As of the July, 2022, release via CMS

CORPORACION DEL CENTRO CARDIOVASCULA

CMS id: 400124
CENTRO MEDICO, RIO PIEDRAS PR 936. County: SAN JUAN
System: --
CBSA: San Juan-Bayamon-Caguas, PR

The 164-bed, acute-care hospital had $-9,407,051 in net service to patients*, with a total profit margin of 5.68926% in fiscal year 2021, the latest year available.
It spent 1.32% of its operating expenses on uncompensated care and reported $0 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	forprofit	forprofit	forprofit	forprofit
Acute beds Median	71 118	114 118	114 119.5	114 118	114 119
Total beds Median	158 162	164 162	164 162	164 162	164 163.5
FTEs Median	506.56 788.06	479.64 793.42	523.97 806.03	536.02 787.61	477.69 804.34

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	76,779,963 150,932,746	75,497,591 158,950,878	73,251,863 168,696,998	91,686,061 163,454,693	65,051,451 186,589,412
Operating expenses Median	88,930,638 149,311,209	86,131,124 156,110,414	78,857,212 164,890,568	92,202,055 166,516,854	74,458,502 180,120,888
Net income from service 2 patients (NS2P) ? Median	-12,150,675 -964,173	-10,633,533 -643,601.5	-5,605,349 -116,254	-515,994 -5,025,862	-9,407,051 -1,284,564
NS2P margin ? Median	-15.83% -0.62	-14.08% -0.29	-7.65% 0.18	-0.56% -5.07	-14.46% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CORPORACION DEL CENTRO CARDIOVASCULA 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	2,091,028 5,089,215	1,473,671 4,572,541	1,027,067 5,268,134	1,344,510 13,092,619	13,898,734 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	5,575 224,999	61,425 199,009	0 206,870.5	0 194,343	700 249,496
⊳ Line 7: Investments ? ⊳ Median	24 299,524	47,731 188,688.5	52,584 370,813	147,717 309,361.5	37,673 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	27,3--0	27,3--0	--	26,4--0	--
⊳ Line 10: Purchase discounts	0	25,111	76,167	91,132	161,338
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	403,593	372,925	403,356	404,836	0
⊳ 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	0	0
⊳ 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	7,178	7,624	180,403	7,057	7,074
⊳ 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	16,545	16,928	13,042	19,607	7,470
⊳ Line 22: Rental of hospital space	0	0	0	0	1,338,135
⊳ 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	1,630,813	914,627	301,515	647,761	12,346,344
Total income ? Median	-10,059,647 6,586,430	-9,159,862 6,767,106	-4,578,282 8,419,950	828,516 8,094,175	4,491,683 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	-10,059,647 6,043,842	-9,159,862 5,845,112	-4,578,282 7,606,259	828,516 7,283,041	4,491,683 14,957,241
Net margin Median	-12.75456% 4.62%	-11.90037% 4.42%	-6.16363% 5.16%	0.89058% 5.2%	5.68926% 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 CORPORACION DEL CENTRO CARDIOVASCULA 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	7,550,952 23,241,334	6,055,378 23,709,545	6,360,144 24,248,380	6,399,637 22,858,541	6,578,795 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	7,550,952 21,577,146	6,055,378 22,041,594	6,360,144 22,722,063	6,399,637 21,570,441	6,578,795 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	2,133,848 11,160,864	1,773,891 11,987,345	1,914,829 12,926,866	1,689,937 11,884,480	1,517,542 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	2,133,848 10,918,923	1,773,891 11,706,976	1,914,829 12,615,917	1,689,937 11,458,116	1,517,542 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	53,668 3,284,314	123,841 3,250,551	152,297 3,386,837	163,508 3,360,806	178,885 3,508,953
Disproportionate-share hospital (DSH) Median	54,068 594,888	72,806 595,761	55,171 577,894	50,289 542,168	53,030 549,667
Outlier Median	1,952,304 582,572	968,051 538,116	678,715 212,434	3,743 126,559	802 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	6,463,951 3,662,910	586,222 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	0 2,654,636	0 2,940,659	0 3,380,215	0 3,488,738	0 3,233,405
Uncompensated care (UCC) Median	154,461 5,147,790	799,385 5,337,617	47,008 5,711,082	45,925 5,923,418	984,298 5,508,107
UCC as a % of operating expenses Median	0.17% 3.24	0.93% 3.12	0.06% 3.21	0.05% 3.3	1.32% 2.86
Total shortfall/UCC Median	6,618,412 9,489,989	1,385,607 9,424,297	47,008 10,120,158	45,925 11,171,337	984,298 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	24,226,008 52,142,039	22,655,632 54,485,252	21,051,081 57,395,589	25,149,368 58,830,919	22,060,207 61,722,907
Salaries as a % of operating expenses Median	27.24 36.68	26.30 36.56	26.70 36.37	27.28 35.93	29.63 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	2,387,276 1,449,244	2,450,903 1,475,986	2,504,275 1,563,078	1,432,103 1,721,954	1,856,982 2,991,828
Contract hours, direct-care Median	109,769.00 22,725	118,290.00 23,018.5	122,365.00 24,503.48	109,380.00 25,026.5	87,123.00 33,786
Contract wages, direct-care Median	21.75 64.67	20.72 64.53	20.47 65.06	13.09 68.97	21.31 88.94

* in an approved program

Return to top

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.