As of the July, 2022, release via CMS

CRAIG HOSPITAL

CMS id: 062011
3425 S. CLARKSON ST., ENGLEWOOD CO 80113. County: ARAPAHOE
System: --
CBSA: Denver-Aurora-Lakewood, CO

The 93-bed, long-term hospital had $-9,554,092 in net service to patients*, with a total profit margin of 15.09574% 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 long-term 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	93 44	93 45	93 46.5	93 45	93 45
Total beds Median	93 47	93 48	93 48	93 49	93 49
FTEs Median	765.57 103.98	803.39 108.8	819.36 107.68	814.08 108.27	841.85 111.58

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	100,196,074 15,922,304	107,652,563 17,137,722	113,838,886 17,270,018	107,664,650 18,501,558	120,882,047 20,363,991
Operating expenses Median	104,236,719 16,699,110	109,896,892 17,149,459	119,815,083 17,741,870	118,983,407 17,467,608	130,436,139 19,803,177
Net income from service 2 patients (NS2P) ? Median	-4,040,645 -265,919	-2,244,329 75,645.5	-5,976,197 80,328	-11,318,757 670,921	-9,554,092 1,115,138
NS2P margin ? Median	-4.03% -1.5	-2.08% 0.72	-5.25% 1.45	-10.51% 4.42	-7.90% 5.66

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CRAIG HOSPITAL compared to all** long-term 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 long-term hospitals available to calculate medians:

2017	2018	2019	2020	2021
408	380	353	348	323

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	18,265,546 72,020.5	16,567,869 72,701	18,567,063 71,539	24,433,536 281,596	32,973,679 547,957
⊳ Line 6: Contributions ? ⊳ Median	6,665,684 --	5,546,143 --	5,572,209 --	173,902 --	374,230 --
⊳ Line 7: Investments ? ⊳ Median	4,779,793 3,774	2,465,073 4,812	3,628,908 4,731	7,109,860 3,610.5	14,190,300 4,748
⊳ 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	0	0
⊳ Line 11: Rebates and refunds of expenses	61,142	22,783	338,419	1,609	1,217
⊳ 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	644,167	718,203	852,596	682,512	607,393
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	13,601	10,404	8,156	6,358	6,507
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	260,476	305,502	295,624	252,116	294,508
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	121,375	139,540	144,460	148,254	146,289
⊳ Line 23: Gov appropriations ? ⊳ Median	3,234,894 --	4,635,886 --	4,699,514 --	0 --	0 --
⊳ Sum Line 24	2,484,414	2,724,335	3,027,177	16,058,925	17,353,235
Total income ? Median	14,224,901 80,111	14,323,540 382,412.5	12,590,866 499,629	13,114,779 1,334,999	23,419,587 2,049,459
Non-operating expenses Median	106,523 644,657	93,680 385,584	51,692 506,122.5	33,931 581,714	193,927 586,009
Net income Median	14,118,378 -21,319	14,229,860 112,320	12,539,174 237,850	13,080,848 903,115.5	23,225,660 1,754,915
Net margin Median	11.91810% 0.05%	11.45533% 1.36%	9.47025% 1.81%	9.90237% 5.61%	15.09574% 8.54%

* 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 CRAIG HOSPITAL compared to all** long-term hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

2017	2018	2019	2020	2021
408	380	353	348	323

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	2,021,423 9,206,255	2,443,628 9,071,514	3,554,847 9,188,446	822,063 9,026,156	2,059,670 8,843,005
"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	0 --	0 --	0 --	0 --	0 --
⊳ 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 --	0 --	0 --	0 --	0 --
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Long-term care hospital (LTCH) ⊳ Median	2,021,423 9,134,055	2,443,628 8,844,359	3,554,847 9,143,124	822,063 8,867,452	2,059,670 8,762,631
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 --	0 --	0 --	0 --	0 --
All outpatient revenue Median Click here to show/hide details	577,993 17,364	646,134 20,498	570,169 18,751	300,390 22,247	387,495 28,094.5
"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	577,993 16,964	646,134 19,915.5	570,169 18,019	300,390 21,792	387,495 25,637
⊳ Home Health agencies (HHA) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	2,306 --	2,319 --	2,640 --	907 --	1,456 --
Disproportionate-share hospital (DSH) Median	0 --	0 --	0 --	0 --	0 --
Outlier Median	1,163,097 695,093	1,417,764 588,818	2,598,198 597,565	596,595 664,226	1,716,308 603,099

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	50,169,330 6,594,633	53,828,146 6,845,890	58,301,823 7,032,051	61,564,970 7,482,888	68,622,942 8,182,213
Salaries as a % of operating expenses Median	48.13 41.02	48.98 41.94	48.66 42.05	51.74 42.05	52.61 41.85
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 2,219,370	0 1,630,756	0 1,413,636	0 1,782,502	0 2,478,276
Contract hours, direct-care Median	0.00 33,384.5	0.00 25,381.5	0.00 23,190	0.00 27,043.5	0.00 28,018.42
Contract wages, direct-care Median	0.00 63.14	0.00 62.56	0.00 64.25	0.00 68.74	0.00 87.33

* 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.