As of the July, 2022, release via CMS

LOVELACE REGIONAL HOSPITAL-ROSWELL

CMS id: 320086
117 E. 19TH STREET, ROSWELL NM 88201. County: CHAVES
System: AHS MANAGEMENT COMPANY INC.
CBSA: Roswell, NM

The 27-bed, acute-care hospital had $8,605,710 in net service to patients*, with a total profit margin of 15.67032% in fiscal year 2021, the latest year available.
It spent 1.90% 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	24 118	23 118	23 119.5	23 118	23 119
Total beds Median	26 162	27 162	27 162	27 162	27 163.5
FTEs Median	223.02 788.06	105.54 793.42	423.11 806.03	394.81 787.61	195.61 804.34

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	50,160,659 150,932,746	48,734,136 158,950,878	47,417,878 168,696,998	51,844,255 163,454,693	57,937,887 186,589,412
Operating expenses Median	45,554,838 149,311,209	47,802,530 156,110,414	45,899,861 164,890,568	48,667,971 166,516,854	49,332,177 180,120,888
Net income from service 2 patients (NS2P) ? Median	4,605,821 -964,173	931,606 -643,601.5	1,518,017 -116,254	3,176,284 -5,025,862	8,605,710 -1,284,564
NS2P margin ? Median	9.18% -0.62	1.91% -0.29	3.20% 0.18	6.13% -5.07	14.85% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LOVELACE REGIONAL HOSPITAL-ROSWELL 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	224,608 5,089,215	180,429 4,572,541	151,219 5,268,134	137,600 13,092,619	561,298 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	26,160 199,009	4,279 206,870.5	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	1,166	1,148	1,269	907	0
⊳ 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	148,561	139,388	138,109	101,266	89,180
⊳ 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	8,492	7,484	7,616	0
⊳ Line 18: Revenue from sale of medical records and abstracts	9,283	5,109	78	27	0
⊳ 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	242	132	0	0	0
⊳ Line 22: Rental of hospital space	-4	0	0	0	0
⊳ 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	65,360	--	--	27,784	472,118
Total income ? Median	4,830,429 6,586,430	1,112,035 6,767,106	1,669,236 8,419,950	3,313,884 8,094,175	9,167,008 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	4,830,429 6,043,842	1,112,035 5,845,112	1,669,236 7,606,259	3,313,884 7,283,041	9,167,008 14,957,241
Net margin Median	9.58699% 4.62%	2.27342% 4.42%	3.50908% 5.16%	6.37508% 5.2%	15.67032% 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 REGIONAL HOSPITAL-ROSWELL 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	5,339,293 23,241,334	5,061,235 23,709,545	4,664,854 24,248,380	4,135,759 22,858,541	3,738,011 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	5,339,293 21,577,146	5,061,235 22,041,594	4,664,854 22,722,063	4,135,759 21,570,441	3,738,011 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	5,698,444 11,160,864	4,577,020 11,987,345	4,194,379 12,926,866	4,133,276 11,884,480	6,009,932 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	5,431,198 10,918,923	4,359,520 11,706,976	4,192,902 12,615,917	4,066,986 11,458,116	5,762,287 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	267,246 618,038	217,500 697,279	1,477 690,232	66,290 684,010	247,645 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	0 3,284,314	0 3,250,551	0 3,386,837	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	136,747 594,888	130,599 595,761	120,118 577,894	104,557 542,168	94,197 549,667
Outlier Median	110,910 582,572	22,038 538,116	18,650 212,434	26,201 126,559	16,344 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	1,586,957 3,662,910	0 3,730,911	878,835 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	482,643 2,654,636	446,940 2,940,659	543,326 3,380,215	588,602 3,488,738	460,493 3,233,405
Uncompensated care (UCC) Median	935,434 5,147,790	1,127,551 5,337,617	1,204,806 5,711,082	1,332,690 5,923,418	937,888 5,508,107
UCC as a % of operating expenses Median	2.05% 3.24	2.36% 3.12	2.62% 3.21	2.74% 3.3	1.90% 2.86
Total shortfall/UCC Median	2,522,391 9,489,989	1,127,551 9,424,297	2,083,641 10,120,158	1,332,690 11,171,337	937,888 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	13,852,141 52,142,039	13,541,272 54,485,252	13,928,782 57,395,589	13,838,038 58,830,919	14,069,933 61,722,907
Salaries as a % of operating expenses Median	30.41 36.68	28.33 36.56	30.35 36.37	28.43 35.93	28.52 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	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	1,262,240 1,449,244	1,795,386 1,475,986	1,467,502 1,563,078	1,204,480 1,721,954	1,186,573 2,991,828
Contract hours, direct-care Median	18,403.00 22,725	28,058.00 23,018.5	20,877.00 24,503.48	16,635.00 25,026.5	16,114.00 33,786
Contract wages, direct-care Median	68.59 64.67	63.99 64.53	70.29 65.06	72.41 68.97	73.64 88.94

* in an approved program

Return to top

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.