As of the July, 2022, release via CMS

CAMBRIDGE HEALTH ALLIANCE

CMS id: 220011
350 MAIN STREET, MALDEN MA 2148. County: MIDDLESEX
System: --
CBSA: Boston-Cambridge-Newton, MA-NH

The 262-bed, acute-care hospital had $-428,642,187 in net service to patients*, with a total profit margin of 5.95801% in fiscal year 2021, the latest year available.
It spent 7.50% of its operating expenses on uncompensated care and reported $95,297,914 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	gov	gov	gov	gov	gov
Acute beds Median	180 118	182 118	182 119.5	182 118	182 119
Total beds Median	260 162	262 162	262 162	262 162	262 163.5
FTEs Median	3,345.87 788.06	3,475.59 793.42	3,611.01 806.03	3,671.61 787.61	3,727.17 804.34

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	351,485,396 150,932,746	360,676,529 158,950,878	335,044,688 168,696,998	315,524,661 163,454,693	358,619,637 186,589,412
Operating expenses Median	637,951,793 149,311,209	684,782,566 156,110,414	691,683,706 164,890,568	746,346,014 166,516,854	787,261,824 180,120,888
Net income from service 2 patients (NS2P) ? Median	-286,466,397 -964,173	-324,106,037 -643,601.5	-356,639,018 -116,254	-430,821,353 -5,025,862	-428,642,187 -1,284,564
NS2P margin ? Median	-81.50% -0.62	-89.86% -0.29	-106.45% 0.18	-136.54% -5.07	-119.53% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CAMBRIDGE HEALTH ALLIANCE 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	291,944,613 5,089,215	331,626,774 4,572,541	363,761,136 5,268,134	427,409,657 13,092,619	478,519,033 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	3,949,658 309,361.5	1,475,515 375,329
⊳ 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	16,638	25,222
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	0	2,156,077	1,769,966
⊳ 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	1,285,185	1,265,613
⊳ 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	35,192	23,515
⊳ 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	7,468	179
⊳ Line 22: Rental of hospital space	0	0	0	193,496	204,249
⊳ Line 23: Gov appropriations ? ⊳ Median	164,269,750 1,017,693	200,068,339 983,261.5	234,261,993 1,173,286	258,898,288 1,987,202	259,495,343 1,597,664
⊳ Sum Line 24	127,674,863	131,558,435	129,499,143	160,867,655	214,259,431
Total income ? Median	5,478,216 6,586,430	7,520,737 6,767,106	7,122,118 8,419,950	-3,411,696 8,094,175	49,876,846 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	5,478,216 6,043,842	7,520,737 5,845,112	7,122,118 7,606,259	-3,411,696 7,283,041	49,876,846 14,957,241
Net margin Median	0.85141% 4.62%	1.08634% 4.42%	1.01918% 5.16%	-0.45922% 5.2%	5.95801% 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 CAMBRIDGE HEALTH ALLIANCE 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	42,370,322 23,241,334	42,013,763 23,709,545	44,667,261 24,248,380	45,379,144 22,858,541	44,694,812 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	33,939,032 21,577,146	34,391,955 22,041,594	38,406,064 22,722,063	40,027,887 21,570,441	38,958,308 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	8,431,290 1,845,420	7,621,808 1,757,392	6,261,197 1,738,842	5,351,257 1,510,463	5,736,504 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	24,270,421 11,160,864	23,353,884 11,987,345	24,017,597 12,926,866	20,755,780 11,884,480	17,309,454 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	24,270,421 10,918,923	23,353,884 11,706,976	24,017,597 12,615,917	20,755,780 11,458,116	17,309,454 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	8,549,365 3,284,314	8,068,470 3,250,551	9,032,884 3,386,837	8,027,338 3,360,806	7,293,647 3,508,953
Disproportionate-share hospital (DSH) Median	1,773,757 594,888	1,708,796 595,761	1,578,364 577,894	1,431,102 542,168	1,603,935 549,667
Outlier Median	1,581,131 582,572	796,918 538,116	779,993 212,434	262,871 126,559	589,348 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	14,142,144 3,662,910	15,746,928 3,730,911	21,958,080 4,081,319	58,393,184 4,643,908	95,297,914 4,389,147
Charity care Median	21,150,428 2,654,636	21,471,027 2,940,659	35,354,815 3,380,215	18,621,963 3,488,738	45,522,997 3,233,405
Uncompensated care (UCC) Median	27,446,788 5,147,790	34,776,162 5,337,617	51,132,522 5,711,082	37,179,354 5,923,418	59,007,274 5,508,107
UCC as a % of operating expenses Median	4.30% 3.24	5.08% 3.12	7.39% 3.21	4.98% 3.3	7.50% 2.86
Total shortfall/UCC Median	41,588,932 9,489,989	50,523,090 9,424,297	73,090,602 10,120,158	95,572,538 11,171,337	154,305,188 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	324,442,987 52,142,039	347,268,257 54,485,252	366,531,625 57,395,589	390,049,276 58,830,919	396,846,662 61,722,907
Salaries as a % of operating expenses Median	53.98 36.68	53.18 36.56	52.99 36.37	52.26 35.93	50.41 35.24
Intern, resident salaries* Median	7,361,880 2,598,592	7,046,975 2,686,824	7,240,498 2,753,773	7,542,571 2,937,156	7,664,713 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	4,771,947 1,449,244	7,156,323 1,475,986	7,688,406 1,563,078	9,725,838 1,721,954	15,030,389 2,991,828
Contract hours, direct-care Median	64,544.80 22,725	93,650.57 23,018.5	96,815.00 24,503.48	103,695.00 25,026.5	178,649.52 33,786
Contract wages, direct-care Median	73.93 64.67	76.42 64.53	79.41 65.06	93.79 68.97	84.13 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.