Velarion Records

Short-term acute care hospital · Carlsbad, New Mexico · 54 beds · CMS certification number 320063

Carlsbad Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS February 17, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$161.1M
$161,131,601 · G-3 line 3
Operating expenses
$91.9M
$91,888,921 · G-3 line 4
Result from patient care
$69.2M
$69,242,680 · G-3 line 5
Margin on patient care
43.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.5M in its first year on file (1996) to $161.1M in 2025.
  • Its result from patient care: $19.3M (2023), $32.4M (2024), $69.2M (2025).
  • 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 2025.
  • Medicaid paid for 5.1% of its inpatient days and Medicare for 27.8%.
  • CHS COMMUNITY HEALTH SYSTEMS INC holds 100% of it, on its Medicare enrollment.

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

29 years of filings

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

Net patient revenueOperating expenses
1996
as submitted
$12.5M
$9.8M
1997
as submitted
$39.5M
$32.7M
1999
as submitted
$34.6M
$36.8M
2000
reopened
$31.3M
$30.3M
2001
settled with audit
$63.3M
$33.0M
2002
settled with audit
$36.9M
$35.9M
2003
settled with audit
$50.0M
$43.7M
2004
reopened
$64.6M
$49.9M
2005
reopened
$69.1M
$54.0M
2006
reopened
$78.4M
$57.4M
2007
reopened
$85.7M
$63.2M
2008
reopened
$103.8M
$71.4M
2009
reopened
$111.3M
$86.1M
2010
reopened
$117.0M
$88.9M
2011
reopened
$111.6M
$82.0M
2012
reopened
$120.7M
$86.1M
2013
reopened
$109.9M
$75.8M
2014
reopened
$104.4M
$73.7M
2015
settled
$93.3M
$64.7M
2016
settled
$83.5M
$55.8M
2017
settled
$85.8M
$57.1M
2018
settled
$88.5M
$62.2M
2019
settled
$94.6M
$64.0M
2020
settled
$85.0M
$62.5M
2021
settled
$84.2M
$65.3M
2022
settled
$109.2M
$75.8M
2023
as submitted
$97.1M
$77.8M
2024
amended
$112.4M
$80.0M
2025
as submitted
$161.1M
$91.9M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from New Mexico first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Carlsbad Medical Center54$161,131,601$91,888,92143.0%
Presbyterian Espanola Hospital, Espanola70$130,706,317$119,104,9198.9%
CHRISTUS Southern New Mexico, Alamogordo76$323,328,171$274,840,39315.0%
Los Alamos Medical Center, Los Alamos47$62,771,859$63,530,197−1.2%
Lovelace Westside Hospital, Albuquerque92$82,732,382$69,464,22016.0%
Three Crosses Regional Hospital, Las Cruces43$69,700,165$121,580,686−74.4%

Patients and payers

Discharges
2,632
S-3 line 14, col 15
Inpatient days
9,288
S-3 line 14, col 8
Beds in use, on an average day
25.5
days ÷ days in year
Occupancy
47.1%
days ÷ bed days
Medicare share of days
27.8%
S-3 cols 6 ÷ 8
Medicaid share of days
5.1%
S-3 cols 7 ÷ 8

Who owns it

  • CHS COMMUNITY HEALTH SYSTEMS INC100%
  • HMA-TRI HOLDINGS LLC100%
  • TENNYSON HOLDINGS LLC100%
  • TRIAD HEALTHCARE LLC100%
  • TRIAD HOLDINGS V LLC100%

Indirect owner: CARLSBAD MEDICAL CENTER LLC

Related organizations on its own cost report: COMMUNITY HEALT, hospital corpor.

Other hospitals with the same owner: Gadsden Regional Medical Center (AL), Medical Center Enterprise (AL), Flowers Hospital (AL), Baldwin Health (AL), Grandview Medical Center (AL), Crestwood Medical Center (AL), Mat-Su Regional Medical Center (AK).

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).

Follow this hospital, free

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

More short-term acute care hospitals in New Mexico

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 320063. 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 February 17, 2026.