As of the July, 2022, release via CMS
COVENANT CHILDRENS HOSPITAL
- CMS id: 453306
- 4015 22ND PLACE, LUBBOCK TX 79410. County: LUBBOCK
- System: --
- CBSA: Lubbock, TX
The 204-bed, childrens hospital had $45,212,689 in net service to patients*, with a total profit margin of 22.69310% 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 |
138 128 |
138 138 |
138 132 |
138 132 |
138 139.5 |
| Total beds Median |
204 240 |
204 250 |
204 253 |
204 249 |
204 268 |
| FTEs Median |
385.30 2,348.49 |
832.00 2,474.39 |
842.00 2,467.2 |
785.00 2,280 |
804.00 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 |
106,223,359 525,064,989 |
246,357,591 548,140,349 |
330,412,010 553,978,614 |
331,430,859 521,749,556 |
328,555,655 559,523,956 |
| Operating expenses Median |
103,019,119 380,030,370 |
214,712,975 429,061,291 |
206,456,996 434,503,640 |
198,084,185 430,707,869 |
283,342,966 498,567,350 |
| Net income from service 2 patients (NS2P) ? Median |
3,204,240 -1,841,638 |
31,644,616 -522,484 |
123,955,014 94,166 |
133,346,674 -11,959,831 |
45,212,689 -16,074,830 |
| NS2P margin ? Median |
3.02% -2.86 |
12.84% -0.41 |
37.52% 0.04 |
40.23% -3.45 |
13.76% -5.04 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for COVENANT 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 |
14,207,692 47,186,201 |
67,126,783 49,550,891 |
6,459,055 43,369,484 |
16,915,979 74,563,993 |
40,541,462 88,066,310 |
| Total income ? Median |
17,411,932 61,461,455 |
98,771,399 56,564,697 |
130,414,069 58,012,242 |
150,262,653 50,617,244 |
85,754,151 62,924,624 |
| Non-operating expenses Median |
0 2,760,568 |
0 2,724,150 |
0 829,348 |
0 4,089,642 |
1,994,585 503,757 |
| Net income Median |
17,411,932 45,197,733 |
98,771,399 39,952,380 |
130,414,069 58,012,242 |
150,262,653 40,996,852 |
83,759,566 74,165,836 |
| Net margin Median |
14.45801% 9.76% |
31.50760% 8.11% |
38.71335% 10.11% |
43.13593% 6.66% |
22.69310% 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 COVENANT 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 |
2,601,765 277,359 |
29,080,228 515,761.5 |
38,674,291 419,825 |
40,908,926 384,974 |
41,701,689 540,291 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
0 23,594 |
0 27,114 |
0 29,521 |
0 20,769 |
0 18,619.5 |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
179,417 24,094 |
394,758 26,215 |
113,701 19,933 |
16,901 22,747 |
40,082 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 |
32,942,724 158,917,507 |
53,766,731 172,292,593 |
56,513,699 181,542,159 |
55,646,013 180,024,857 |
57,110,792 198,946,032 |
| Salaries as a % of operating expenses Median |
31.98 42.46 |
25.04 41.44 |
27.37 41.89 |
28.09 41.02 |
26.32 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.