Velarion Records

Children's hospital · Lubbock, Texas · 184 beds · CMS certification number 453306

Covenant Children's Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, amended, stamped by CMS May 6, 2026. 23 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$477.3M
$477,255,093 · G-3 line 3
Operating expenses
$386.9M
$386,909,187 · G-3 line 4
Result from patient care
$90.3M
$90,345,906 · G-3 line 5
Margin on patient care
18.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $108.4M in its first year on file (1997) to $477.3M in 2025.
  • Its result from patient care: $63.6M (2023), $53.9M (2024), $90.3M (2025).
  • All 5 children's hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 6.2% of its inpatient days and Medicare for 0.1%.
  • COVENANT HEALTH SYSTEM holds 100% of it, on its Medicare enrollment.

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

23 years of filings

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

Net patient revenueOperating expenses
1997
settled
$108.4M
$4.9M
1998
as submitted
$12.9M
$5.0M
1999
settled
not filed
not filed
2000
settled
not filed
not filed
2003
settled
not filed
not filed
2004
settled
not filed
not filed
2005
settled
not filed
not filed
2008
settled
not filed
not filed
2009
settled
not filed
not filed
2010
settled
not filed
not filed
2011
settled
not filed
not filed
2012
settled
not filed
not filed
2015
settled
not filed
not filed
2016
settled
not filed
not filed
2017
settled
$106.2M
$103.0M
2018
settled
$246.4M
$214.7M
2019
reopened
$330.4M
$206.5M
2020
reopened
$331.4M
$198.1M
2021
settled
$328.6M
$283.3M
2022
settled
$366.3M
$322.5M
2023
settled
$410.3M
$346.7M
2024
settled
$421.2M
$367.3M
2025
amended
$477.3M
$386.9M

Beside its peers

Hospitals of the same type (children's hospital), nearest in size, from Texas first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Covenant Children's Hospital184$477,255,093$386,909,18718.9%
CHRISTUS Children's, San Antonio174$501,543,083$465,045,6097.3%
Children's Medical Center Plano, Plano224$508,702,710$472,007,4097.2%
Driscoll Children's Hospital Rio Grande Valley, Edinburg119$423,197,463$386,312,7328.7%
El Paso Children's Hospital, El Paso148$235,962,603$222,108,0255.9%
Healthbridge Children's Hospital - Houston, LTD., Houston111$67,198,064$60,789,8719.5%

Patients and payers

Discharges
5,242
S-3 line 14, col 15
Inpatient days
32,151
S-3 line 14, col 8
Beds in use, on an average day
88.3
days ÷ days in year
Occupancy
47.9%
days ÷ bed days
Medicare share of days
0.1%
S-3 cols 6 ÷ 8
Medicaid share of days
6.2%
S-3 cols 7 ÷ 8

Who owns it

  • COVENANT HEALTH SYSTEM100%

Other hospitals with the same owner: Covenant Health Hobbs Hospital (NM), Covenant Medical Center (TX), Grace Surgical Hospital (TX), Covenant Hospital Plainview (TX), Covenant Hospital Levelland (TX), Covenant Specialty Hospital (TX), Trustpoint Rehabilitation Hospital of Lubbock (TX).

Type of control on its cost report: voluntary nonprofit, church.

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by METHODIST CHILDREN'S HOSPITAL (employer identification number 752428911) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$28,870,403IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$3,884,503IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$20,569,154IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$24,457,995IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$4,412,408IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.08IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202413189349306921. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by METHODIST CHILDREN'S HOSPITAL (employer identification number 752428911) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
AMANDA HATTON MDBOARD MEMBERTrustee/director$0$422,644$51,837
AMY HENNING DOBOARD MEMBERTrustee/director$0$595,651$27,115
AMY THOMPSON MDCEO CHILDREN'S HOSPITALTrustee/director, Officer$820,069$0$133,430
ANGELA PATTERSONACUTE CARE RNHighest-compensated employee$198,980$0$44,405
BRIAN LANKFORDEMT FLIGHT PARAMEDICHighest-compensated employee$207,176$0$35,531
CLAY TAYLORFRMR COOFormer$316,960$0$42,031
DAVID BAYOUTHBOARD MEMBERTrustee/director$0$0$0
DAVID GRAY DOFRMR CHIEF MEDICAL OFFICER HOSPITALFormer$253,612$0$0
ERIC TEAFFEMT FLIGHT PARAMEDICHighest-compensated employee$211,331$0$36,305
HEATHER WALLERBOARD MEMBERTrustee/director$0$0$0
JACK ROSTAS III MDBOARD MEMBERTrustee/director$0$0$0
JAMES KELLYFRMR OFF. - VP SENIOR CORP COUNSELFormer$0$704,260$104,422
JENNIFER BRYANCFO (PART YEAR)Officer$0$195,795$40,067
JOHN GRIGSONFRMR OFF. - TX/NM REG. CFOFormer$0$1,026,044$31,533
JONATHAN ALLUAEMT FLIGHT PARAMEDICHighest-compensated employee$208,828$0$22,866
KATHLEEN BURRELLSECR. CHIEF GOVERNANCE OFF. (PT YR)Officer$0$162,384$31,334
KATHY ROLLO EDDBOARD MEMBERTrustee/director$0$0$0
KEITH MANNBOARD MEMBERTrustee/director$0$0$0
LEE SAM MIDDLETONBOARD MEMBERTrustee/director$0$0$0
NEDRA HOTCHKINS MEDBOARD MEMBERTrustee/director$0$0$0
RICHARD PARKSFRMR OFF EXEC. ADVISORFormer$0$1,785,594$37,055
STEPHEN GARRCLINICAL PHARMACISTHighest-compensated employee$195,410$0$17,678
TAMMY CAMP MDBOARD MEMBERTrustee/director$0$0$0
WALTER CATHEYFRMR OFF. - NM/TX REG CEFormer$0$1,442,423$203,418

E-file object id 202413189349306921. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More children's hospitals in Texas

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 453306. 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 HOSP10FY2024.ZIP, read May 6, 2026.