As of the July, 2022, release via CMS
NICKLAUS CHILDRENS HOSPITAL
- CMS id: 103301
- 3100 SW 62ND AVENUE, MIAMI FL 33155. County: MIAMI-DADE
- System: --
- CBSA: Miami-Fort Lauderdale-Pompano Beach, FL
The 277-bed, childrens hospital had $73,257,568 in net service to patients*, with a total profit margin of 8.92341% 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 |
160 128 |
180 138 |
164 132 |
164 132 |
141 139.5 |
| Total beds Median |
289 240 |
309 250 |
309 253 |
309 249 |
277 268 |
| FTEs Median |
3,518.10 2,348.49 |
3,092.07 2,474.39 |
3,029.13 2,467.2 |
2,619.97 2,280 |
3,469.00 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 |
609,104,546 525,064,989 |
588,463,267 548,140,349 |
553,978,614 553,978,614 |
490,731,274 521,749,556 |
714,880,649 559,523,956 |
| Operating expenses Median |
626,540,586 380,030,370 |
620,440,704 429,061,291 |
671,269,044 434,503,640 |
635,857,548 430,707,869 |
641,623,081 498,567,350 |
| Net income from service 2 patients (NS2P) ? Median |
-17,436,040 -1,841,638 |
-31,977,437 -522,484 |
-117,290,430 94,166 |
-145,126,274 -11,959,831 |
73,257,568 -16,074,830 |
| NS2P margin ? Median |
-2.86% -2.86 |
-5.43% -0.41 |
-21.17% 0.04 |
-29.57% -3.45 |
10.25% -5.04 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for NICKLAUS CHILDRENS HOSPITAL 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 |
92,405,475 47,186,201 |
75,178,992 49,550,891 |
148,468,411 43,369,484 |
205,362,350 74,563,993 |
138,890,253 88,066,310 |
| Total income ? Median |
74,969,435 61,461,455 |
43,201,555 56,564,697 |
31,177,981 58,012,242 |
60,236,076 50,617,244 |
212,147,821 62,924,624 |
| Non-operating expenses Median |
48,941,480 2,760,568 |
65,532,580 2,724,150 |
80,296,202 829,348 |
47,588,935 4,089,642 |
135,962,341 503,757 |
| Net income Median |
26,027,955 45,197,733 |
-22,331,025 39,952,380 |
-49,118,221 58,012,242 |
12,647,141 40,996,852 |
76,185,480 74,165,836 |
| Net margin Median |
3.71028% 9.76% |
-3.36492% 8.11% |
-6.99244% 10.11% |
1.81687% 6.66% |
8.92341% 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 NICKLAUS CHILDRENS HOSPITAL 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 |
259,913 277,359 |
263,643 515,761.5 |
316,578 419,825 |
249,346 384,974 |
158,100 540,291 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
39,632 23,594 |
59,787 27,114 |
49,719 29,521 |
40,532 20,769 |
13,363 18,619.5 |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
0 24,094 |
0 26,215 |
0 19,933 |
0 22,747 |
0 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 |
220,795,265 158,917,507 |
219,170,858 172,292,593 |
221,683,764 181,542,159 |
198,430,145 180,024,857 |
208,579,464 198,946,032 |
| Salaries as a % of operating expenses Median |
35.24 42.46 |
35.33 41.44 |
33.02 41.89 |
31.21 41.02 |
32.51 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.