As of the July, 2022, release via CMS
CHILDRENS HOSPITAL MEDICAL CENTER
- CMS id: 363303
- 1 PERKINS SQUARE, AKRON OH 44308. County: SUMMIT
- System: --
- CBSA: Akron, OH
The 405-bed, childrens hospital had $-2,157,654 in net service to patients*, with a total profit margin of 12.98344% 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 |
302 128 |
303 138 |
256 132 |
235 132 |
228 139.5 |
| Total beds Median |
401 240 |
402 250 |
413 253 |
412 249 |
405 268 |
| FTEs Median |
4,788.86 2,348.49 |
5,006.57 2,474.39 |
5,492.11 2,467.2 |
4,958.80 2,280 |
5,544.68 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 |
789,469,178 525,064,989 |
828,176,726 548,140,349 |
910,353,981 553,978,614 |
853,395,279 521,749,556 |
999,491,193 559,523,956 |
| Operating expenses Median |
821,440,829 380,030,370 |
858,570,252 429,061,291 |
904,967,927 434,503,640 |
926,792,238 430,707,869 |
1,001,648,847 498,567,350 |
| Net income from service 2 patients (NS2P) ? Median |
-31,971,651 -1,841,638 |
-30,393,526 -522,484 |
5,386,054 94,166 |
-73,396,959 -11,959,831 |
-2,157,654 -16,074,830 |
| NS2P margin ? Median |
-4.05% -2.86 |
-3.67% -0.41 |
0.59% 0.04 |
-8.60% -3.45 |
-0.22% -5.04 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for CHILDRENS HOSPITAL MEDICAL CENTER 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 |
134,008,935 47,186,201 |
73,070,056 49,550,891 |
138,075,804 43,369,484 |
165,749,876 74,563,993 |
151,892,880 88,066,310 |
| Total income ? Median |
102,037,284 61,461,455 |
42,676,530 56,564,697 |
143,461,858 58,012,242 |
92,352,917 50,617,244 |
149,735,226 62,924,624 |
| Non-operating expenses Median |
1,128,597 2,760,568 |
2,724,150 2,724,150 |
2,223,233 829,348 |
-2,718,369 4,089,642 |
245,938 503,757 |
| Net income Median |
100,908,687 45,197,733 |
39,952,380 39,952,380 |
141,238,625 58,012,242 |
95,071,286 40,996,852 |
149,489,288 74,165,836 |
| Net margin Median |
10.92703% 9.76% |
4.43301% 8.11% |
13.47144% 10.11% |
9.32853% 6.66% |
12.98344% 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 CHILDRENS HOSPITAL MEDICAL CENTER 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 |
657,338 277,359 |
672,574 515,761.5 |
574,539 419,825 |
599,934 384,974 |
687,915 540,291 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
54,137 23,594 |
75,278 27,114 |
36,003 29,521 |
32,420 20,769 |
43,358 18,619.5 |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
52,346 24,094 |
62,227 26,215 |
39,445 19,933 |
74,442 22,747 |
82,278 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 |
401,529,001 158,917,507 |
424,276,073 172,292,593 |
456,787,090 181,542,159 |
474,711,989 180,024,857 |
508,849,326 198,946,032 |
| Salaries as a % of operating expenses Median |
51.37 42.46 |
51.88 41.44 |
50.48 41.89 |
51.22 41.02 |
50.80 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.