As of the July, 2022, release via CMS
MEMORIALCARE MCWHLB
- CMS id: 053309
- 2801 ATLANTIC AVENUE, LONG BEACH CA 90806. County: LOS ANGELES
- System: MEMORIAL HEALTH SERVICES
- CBSA: Los Angeles-Long Beach-Anaheim, CA
The 357-bed, childrens hospital had $-68,623,468 in net service to patients*, with a total profit margin of -3.69740% in fiscal year 2021, the latest year available.
It spent 0.00% 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 childrens 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 |
232 128 |
232 138 |
232 132 |
232 132 |
232 139.5 |
| Total beds Median |
369 240 |
357 250 |
357 253 |
357 249 |
357 268 |
| FTEs Median |
1,768.51 2,348.49 |
1,655.93 2,474.39 |
1,675.58 2,467.2 |
1,720.83 2,280 |
1,716.64 2,550.69 |
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
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Net patient revenue ? Median |
349,104,065 525,064,989 |
400,015,308 548,140,349 |
448,443,559 553,978,614 |
510,483,447 521,749,556 |
404,015,041 559,523,956 |
| Operating expenses Median |
402,541,632 380,030,370 |
429,061,291 429,061,291 |
434,503,640 434,503,640 |
492,968,386 430,707,869 |
472,638,509 498,567,350 |
| Net income from service 2 patients (NS2P) ? Median |
-53,437,567 -1,841,638 |
-29,045,983 -522,484 |
13,939,919 94,166 |
17,515,061 -11,959,831 |
-68,623,468 -16,074,830 |
| NS2P margin ? Median |
-15.31% -2.86 |
-7.26% -0.41 |
3.11% 0.04 |
3.43% -3.45 |
-16.99% -5.04 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for MEMORIALCARE MCWHLB compared to all** childrens 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 childrens hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 63 | 63 | 63 | 65 | 51 |
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Other income* Median Click here to show/hide details |
25,956,834 47,186,201 |
29,657,250 49,550,891 |
28,400,332 43,369,484 |
36,741,233 74,563,993 |
51,771,230 88,066,310 |
| Total income ? Median |
-27,480,733 61,461,455 |
611,267 56,564,697 |
42,340,251 58,012,242 |
54,256,294 50,617,244 |
-16,852,238 62,924,624 |
| Non-operating expenses Median |
0 2,760,568 |
0 2,724,150 |
0 829,348 |
0 4,089,642 |
0 503,757 |
| Net income Median |
-27,480,733 45,197,733 |
611,267 39,952,380 |
42,340,251 58,012,242 |
54,256,294 40,996,852 |
-16,852,238 74,165,836 |
| Net margin Median |
-7.32701% 9.76% |
0.14226% 8.11% |
8.87927% 10.11% |
9.91481% 6.66% |
-3.69740% 11.48% |
* 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 MEMORIALCARE MCWHLB compared to all** childrens hospitals, from CMS cost reports.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 childrens hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 63 | 63 | 63 | 65 | 51 |
Medicare revenue
Inpatient and outpatient revenue
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| All inpatient revenue Median Click here to show/hide details |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| All outpatient revenue Median Click here to show/hide details |
104,142 277,359 |
93,093 515,761.5 |
102,466 419,825 |
99,447 384,974 |
81,239 540,291 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
13,666 23,594 |
7,361 27,114 |
4,733 29,521 |
6,087 20,769 |
10,744 18,619.5 |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
1,896 24,094 |
1,701 26,215 |
2,453 19,933 |
2,733 22,747 |
7,730 17,351 |
Uncompensated care
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Medicaid shortfall Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Charity care Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Uncompensated care (UCC) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| UCC as a % of operating expenses Median |
0.00% 0 |
0.00% 0 |
0.00% 0 |
0.00% 0 |
0.00% 0 |
| Total shortfall/UCC Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
Labor costs
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Total salaries Median |
158,917,507 158,917,507 |
151,936,461 172,292,593 |
159,276,634 181,542,159 |
170,266,819 180,024,857 |
173,453,440 198,946,032 |
| Salaries as a % of operating expenses Median |
39.48 42.46 |
35.41 41.44 |
36.66 41.89 |
34.54 41.02 |
36.70 39.81 |
| Intern, resident salaries* Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract intern, resident salaries* Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract adjusted salaries, direct-care Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Contract hours, direct-care Median |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
| Contract wages, direct-care Median |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
0.00 -- |
* in an approved program
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.