As of the July, 2022, release via CMS

ASCENSION ST. VINCENT CARMEL

CMS id: 150157
13500 NORTH MERIDIAN STREET, CARMEL IN 46033. County: HAMILTON
System: ST. VINCENT HEALTH
CBSA: Indianapolis-Carmel-Anderson, IN

The 153-bed, acute-care hospital had $106,514,334 in net service to patients*, with a total profit margin of 45.80855% in fiscal year 2021, the latest year available.
It spent 2.49% of its operating expenses on uncompensated care and reported $9,653,008 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	128 118	128 118	128 119.5	128 118	128 119
Total beds Median	153 162	153 162	153 162	153 162	153 163.5
FTEs Median	578.27 788.06	519.95 793.42	457.59 806.03	468.79 787.61	449.83 804.34

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	218,922,648 150,932,746	218,122,014 158,950,878	228,033,473 168,696,998	222,089,065 163,454,693	248,016,551 186,589,412
Operating expenses Median	130,845,184 149,311,209	153,606,373 156,110,414	136,402,605 164,890,568	140,467,900 166,516,854	141,502,217 180,120,888
Net income from service 2 patients (NS2P) ? Median	88,077,464 -964,173	64,515,641 -643,601.5	91,630,868 -116,254	81,621,165 -5,025,862	106,514,334 -1,284,564
NS2P margin ? Median	40.23% -0.62	29.58% -0.29	40.18% 0.18	36.75% -5.07	42.95% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ASCENSION ST. VINCENT CARMEL 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	3,715,730 5,089,215	9,076,872 4,572,541	7,442,077 5,268,134	11,713,332 13,092,619	13,157,797 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	492,735	494,259	407,479	356,254	285,690
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	290,499	291,320	-154,055	247,566	245,970
⊳ Line 17: Revenue from sale of drugs to other than patients	0	1,220	0	0	831
⊳ Line 18: Revenue from sale of medical records and abstracts	486	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	1,375	4,439	2,625	4,071	6,921
⊳ Line 22: Rental of hospital space	641,001	739,844	742,179	705,733	786,315
⊳ 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	2,289,634	7,545,790	6,443,849	10,399,708	11,832,070
Total income ? Median	91,793,194 6,586,430	73,592,513 6,767,106	99,072,945 8,419,950	93,334,497 8,094,175	119,672,131 15,162,888
Non-operating expenses Median	5,810,123 146,289.5	249,618 164,857	1,586 89,880.5	1,332 106,761	31,949 31,473.5
Net income Median	85,983,071 6,043,842	73,342,895 5,845,112	99,071,359 7,606,259	93,333,165 7,283,041	119,640,182 14,957,241
Net margin Median	38.62006% 4.62%	32.28136% 4.42%	42.07289% 5.16%	39.91968% 5.2%	45.80855% 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 ASCENSION ST. VINCENT CARMEL 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	12,852,861 23,241,334	14,167,172 23,709,545	16,399,882 24,248,380	15,022,000 22,858,541	16,064,964 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	12,852,861 21,577,146	14,167,172 22,041,594	16,399,882 22,722,063	15,022,000 21,570,441	16,064,964 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	0 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	5,640,564 11,160,864	6,424,526 11,987,345	6,441,315 12,926,866	6,238,708 11,884,480	6,982,361 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	5,640,564 10,918,923	6,424,526 11,706,976	6,441,315 12,615,917	6,238,708 11,458,116	6,982,361 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	0 3,508,953
Disproportionate-share hospital (DSH) Median	127,933 594,888	95,160 595,761	155,568 577,894	129,501 542,168	153,229 549,667
Outlier Median	250,352 582,572	472,694 538,116	454,767 212,434	109,993 126,559	109,322 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,956,975 3,662,910	9,447,323 3,730,911	8,095,602 4,081,319	10,797,634 4,643,908	9,653,008 4,389,147
Charity care Median	6,002,887 2,654,636	7,439,700 2,940,659	4,896,152 3,380,215	4,467,307 3,488,738	2,283,543 3,233,405
Uncompensated care (UCC) Median	6,622,287 5,147,790	8,194,883 5,337,617	5,471,604 5,711,082	5,420,110 5,923,418	3,526,728 5,508,107
UCC as a % of operating expenses Median	5.06% 3.24	5.33% 3.12	4.01% 3.21	3.86% 3.3	2.49% 2.86
Total shortfall/UCC Median	14,579,262 9,489,989	17,642,206 9,424,297	13,567,206 10,120,158	16,217,744 11,171,337	13,179,736 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	43,177,334 52,142,039	40,257,570 54,485,252	35,084,105 57,395,589	36,464,139 58,830,919	35,827,775 61,722,907
Salaries as a % of operating expenses Median	32.70 36.68	26.21 36.56	25.72 36.37	25.96 35.93	25.32 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	342,815 1,449,244	492,485 1,475,986	486,590 1,563,078	676,624 1,721,954	594,506 2,991,828
Contract hours, direct-care Median	4,100.00 22,725	4,281.00 23,018.5	5,731.00 24,503.48	7,683.41 25,026.5	7,351.18 33,786
Contract wages, direct-care Median	83.61 64.67	115.04 64.53	84.90 65.06	88.06 68.97	80.87 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.