As of the July, 2022, release via CMS

LOVELACE WOMENS HOSPITAL

CMS id: 320017
4701 MONTGOMERY NE, ALBUQUERQUE NM 87109. County: BERNALILLO
System: AHS MANAGEMENT COMPANY INC
CBSA: Albuquerque, NM

The 160-bed, acute-care hospital had $24,026,434 in net service to patients*, with a total profit margin of 17.04007% in fiscal year 2021, the latest year available.
It spent 0.89% 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	112 118	112 118	112 119.5	112 118	110 119
Total beds Median	162 162	162 162	162 162	162 162	160 163.5
FTEs Median	632.30 788.06	659.83 793.42	655.52 806.03	653.86 787.61	601.00 804.34

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	169,947,097 150,932,746	167,530,783 158,950,878	178,713,300 168,696,998	188,014,132 163,454,693	205,401,995 186,589,412
Operating expenses Median	142,933,123 149,311,209	146,908,904 156,110,414	151,523,241 164,890,568	161,825,692 166,516,854	181,375,561 180,120,888
Net income from service 2 patients (NS2P) ? Median	27,013,974 -964,173	20,621,879 -643,601.5	27,190,059 -116,254	26,188,440 -5,025,862	24,026,434 -1,284,564
NS2P margin ? Median	15.90% -0.62	12.31% -0.29	15.21% 0.18	13.93% -5.07	11.70% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LOVELACE WOMENS 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	5,163,652 5,089,215	7,030,435 4,572,541	7,387,403 5,268,134	8,553,129 13,092,619	13,228,335 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	3,348	5,341	1,300	1,605	977
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ 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	594,471	609,664	624,862	607,578	345,315
⊳ 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	139,949	16,648
⊳ Line 18: Revenue from sale of medical records and abstracts	10,826	56,745	6,286	571	412
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	1,144	936	779	713	21
⊳ Line 21: Rental of vending machines	1,785	2,510	2,137	1,690	525
⊳ Line 22: Rental of hospital space	269,197	237,177	231,838	575,150	615,631
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	4,282,881	6,118,062	6,520,201	7,225,873	12,248,806
Total income ? Median	32,177,626 6,586,430	27,652,314 6,767,106	34,577,462 8,419,950	34,741,569 8,094,175	37,254,769 15,162,888
Non-operating expenses Median	-24 146,289.5	-8 164,857	-2 89,880.5	0 106,761	0 31,473.5
Net income Median	32,177,650 6,043,842	27,652,322 5,845,112	34,577,464 7,606,259	34,741,569 7,283,041	37,254,769 14,957,241
Net margin Median	18.37560% 4.62%	15.84105% 4.42%	18.57997% 5.16%	17.67414% 5.2%	17.04007% 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 LOVELACE WOMENS 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	9,309,759 23,241,334	9,147,167 23,709,545	8,796,711 24,248,380	7,810,173 22,858,541	6,612,253 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	9,309,759 21,577,146	9,147,167 22,041,594	8,796,711 22,722,063	7,810,173 21,570,441	6,612,253 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	0 1,845,420	0 1,757,392	0 1,738,842	0 1,510,463	0 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	4,609,184 11,160,864	4,711,318 11,987,345	5,561,847 12,926,866	6,417,421 11,884,480	7,177,044 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	4,609,184 10,918,923	4,711,318 11,706,976	5,561,847 12,615,917	6,417,421 11,458,116	7,177,044 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	0 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	60,056 3,284,314	48,679 3,250,551	0 3,386,837	13,752 3,360,806	39,989 3,508,953
Disproportionate-share hospital (DSH) Median	624,504 594,888	626,999 595,761	655,875 577,894	644,769 542,168	544,196 549,667
Outlier Median	35,499 582,572	101,774 538,116	151,468 212,434	16,757 126,559	65,901 139,139

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	709,215 2,654,636	1,610,293 2,940,659	1,045,844 3,380,215	1,107,566 3,488,738	633,831 3,233,405
Uncompensated care (UCC) Median	1,704,721 5,147,790	2,491,874 5,337,617	2,456,625 5,711,082	2,186,523 5,923,418	1,615,319 5,508,107
UCC as a % of operating expenses Median	1.19% 3.24	1.70% 3.12	1.62% 3.21	1.35% 3.3	0.89% 2.86
Total shortfall/UCC Median	1,704,721 9,489,989	2,491,874 9,424,297	2,456,625 10,120,158	2,186,523 11,171,337	1,615,319 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	43,332,842 52,142,039	46,123,284 54,485,252	46,457,386 57,395,589	46,896,818 58,830,919	47,445,227 61,722,907
Salaries as a % of operating expenses Median	30.32 36.68	31.40 36.56	30.66 36.37	28.98 35.93	26.16 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	135,271 1,251,927	169,503 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	1,649,524 1,449,244	1,979,491 1,475,986	1,416,722 1,563,078	4,852,088 1,721,954	7,775,971 2,991,828
Contract hours, direct-care Median	28,845.25 22,725	31,622.75 23,018.5	19,689.10 24,503.48	63,782.00 25,026.5	72,331.78 33,786
Contract wages, direct-care Median	57.19 64.67	62.60 64.53	71.95 65.06	76.07 68.97	107.50 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.