As of the July, 2022, release via CMS
CARO CENTER
- CMS id: 234025
- 2000 CHAMBERS ROAD, CARO MI 48723. County: TUSCOLA
- System: --
- CBSA: Rural Michigan
The 154-bed, psychiatric hospital had $-44,708,644 in net service to patients*, with a total profit margin of 0.00000% 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 psychiatric 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 |
gov | gov | gov | gov | gov |
| Acute beds Median |
148 83 |
148 84 |
118 84 |
154 85 |
154 88 |
| Total beds Median |
148 96 |
148 96.5 |
118 96 |
154 96 |
154 100 |
| FTEs Median |
374.00 204.44 |
386.00 205.2 |
372.00 206.46 |
392.00 199.56 |
416.00 208.47 |
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 |
0 19,094,228 |
0 20,093,478 |
7,438,062 19,114,759 |
4,910,058 19,054,171 |
9,961,757 19,976,728 |
| Operating expenses Median |
49,606,954 22,368,136 |
50,097,243 22,538,274 |
49,227,867 22,655,883 |
57,028,508 22,467,732 |
54,670,401 24,450,962 |
| Net income from service 2 patients (NS2P) ? Median |
-49,606,954 -538,630 |
-50,097,243 -644,522 |
-41,789,805 -819,986.5 |
-52,118,450 -1,004,176 |
-44,708,644 -1,218,079 |
| NS2P margin ? Median |
--% 0.79 |
--% 0.82 |
-561.84% -0.22 |
-1,061.46% -1.48 |
-448.80% -1.2 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for CARO CENTER compared to all** psychiatric 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 psychiatric hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 449 | 452 | 462 | 475 | 440 |
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Other income* Median Click here to show/hide details |
49,606,954 166,725 |
50,097,243 126,511 |
41,789,805 134,364.5 |
52,118,450 776,618 |
44,708,644 580,680 |
| Total income ? Median |
0 578,359 |
0 348,012 |
0 178,732 |
0 492,827 |
0 422,509 |
| Non-operating expenses Median |
0 122,784 |
0 624,616.5 |
0 319.5 |
0 259,907 |
0 833.5 |
| Net income Median |
0 517,528.5 |
0 164,060.5 |
0 115,032 |
0 398,047 |
0 410,908 |
| Net margin Median |
0.00000% 5.4% |
0.00000% 4.03% |
0.00000% 4.12% |
0.00000% 5.46% |
0.00000% 6.71% |
* 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 CARO CENTER compared to all** psychiatric hospitals, from CMS cost reports.Note: Psychiatric hospitals have a wider range of total margins than other hospital types. This is partially due to the number of government-run psychiatric facilities
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 psychiatric hospitals available to calculate medians:
| 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| 449 | 452 | 462 | 475 | 440 |
Medicare revenue
Inpatient and outpatient revenue
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| All inpatient revenue Median Click here to show/hide details |
847,369 2,436,300 |
2,089,798 2,301,272 |
1,264,643 2,153,673 |
555,163 1,781,018 |
1,916,775 1,472,860 |
| All outpatient revenue Median Click here to show/hide details |
12,326 219,092 |
10,413 204,721 |
57,394 180,741 |
5,639 138,813 |
3,811 122,013 |
Other payments
| Item | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Graduate Medical Education (GME) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Disproportionate-share hospital (DSH) Median |
0 -- |
0 -- |
0 -- |
0 -- |
0 -- |
| Outlier Median |
15,942 27,233 |
360,858 24,592 |
543,260 20,418 |
75,975 31,943 |
0 17,524.5 |
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 |
16,123,428 11,335,590 |
20,091,249 11,783,703 |
19,931,487 12,149,513 |
20,215,846 12,312,807 |
21,181,139 13,307,259 |
| Salaries as a % of operating expenses Median |
32.50 50.99 |
40.10 51.26 |
40.49 50.77 |
35.45 50.92 |
38.74 50.8 |
| 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.