LOVELACE MEDICAL CENTER- DOWNTOWN — History
CCN 320009 | 3-year financial timeline | COVID resilience: 26/100
🛡️ Public data only — no PHI permitted on this instance.
$338M
Latest Revenue (FY2022)
-3.9%
Revenue CAGR (3yr)
-11.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $366M | $350M | $338M | -3.2% | -3.9% |
| Operating Expenses | $350M | $347M | $376M | +8.4% | +3.7% |
| Operating Margin | 4.4% | 0.7% | -11.2% | -1622.3% | +0.0% |
| Net Income | $16M | $3M | $-38M | -1573.3% | +0.0% |
| Licensed Beds | 293 | 286 | 286 | +0.0% | -1.2% |
| Total Patient Days | 70,409 | 67,915 | 65,763 | -3.2% | -3.4% |
| Medicare Day % | 30% | 25% | 24% | -5.3% | -10.8% |
| Medicaid Day % | 4% | 2% | 2% | -34.8% | -38.7% |
COVID Impact & Recovery
Resilience Score: 26/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.6% ($366M → $338M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-3.9%
This Hospital
+7.6%
State Avg
Latest Margin
-11.2%
This Hospital
-4.6%
State Avg
Projections (FY2023-2025)
Extrapolated from 3-year trend using linear projection. Does not account for regulatory or market changes.
| Year | Revenue (proj) | Margin (proj) |
|---|---|---|
| FY2023 (proj) | $324M | -19.0% |
| FY2024 (proj) | $310M | -26.8% |
| FY2025 (proj) | $297M | -34.6% |