As of the July, 2022, release via CMS

LAKE CHARLES MEMORIAL HOSPITAL

CMS id: 190060
1701 OAK PARK BOULEVARD, LAKE CHARLES LA 70601. County: CALCASIEU PARISH
System: --
CBSA: Lake Charles, LA

The 324-bed, acute-care hospital had $-63,185,443 in net service to patients*, with a total profit margin of 10.43428% in fiscal year 2020, the latest year available.
It spent 4.22% of its operating expenses on uncompensated care and reported $142,834 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	--
Ownership	nfp	nfp	nfp	nfp	--
Acute beds Median	220 118	239 118	158 119.5	183 118	-- 119
Total beds Median	313 162	374 162	312 162	324 162	-- 163.5
FTEs Median	1,818.25 788.06	1,921.56 793.42	1,876.68 806.03	1,819.53 787.61	-- 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	290,624,718 150,932,746	307,759,343 158,950,878	322,434,558 168,696,998	263,365,038 163,454,693	-- 186,589,412
Operating expenses Median	286,592,964 149,311,209	298,123,182 156,110,414	313,219,462 164,890,568	326,550,481 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	4,031,754 -964,173	9,636,161 -643,601.5	9,215,096 -116,254	-63,185,443 -5,025,862	-- -1,284,564
NS2P margin ? Median	1.39% -0.62	3.13% -0.29	2.86% 0.18	-23.99% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LAKE CHARLES MEMORIAL 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	17,153,493 5,089,215	20,701,197 4,572,541	25,749,899 5,268,134	116,833,451 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	871,640 224,999	293,916 199,009	729,700 206,870.5	836,981 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	614,658 299,524	582,210 188,688.5	1,181,498 370,813	465,975 309,361.5	-- 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	--
⊳ Line 11: Rebates and refunds of expenses	0	0	889,147	0	--
⊳ Line 12: Parking lot receipts	0	0	0	0	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,621,435	1,707,992	1,800,140	1,190,421	--
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	--
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	--
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	0	--
⊳ Line 18: Revenue from sale of medical records and abstracts	44,999	6,877	20,421	15,011	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	--
⊳ Line 21: Rental of vending machines	49,460	58,017	63,207	24,416	--
⊳ Line 22: Rental of hospital space	1,578,127	1,684,083	1,688,503	1,903,781	--
⊳ Line 23: Gov appropriations ? ⊳ Median	404,421 1,017,693	471,236 983,261.5	422,802 1,173,286	246,199 1,987,202	-- 1,597,664
⊳ Sum Line 24	11,968,753	15,896,866	18,954,481	112,150,667	--
Total income ? Median	21,185,247 6,586,430	30,337,358 6,767,106	34,964,995 8,419,950	53,648,008 8,094,175	-- 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	2,547,962 89,880.5	13,977,037 106,761	-- 31,473.5
Net income Median	21,185,247 6,043,842	30,337,358 5,845,112	32,417,033 7,606,259	39,670,971 7,283,041	-- 14,957,241
Net margin Median	6.88328% 4.62%	9.23623% 4.42%	9.31030% 5.16%	10.43428% 5.2%	--% 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 LAKE CHARLES MEMORIAL 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	54,520,723 23,241,334	55,809,496 23,709,545	59,654,023 24,248,380	51,161,098 22,858,541	-- 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	47,965,975 21,577,146	49,964,429 22,041,594	51,305,703 22,722,063	45,188,537 21,570,441	-- 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Inpatient psychiatric facility (IPF) ⊳ Median	1,899,305 1,845,420	2,042,364 1,757,392	4,307,995 1,738,842	2,373,798 1,510,463	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	4,655,443 3,535,627	3,802,703 3,746,588	4,040,325 3,782,288	3,598,763 3,865,578	-- 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Critical-access hospitals ⊳ Median	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	-- 1,179,746
All outpatient revenue Median Click here to show/hide details	38,797,389 11,160,864	42,733,034 11,987,345	45,673,213 12,926,866	35,455,806 11,884,480	-- 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	36,684,756 10,918,923	40,523,017 11,706,976	43,439,973 12,615,917	33,441,097 11,458,116	-- 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	2,030,466 1,282,808	2,128,166 1,407,728	2,133,055 1,341,512	1,953,980 1,407,046	-- 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Rural health clinics ⊳ Median	82,167 618,038	81,851 697,279	100,185 690,232	60,729 684,010	-- 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	-- --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	1,888,811 3,284,314	1,772,403 3,250,551	1,797,701 3,386,837	1,856,671 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	2,841,508 594,888	2,999,772 595,761	2,263,534 577,894	1,858,472 542,168	-- 549,667
Outlier Median	1,225,908 582,572	911,297 538,116	155,137 212,434	125,866 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	133,935 3,662,910	110,698 3,730,911	355,300 4,081,319	142,834 4,643,908	-- 4,389,147
Charity care Median	6,047,747 2,654,636	8,437,831 2,940,659	6,184,101 3,380,215	4,759,802 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	13,684,958 5,147,790	17,095,003 5,337,617	16,129,505 5,711,082	13,775,996 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	4.78% 3.24	5.73% 3.12	5.15% 3.21	4.22% 3.3	--% 2.86
Total shortfall/UCC Median	13,818,893 9,489,989	17,205,701 9,424,297	16,484,805 10,120,158	13,918,830 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	94,720,499 52,142,039	98,794,707 54,485,252	105,825,097 57,395,589	106,241,169 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	33.05 36.68	33.14 36.56	33.79 36.37	32.53 35.93	-- 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 2,937,156	-- 2,909,848
Contract intern, resident salaries* Median	1,386,618 1,251,927	1,370,595 1,186,494	1,302,570 1,204,885	1,307,006 1,279,653	-- 1,469,317
Contract adjusted salaries, direct-care Median	10,315,456 1,449,244	11,226,304 1,475,986	12,557,568 1,563,078	10,538,940 1,721,954	-- 2,991,828
Contract hours, direct-care Median	202,619.68 22,725	217,073.24 23,018.5	227,715.25 24,503.48	221,513.87 25,026.5	-- 33,786
Contract wages, direct-care Median	50.91 64.67	51.72 64.53	55.15 65.06	47.58 68.97	-- 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.