Velarion Records

Short-term acute care hospital · Albuquerque, New Mexico · 318 beds · CMS certification number 320009

Lovelace Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2026, as submitted, stamped by CMS August 4, 2026. 30 years on file, every one shown below.

Fiscal 2026 at a glance

Net patient revenue
$388.6M
$388,619,486 · G-3 line 3
Operating expenses
$470.3M
$470,318,612 · G-3 line 4
Result from patient care
−$81.7M
−$81,699,126 · G-3 line 5
Margin on patient care
−21.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $92.5M in its first year on file (1997) to $388.6M in 2026.
  • Its result from patient care: −$34.4M (2024), −$44.8M (2025), −$81.7M (2026).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a loss on patient care for fiscal year 2026.
  • Medicaid paid for 1.3% of its inpatient days and Medicare for 24.1%.
  • AHP HEALTH PARTNERS, INC holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

30 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
reopened
$92.5M
$74.6M
1998
reopened
$99.6M
$79.5M
1999
reopened
$107.4M
$102.0M
2000
reopened
$84.4M
$107.4M
2001
reopened
$59.2M
$62.0M
2002
reopened
$95.0M
$79.4M
2003
reopened
$52.3M
$60.8M
2004
reopened
$41.9M
$38.0M
2005
reopened
$109.3M
$107.8M
2006
reopened
$109.7M
$106.5M
2007
reopened
$109.4M
$123.9M
2008
reopened
$156.4M
$175.4M
2009
reopened
$202.4M
$207.3M
2010
reopened
$224.3M
$202.3M
2011
reopened
$232.7M
$212.5M
2012
reopened
$281.6M
$259.8M
2013
reopened
$290.4M
$277.5M
2014
reopened
$257.0M
$256.8M
2015
reopened
$243.6M
$236.8M
2016
reopened
$264.6M
$261.2M
2017
reopened
$271.0M
$274.1M
2018
reopened
$281.2M
$274.6M
2019
reopened
$295.5M
$284.6M
2020
reopened
$335.5M
$325.2M
2021
reopened
$366.3M
$350.2M
2022
settled
$349.6M
$347.0M
2023
settled
$338.4M
$376.2M
2024
settled
$337.2M
$371.6M
2025
as submitted
$356.3M
$401.1M
2026
as submitted
$388.6M
$470.3M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from New Mexico first; each on fiscal year 2026.

HospitalBedsNet patient revenueOperating expensesMargin
Lovelace Medical Center318$388,619,486$470,318,612−21.0%
Doctors Hospital Augusta, Augusta (GA)316$597,980,440$385,390,36535.5%
Good Samaritan Hospital, San Jose (CA)320$776,568,573$594,773,11523.4%
HCA Florida Bayonet Point Hospital, Hudson (FL)320$489,672,582$289,352,81440.9%
Lovelace Westside Hospital, Albuquerque49$91,945,882$83,117,6869.6%
Mountain View Regional Medical Center, Las Cruces166$394,096,980$251,547,23936.2%

Patients and payers

Discharges
12,625
S-3 line 14, col 15
Inpatient days
61,535
S-3 line 14, col 8
Beds in use, on an average day
169.1
days ÷ days in year
Occupancy
76.3%
days ÷ bed days
Medicare share of days
24.1%
S-3 cols 6 ÷ 8
Medicaid share of days
1.3%
S-3 cols 7 ÷ 8

Who owns it

  • AHP HEALTH PARTNERS, INC100%
  • ARDENT HEALTH INC100%
  • ARDENT LEGACY HOLDINGS LLC100%

Related organizations on its own cost report: ARDENT HEALTH, home office.

Other hospitals with the same owner: Portneuf Medical Center (ID), The University of Kansas Health System, St. Francis Campus (KS), Hackensack Meridian Health, Mountainside Medical Center (NJ), Hackensack Meridian Health, Pascack Valley (NJ), Lovelace Womens Hospital (NM), Lovelace Westside Hospital (NM), Lovelace Regional Hospital Roswell (NM), Lovelace UNM Rehabilitation Hospital (NM).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 320009. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read August 4, 2026.