As of the July, 2022, release via CMS

MERCY ST. ANNE HOSPITAL

CMS id: 360262
3404 W. SYLVANIA AVE, TOLEDO OH 43623. County: LUCAS
System: BON SECOURS MERCY HEALTH
CBSA: Toledo, OH

The 128-bed, acute-care hospital had $14,964,359 in net service to patients*, with a total profit margin of 10.99739% in fiscal year 2021, the latest year available.
It spent 2.72% of its operating expenses on uncompensated care and reported $8,517,519 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	94 118	94 118	102 119.5	106 118	106 119
Total beds Median	123 162	123 162	124 162	128 162	128 163.5
FTEs Median	498.44 788.06	528.17 793.42	504.18 806.03	477.05 787.61	489.43 804.34

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	130,780,437 150,932,746	126,490,924 158,950,878	127,739,239 168,696,998	125,115,448 163,454,693	144,653,300 186,589,412
Operating expenses Median	119,903,306 149,311,209	116,764,183 156,110,414	116,145,402 164,890,568	118,094,515 166,516,854	129,688,941 180,120,888
Net income from service 2 patients (NS2P) ? Median	10,877,131 -964,173	9,726,741 -643,601.5	11,593,837 -116,254	7,020,933 -5,025,862	14,964,359 -1,284,564
NS2P margin ? Median	8.32% -0.62	7.69% -0.29	9.08% 0.18	5.61% -5.07	10.34% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MERCY ST. ANNE 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	971,325 5,089,215	1,243,600 4,572,541	1,135,880 5,268,134	8,303,969 13,092,619	1,060,343 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	92,749 224,999	88,534 199,009	75,163 206,870.5	32,206 194,343	44,994 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	21,731 188,688.5	34,668 370,813	32,992 309,361.5	50,460 375,329
⊳ 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	335,425	328,709	348,855	249,921	292,160
⊳ 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	3,269	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	539,882	804,626	677,194	7,988,850	672,729
Total income ? Median	11,848,456 6,586,430	10,970,341 6,767,106	12,729,717 8,419,950	15,324,902 8,094,175	16,024,702 15,162,888
Non-operating expenses Median	28,748 146,289.5	4,389 164,857	55,766 89,880.5	-75,440 106,761	0 31,473.5
Net income Median	11,819,708 6,043,842	10,965,952 5,845,112	12,673,951 7,606,259	15,400,342 7,283,041	16,024,702 14,957,241
Net margin Median	8.97120% 4.62%	8.58496% 4.42%	9.83429% 5.16%	11.54280% 5.2%	10.99739% 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 MERCY ST. ANNE 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	20,251,069 23,241,334	18,730,522 23,709,545	18,764,995 24,248,380	17,170,045 22,858,541	16,372,736 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	20,251,069 21,577,146	18,730,522 22,041,594	18,764,995 22,722,063	17,170,045 21,570,441	16,372,736 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	10,729,068 11,160,864	8,694,228 11,987,345	9,068,702 12,926,866	8,586,085 11,884,480	9,317,139 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	10,729,068 10,918,923	8,694,228 11,706,976	9,068,702 12,615,917	8,586,085 11,458,116	9,317,139 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	519,581 3,284,314	554,827 3,250,551	540,149 3,386,837	582,218 3,360,806	521,919 3,508,953
Disproportionate-share hospital (DSH) Median	335,866 594,888	235,806 595,761	230,185 577,894	200,432 542,168	223,022 549,667
Outlier Median	1,221,698 582,572	1,088,436 538,116	144,263 212,434	62,830 126,559	49,428 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,387,767 3,662,910	7,128,546 3,730,911	6,698,308 4,081,319	8,408,336 4,643,908	8,517,519 4,389,147
Charity care Median	2,535,032 2,654,636	2,151,998 2,940,659	2,164,151 3,380,215	1,710,881 3,488,738	1,611,544 3,233,405
Uncompensated care (UCC) Median	5,542,622 5,147,790	4,130,208 5,337,617	4,398,834 5,711,082	4,146,993 5,923,418	3,532,649 5,508,107
UCC as a % of operating expenses Median	4.62% 3.24	3.54% 3.12	3.79% 3.21	3.51% 3.3	2.72% 2.86
Total shortfall/UCC Median	12,930,389 9,489,989	11,258,754 9,424,297	11,097,142 10,120,158	12,555,329 11,171,337	12,050,168 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	34,437,158 52,142,039	33,804,894 54,485,252	33,604,208 57,395,589	33,114,773 58,830,919	35,421,689 61,722,907
Salaries as a % of operating expenses Median	28.71 36.68	28.95 36.56	28.93 36.37	28.04 35.93	27.31 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	471,478 1,251,927	183,176 1,186,494	291,134 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	1,163,697 1,449,244	1,348,757 1,475,986	934,339 1,563,078	342,423 1,721,954	2,701,602 2,991,828
Contract hours, direct-care Median	17,681.88 22,725	24,738.00 23,018.5	17,219.01 24,503.48	5,121.42 25,026.5	20,601.51 33,786
Contract wages, direct-care Median	65.81 64.67	54.52 64.53	54.26 65.06	66.86 68.97	131.14 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.