,303 370,813	-18,157 309,361.5	32,113,056 375,329
⊳ 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	4,274,853	3,712,723	4,071,123	4,064,398	-10
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	418,552	411,473	1,918,932	2,326,652	2,120,649
⊳ 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	37,140	49,699	83,170	15,254	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	52,072	59,402	44,304	74,127	59,214
⊳ Line 22: Rental of hospital space	0	0	0	37,800	68,803
⊳ 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	129,786,387	113,642,720	150,567,019	264,895,235	134,089,194
Total income ? Median	15,123,731 6,586,430	2,102,975 6,767,106	25,290,003 8,419,950	84,439,838 8,094,175	105,153,437 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	15,123,731 6,043,842	2,102,975 5,845,112	25,290,003 7,606,259	84,439,838 7,283,041	105,153,437 14,957,241
Net margin Median	1.20948% 4.62%	0.16670% 4.42%	1.86218% 5.16%	5.68379% 5.2%	7.08355% 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 LOYOLA UNIVERSITY 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	165,619,537 23,241,334	168,255,013 23,709,545	185,106,414 24,248,380	185,114,727 22,858,541	190,075,878 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	165,574,309 21,577,146	168,255,013 22,041,594	185,106,414 22,722,063	185,114,727 21,570,441	190,075,878 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	45,228 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	102,549,918 11,160,864	105,264,981 11,987,345	106,736,584 12,926,866	101,917,518 11,884,480	100,571,748 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	102,549,918 10,918,923	105,264,981 11,706,976	106,736,584 12,615,917	101,917,518 11,458,116	100,571,748 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	40,049,222 3,284,314	40,132,163 3,250,551	47,825,710 3,386,837	49,270,000 3,360,806	49,440,712 3,508,953
Disproportionate-share hospital (DSH) Median	3,350,984 594,888	3,044,773 595,761	2,862,388 577,894	3,035,361 542,168	3,235,592 549,667
Outlier Median	6,711,645 582,572	8,871,697 538,116	8,467,698 212,434	785,344 126,559	962,927 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	17,227,916 3,662,910	62,298,842 3,730,911	38,305,403 4,081,319	6,140,735 4,643,908	577,257 4,389,147
Charity care Median	10,656,370 2,654,636	9,066,438 2,940,659	11,261,277 3,380,215	10,215,301 3,488,738	15,679,322 3,233,405
Uncompensated care (UCC) Median	18,821,348 5,147,790	15,298,756 5,337,617	19,156,886 5,711,082	19,570,417 5,923,418	22,921,742 5,508,107
UCC as a % of operating expenses Median	1.52% 3.24	1.21% 3.12	1.44% 3.21	1.40% 3.3	1.66% 2.86
Total shortfall/UCC Median	36,049,264 9,489,989	77,597,598 9,424,297	57,462,289 10,120,158	25,711,152 11,171,337	23,498,999 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	581,322,740 52,142,039	595,932,605 54,485,252	601,665,027 57,395,589	568,811,297 58,830,919	561,328,401 61,722,907
Salaries as a % of operating expenses Median	47.06 36.68	47.32 36.56	45.14 36.37	40.60 35.93	40.70 35.24
Intern, resident salaries* Median	37,080,477 2,598,592	37,383,594 2,686,824	38,908,305 2,753,773	38,831,911 2,937,156	41,438,730 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	162,144 1,449,244	123,898 1,475,986	253,250 1,563,078	301,008 1,721,954	0 2,991,828
Contract hours, direct-care Median	3,781.00 22,725	3,468.62 23,018.5	4,816.73 24,503.48	4,963.00 25,026.5	0.00 33,786
Contract wages, direct-care Median	42.88 64.67	35.72 64.53	52.58 65.06	60.65 68.97	0.00 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.