As of the July, 2022, release via CMS

UNIVERSITY OF NEW MEXICO HOSPITAL

CMS id: 320001
2211 LOMAS BLVD NE, ALBUQUERQUE NM 87106. County: BERNALILLO
System: --
CBSA: Albuquerque, NM

The 555-bed, acute-care hospital had $-100,539,792 in net service to patients*, with a total profit margin of 19.73191% in fiscal year 2021, the latest year available.
It spent 2.56% 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 acute-care 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	344 118	344 118	345 119.5	345 118	345 119
Total beds Median	554 162	554 162	555 162	555 162	555 163.5
FTEs Median	5,915.31 788.06	6,061.57 793.42	6,137.26 806.03	6,126.69 787.61	6,296.94 804.34

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	931,468,320 150,932,746	960,895,057 158,950,878	1,013,433,118 168,696,998	1,094,185,625 163,454,693	1,299,769,512 186,589,412
Operating expenses Median	1,040,162,902 149,311,209	1,068,402,361 156,110,414	1,162,107,159 164,890,568	1,236,580,580 166,516,854	1,400,309,304 180,120,888
Net income from service 2 patients (NS2P) ? Median	-108,694,582 -964,173	-107,507,304 -643,601.5	-148,674,041 -116,254	-142,394,955 -5,025,862	-100,539,792 -1,284,564
NS2P margin ? Median	-11.67% -0.62	-11.19% -0.29	-14.67% 0.18	-13.01% -5.07	-7.74% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for UNIVERSITY OF NEW MEXICO HOSPITAL compared to all** acute-care 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 acute-care hospitals available to calculate medians:

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	124,251,500 5,089,215	139,295,716 4,572,541	173,622,069 5,268,134	240,522,785 13,092,619	445,035,662 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	2,322,145 224,999	2,280,577 199,009	2,170,048 206,870.5	36,875,695 194,343	2,756,611 249,496
⊳ Line 7: Investments ? ⊳ Median	-12,875,253 299,524	-12,611,629 188,688.5	-7,580,066 370,813	2,301,578 309,361.5	4,955,458 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	104,069	105,181	134,997	117,686	115,368
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	53,062	61,411	74,294	43,147	65,321
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	2,912,761	3,008,642	2,992,028	2,561,072	2,069,177
⊳ Line 15: Revenue from rental of living quarters	312,858	318,742	406,537	357,243	317,338
⊳ 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	17,352,049	25,992,077	50,139,033	46,976,128	43,604,292
⊳ Line 18: Revenue from sale of medical records and abstracts	482,415	448,017	466,649	393,285	361,761
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	1,689,591	1,531,207	1,574,274	1,467,525	1,226,450
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	109,165,873 1,017,693	114,354,609 983,261.5	118,968,948 1,173,286	123,403,312 1,987,202	126,001,679 1,597,664
⊳ Sum Line 24	2,634,923	3,440,837	3,870,598	25,272,057	262,939,906
Total income ? Median	15,556,918 6,586,430	31,788,412 6,767,106	24,948,028 8,419,950	98,127,830 8,094,175	344,495,870 15,162,888
Non-operating expenses Median	268,062 146,289.5	254,887 164,857	250,915 89,880.5	227,098 106,761	212,449 31,473.5
Net income Median	15,288,856 6,043,842	31,533,525 5,845,112	24,697,113 7,606,259	97,900,732 7,283,041	344,283,421 14,957,241
Net margin Median	1.44819% 4.62%	2.86619% 4.42%	2.08054% 5.16%	7.33499% 5.2%	19.73191% 9.25%

* 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 UNIVERSITY OF NEW MEXICO HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	100,803,942 23,241,334	97,951,440 23,709,545	103,444,407 24,248,380	107,364,255 22,858,541	115,694,564 23,620,613
"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	97,600,752 21,577,146	94,960,935 22,041,594	100,086,705 22,722,063	103,940,465 21,570,441	112,853,164 22,140,684
⊳ 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	3,203,190 1,845,420	2,990,505 1,757,392	3,357,702 1,738,842	3,423,790 1,510,463	2,841,400 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	0 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 1,203,033	0 1,215,295	0 1,313,657	0 1,365,298	0 1,179,746
All outpatient revenue Median Click here to show/hide details	54,679,084 11,160,864	58,254,862 11,987,345	60,221,580 12,926,866	55,142,634 11,884,480	54,600,706 13,145,163
"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	54,679,084 10,918,923	58,254,862 11,706,976	60,221,580 12,615,917	55,142,634 11,458,116	54,476,306 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	124,400 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	0 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	21,180,814 3,284,314	20,333,890 3,250,551	21,841,785 3,386,837	24,504,877 3,360,806	27,013,389 3,508,953
Disproportionate-share hospital (DSH) Median	4,892,370 594,888	4,426,375 595,761	4,199,353 577,894	4,342,628 542,168	4,141,778 549,667
Outlier Median	4,562,585 582,572	4,848,816 538,116	4,821,198 212,434	548,730 126,559	648,739 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	28,813,984 2,654,636	20,717,987 2,940,659	14,216,403 3,380,215	14,265,860 3,488,738	10,618,463 3,233,405
Uncompensated care (UCC) Median	35,470,010 5,147,790	38,762,061 5,337,617	39,447,359 5,711,082	31,759,437 5,923,418	35,798,270 5,508,107
UCC as a % of operating expenses Median	3.41% 3.24	3.63% 3.12	3.39% 3.21	2.57% 3.3	2.56% 2.86
Total shortfall/UCC Median	35,470,010 9,489,989	38,762,061 9,424,297	39,447,359 10,120,158	31,759,437 11,171,337	35,798,270 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	384,039,848 52,142,039	390,687,300 54,485,252	405,544,692 57,395,589	421,257,384 58,830,919	459,176,718 61,722,907
Salaries as a % of operating expenses Median	36.92 36.68	36.57 36.56	34.90 36.37	34.07 35.93	32.79 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 2,937,156	0 2,909,848
Contract intern, resident salaries* Median	29,604,190 1,251,927	30,267,634 1,186,494	31,359,619 1,204,885	34,924,884 1,279,653	35,717,548 1,469,317
Contract adjusted salaries, direct-care Median	43,220,176 1,449,244	45,637,774 1,475,986	47,462,529 1,563,078	52,200,682 1,721,954	127,971,134 2,991,828
Contract hours, direct-care Median	1,202,575.72 22,725	1,288,059.46 23,018.5	1,293,005.48 24,503.48	1,305,712.43 25,026.5	1,879,351.16 33,786
Contract wages, direct-care Median	35.94 64.67	35.43 64.53	36.71 65.06	39.98 68.97	68.09 88.94

* 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.