Velarion Records

Short-term acute care hospital · Albuquerque, New Mexico · 55 beds · CMS certification number 320083

Heart Hospital of New Mexico

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 1, 2011, amended, stamped by CMS April 18, 2014. Thirteen years on file, every one shown below.

Fiscal 2011 at a glance

Net patient revenue
$61.2M
$61,195,608 · G-3 line 3
Operating expenses
$53.5M
$53,478,630 · G-3 line 4
Result from patient care
$7.7M
$7,716,978 · G-3 line 5
Margin on patient care
12.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.4M in its first year on file (1999) to $61.2M in 2011.
  • Its result from patient care: $6.2M (2009), $9.4M (2010), $7.7M (2011).
  • 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 2011.
  • Medicaid paid for 4.7% of its inpatient days and Medicare for 64.8%.

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

Thirteen years of filings

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

Net patient revenueOperating expenses
1999
reopened
$4.4M
$8.9M
2000
reopened
$43.9M
$42.9M
2001
settled with audit
$38.3M
$37.0M
2002
settled
$52.9M
$50.1M
2003
settled
$58.2M
$53.6M
2004
settled
$59.7M
$55.8M
2005
settled
$67.4M
$60.1M
2006
settled
$71.2M
$61.2M
2007
settled
$75.5M
$61.9M
2008
reopened
$72.8M
$62.2M
2009
reopened
$75.1M
$68.9M
2010
settled
$80.8M
$71.4M
2011
amended
$61.2M
$53.5M

Beside its peers

Short-term acute care hospitals in New Mexico with 50 to 99 beds, each on fiscal year 2011.

HospitalBedsNet patient revenueOperating expensesMargin
Heart Hospital of New Mexico55$61,195,608$53,478,63012.6%
Carlsbad Medical Center, Carlsbad78$111,562,759$81,955,75126.5%
Presbyterian Espanola Hospital, Espanola58$47,339,247$50,038,676−5.7%
Gila Regional Medical Center, Silver City58$71,666,700$69,230,7713.4%
Lovelace Westside Hospital, Albuquerque60$64,583,412$53,844,79516.6%
Rehoboth McKinley Christian Hospital, Gallup60$49,272,928$66,281,193−34.5%

Patients and payers

Discharges
2,354
S-3 line 14, col 15
Inpatient days
10,099
S-3 line 14, col 8
Beds in use, on an average day
33.2
days ÷ days in year
Occupancy
60.6%
days ÷ bed days
Medicare share of days
64.8%
S-3 cols 6 ÷ 8
Medicaid share of days
4.7%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: MEDCATH INC (75%), home office.

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

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 HOSP10FY2011.ZIP, form CMS-2552-10, filed under CMS certification number 320083. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2011.ZIP, read April 18, 2014.