As of the July, 2022, release via CMS

MONROE CLINIC

CMS id: 520028
515 22ND AVENUE, MONROE WI 53566. County: GREEN
System: SSM HEALTH
CBSA: Madison, WI

The 58-bed, acute-care hospital had $-8,249,162 in net service to patients*, with a total profit margin of 8.86115% in fiscal year 2021, the latest year available.
It spent 0.94% of its operating expenses on uncompensated care and reported $6,026,584 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	54 118	52 118	52 119.5	52 118	52 119
Total beds Median	60 162	58 162	58 162	58 162	58 163.5
FTEs Median	1,011.70 788.06	1,030.46 793.42	1,009.77 806.03	919.48 787.61	937.83 804.34

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	160,280,242 150,932,746	178,447,639 158,950,878	180,710,746 168,696,998	164,664,594 163,454,693	191,384,710 186,589,412
Operating expenses Median	169,480,945 149,311,209	175,520,543 156,110,414	181,237,821 164,890,568	184,222,851 166,516,854	199,633,872 180,120,888
Net income from service 2 patients (NS2P) ? Median	-9,200,703 -964,173	2,927,096 -643,601.5	-527,075 -116,254	-19,558,257 -5,025,862	-8,249,162 -1,284,564
NS2P margin ? Median	-5.74% -0.62	1.64% -0.29	-0.29% 0.18	-11.88% -5.07	-4.31% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MONROE CLINIC 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	14,327,091 5,089,215	-5,700,388 4,572,541	19,781,057 5,268,134	35,118,285 13,092,619	27,658,952 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	1,026,207 194,343	516,534 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	12,772,128 309,361.5	13,246,770 375,329
⊳ 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	8,220	1,181
⊳ 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	0	0	0	401,168	362,257
⊳ Line 15: Revenue from rental of living quarters	0	0	0	32,963	41,150
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	5,042,960	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	102,623	5,673,737
⊳ Line 18: Revenue from sale of medical records and abstracts	0	0	0	38	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	202,558
⊳ Line 21: Rental of vending machines	0	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	14,327,091	-5,700,388	19,781,057	15,731,978	7,614,765
Total income ? Median	5,126,388 6,586,430	-2,773,292 6,767,106	19,253,982 8,419,950	15,560,028 8,094,175	19,409,790 15,162,888
Non-operating expenses Median	325,819 146,289.5	0 164,857	0 89,880.5	-2,500 106,761	0 31,473.5
Net income Median	4,800,569 6,043,842	-2,773,292 5,845,112	19,253,982 7,606,259	15,562,528 7,283,041	19,409,790 14,957,241
Net margin Median	2.74935% 4.62%	-1.60540% 4.42%	9.60338% 5.16%	7.78972% 5.2%	8.86115% 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 MONROE CLINIC 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	12,520,545 23,241,334	12,704,860 23,709,545	13,948,681 24,248,380	11,652,343 22,858,541	11,739,745 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	12,520,545 21,577,146	12,704,860 22,041,594	13,948,681 22,722,063	11,652,343 21,570,441	11,739,745 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	23,058,581 11,160,864	24,257,635 11,987,345	24,677,589 12,926,866	22,404,921 11,884,480	25,466,125 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	21,997,687 10,918,923	23,335,084 11,706,976	23,639,429 12,615,917	21,109,544 11,458,116	24,525,472 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	1,060,894 1,282,808	922,551 1,407,728	1,038,160 1,341,512	1,295,377 1,407,046	940,653 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	579,229 3,284,314	547,331 3,250,551	657,878 3,386,837	930,401 3,360,806	818,731 3,508,953
Disproportionate-share hospital (DSH) Median	161,466 594,888	158,943 595,761	102,493 577,894	104,022 542,168	78,034 549,667
Outlier Median	953,838 582,572	732,776 538,116	542,270 212,434	63,011 126,559	213,098 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	9,658,292 3,662,910	6,108,122 3,730,911	824,429 4,081,319	13,258,777 4,643,908	6,026,584 4,389,147
Charity care Median	1,335,925 2,654,636	925,731 2,940,659	969,189 3,380,215	1,143,766 3,488,738	1,144,365 3,233,405
Uncompensated care (UCC) Median	3,447,479 5,147,790	1,647,481 5,337,617	1,808,701 5,711,082	2,202,020 5,923,418	1,872,764 5,508,107
UCC as a % of operating expenses Median	2.03% 3.24	0.94% 3.12	1.00% 3.21	1.20% 3.3	0.94% 2.86
Total shortfall/UCC Median	13,105,771 9,489,989	7,755,603 9,424,297	2,633,130 10,120,158	15,460,797 11,171,337	7,899,348 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	82,378,232 52,142,039	85,669,825 54,485,252	90,601,831 57,395,589	81,925,407 58,830,919	86,957,283 61,722,907
Salaries as a % of operating expenses Median	48.61 36.68	48.81 36.56	49.99 36.37	44.47 35.93	43.56 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	906,141 2,753,773	953,396 2,937,156	1,250,087 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	11,261 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	824,172 1,449,244	488,729 1,475,986	1,093,608 1,563,078	577,644 1,721,954	1,285,607 2,991,828
Contract hours, direct-care Median	12,663.77 22,725	8,164.46 23,018.5	15,594.51 24,503.48	9,265.44 25,026.5	12,027.78 33,786
Contract wages, direct-care Median	65.08 64.67	59.86 64.53	70.13 65.06	62.34 68.97	106.89 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.