As of the July, 2022, release via CMS

LDS HOSPITAL

CMS id: 460006
8TH AVENUE AND C STREET., SALT LAKE CITY UT 84143. County: SALT LAKE
System: IHC HEALTH SERVICES INC.
CBSA: Salt Lake City, UT

The 256-bed, acute-care hospital had $3,109,542 in net service to patients*, with a total profit margin of 2.67424% in fiscal year 2021, the latest year available.
It spent 4.98% 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	nfp	nfp	nfp	nfp	nfp
Acute beds Median	188 118	188 118	188 119.5	188 118	188 119
Total beds Median	243 162	250 162	256 162	256 162	256 163.5
FTEs Median	1,208.00 788.06	1,190.00 793.42	1,174.08 806.03	1,146.03 787.61	1,083.92 804.34

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	256,400,731 150,932,746	287,913,264 158,950,878	279,194,143 168,696,998	261,840,911 163,454,693	296,601,759 186,589,412
Operating expenses Median	254,854,425 149,311,209	278,476,481 156,110,414	270,279,150 164,890,568	273,718,217 166,516,854	293,492,217 180,120,888
Net income from service 2 patients (NS2P) ? Median	1,546,306 -964,173	9,436,783 -643,601.5	8,914,993 -116,254	-11,877,306 -5,025,862	3,109,542 -1,284,564
NS2P margin ? Median	0.60% -0.62	3.28% -0.29	3.19% 0.18	-4.54% -5.07	1.05% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LDS 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	10,336,701 5,089,215	8,418,069 4,572,541	7,310,396 5,268,134	22,001,128 13,092,619	4,954,794 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	2,473 299,524	3,138 188,688.5	81 370,813	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	1,341,011	1,318,167	1,224,314	842,000	904,096
⊳ 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	-260
⊳ Line 17: Revenue from sale of drugs to other than patients	313,303	295,601	290,193	131,880	172,422
⊳ 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	0	0	0	0	0
⊳ Line 22: Rental of hospital space	1,757,121	1,818,747	1,274,785	534,295	524,309
⊳ 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	6,922,793	4,982,416	4,521,023	20,492,953	3,354,227
Total income ? Median	11,883,007 6,586,430	17,854,852 6,767,106	16,225,389 8,419,950	10,123,822 8,094,175	8,064,336 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	13,790 89,880.5	336,753 106,761	0 31,473.5
Net income Median	11,883,007 6,043,842	17,854,852 5,845,112	16,211,599 7,606,259	9,787,069 7,283,041	8,064,336 14,957,241
Net margin Median	4.45495% 4.62%	6.02530% 4.42%	5.65841% 5.16%	3.44807% 5.2%	2.67424% 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 LDS 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	19,194,433 23,241,334	18,514,502 23,709,545	18,237,779 24,248,380	19,015,029 22,858,541	20,564,927 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	17,769,928 21,577,146	17,389,230 22,041,594	17,224,845 22,722,063	18,077,747 21,570,441	19,522,868 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	1,424,505 1,845,420	1,125,272 1,757,392	1,012,934 1,738,842	937,282 1,510,463	1,042,059 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	8,926,442 11,160,864	9,759,044 11,987,345	11,122,058 12,926,866	10,471,782 11,884,480	13,495,923 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	8,926,442 10,918,923	9,759,044 11,706,976	11,122,058 12,615,917	10,471,782 11,458,116	13,495,923 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	85,600 3,284,314	77,166 3,250,551	74,101 3,386,837	71,809 3,360,806	74,780 3,508,953
Disproportionate-share hospital (DSH) Median	269,863 594,888	168,842 595,761	263,500 577,894	229,521 542,168	292,501 549,667
Outlier Median	2,347,192 582,572	2,006,617 538,116	252,538 212,434	164,108 126,559	255,199 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	15,419,414 2,654,636	15,224,915 2,940,659	12,210,992 3,380,215	10,410,858 3,488,738	10,763,213 3,233,405
Uncompensated care (UCC) Median	21,753,929 5,147,790	21,817,180 5,337,617	17,849,219 5,711,082	14,873,836 5,923,418	14,628,350 5,508,107
UCC as a % of operating expenses Median	8.54% 3.24	7.83% 3.12	6.60% 3.21	5.43% 3.3	4.98% 2.86
Total shortfall/UCC Median	21,753,929 9,489,989	21,817,180 9,424,297	17,849,219 10,120,158	14,873,836 11,171,337	14,628,350 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	73,410,291 52,142,039	74,026,093 54,485,252	73,112,028 57,395,589	75,570,812 58,830,919	78,672,105 61,722,907
Salaries as a % of operating expenses Median	28.62 36.68	26.38 36.56	26.84 36.37	27.35 35.93	26.61 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	355,185 1,251,927	224,280 1,186,494	355,500 1,204,885	298,829 1,279,653	265,163 1,469,317
Contract adjusted salaries, direct-care Median	1,705,055 1,449,244	503,472 1,475,986	644,930 1,563,078	1,843,763 1,721,954	6,953,759 2,991,828
Contract hours, direct-care Median	26,837.00 22,725	12,104.25 23,018.5	13,923.00 24,503.48	23,382.00 25,026.5	50,969.00 33,786
Contract wages, direct-care Median	63.53 64.67	41.59 64.53	46.32 65.06	78.85 68.97	136.43 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.