The One-Stop Source for Hospital Financial Data
Hospital cost data, now made accessible, meaningful, and actionable
Looking for an easier way to use existing publicly available data? Our Data as a Service (DaaS) tool processes these raw data and creates easy-to-use data sets with clear documentation and key financial indicators.
RAND researchers developed software and methods for processing Centers for Medicare & Medicaid Services (CMS) cost report data. In 2017, RAND made this processed data available to analysts, executives, and researchers. Our goal is to foster analysis and insights into trends in the hospital sector. Learn more about DaaS.
In the course of policy analysis, RAND established procedures for enhancing raw CMS data to support more accurate and precise analysis and decisionmaking.
Our data files include the most recent cost data, as well as historical data back to the mid-1990s, allowing analysts to track trends over time.
We calculate and report key financial metrics, such as operating margins and current ratios.
Each variable is labeled and documented, and we report the exact formulas used to calculate each of our indicators.
Standardized Time Periods
Interested in calendar years? Federal fiscal years? Data are processed to represent standardized time periods.
Data Errors, Detected and Corrected
Hospitals sometimes submit data that are clearly erroneous. We apply an automated error detection and correction algorithm. If you want the uncorrected data, you can download that too.
Multiple Reporting Levels
Interested in a specific hospital? Metropolitan area? State? The whole nation? Data are summarized at each of these levels, so you can easily track and compare your desired data sets.