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Short-term acute care hospital · Albuquerque, New Mexico · 203 beds · CMS certification number 320019

Lovelace Medical Center - Gibson

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2007, reopened, stamped by CMS May 7, 2025. Twelve years on file, every one shown below.

Fiscal 2007 at a glance

Net patient revenue
$62.7M
$62,745,827 · G-3 line 3
Operating expenses
$59.2M
$59,230,084 · G-3 line 4
Result from patient care
$3.5M
$3,515,743 · G-3 line 5
Margin on patient care
5.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $121.7M in its first year on file (1996) to $62.7M in 2007.
  • Its result from patient care: −$162.7M (2005), −$92.5M (2006), $3.5M (2007).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2007.

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

Twelve years of filings

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

Net patient revenueOperating expenses
1996
settled
$121.7M
$269.6M
1997
as submitted
$346.8M
$301.3M
1998
as submitted
$335.7M
$423.5M
1999
reopened
$380.9M
$482.0M
2000
reopened
$496.9M
$504.4M
2001
settled with audit
$558.6M
$563.8M
2002
settled with audit
$640.1M
$631.3M
2003
reopened
$142.0M
$734.9M
2004
reopened
$355.3M
$435.5M
2005
reopened
$319.6M
$482.3M
2006
reopened
$198.9M
$291.3M
2007
reopened
$62.7M
$59.2M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from New Mexico first; each on fiscal year 2007.

HospitalBedsNet patient revenueOperating expensesMargin
Lovelace Medical Center - Gibson203$62,745,827$59,230,0845.6%
Lovelace Medical Center, Albuquerque210$109,420,206$123,901,688−13.2%
Memorial Medical Center of Las Cruces, Las Cruces286$171,479,621$129,148,85824.7%
Mountain View Regional Medical Center, Las Cruces168$97,974,059$91,627,3936.5%
San Juan Regional Medical Center, Farmington187$179,194,144$158,251,29211.7%
UNM Hospital, Albuquerque343$391,111,753$466,158,668−19.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2007.ZIP, form CMS-2552-96, filed under CMS certification number 320019.

How this page was built: the CMS Medicare cost report, file HOSPFY2007.ZIP, read May 7, 2025.