COVENANT HEALTH HOBBS HOSPITAL — financial and operating metrics

CCN 320065, HOBBS, NM · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2021 (180 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2020FY2021
180d
FY2022FY2023FY2024FY2025
Total facility beds availableunverified616161342527
Total bed days availableunverified22,32611,04122,26512,4109,1509,855
Total facility dischargesunverified1,9008681,9791,1051,0261,442
Total facility inpatient daysunverified5,8232,2595,6933,3033,3634,100
Total patient revenue (gross charges)unverified$198,111,358$100,797,066$201,812,415$166,462,649$200,747,067$240,793,880
Contractual allowances and discountsunverified$155,258,225$78,401,933$157,528,946$134,660,445$162,895,193$185,212,858
Net patient revenueunverified$42,853,133$22,395,133$44,283,469$31,802,204$37,851,874$55,581,022
Total operating expensesunverified$44,037,999$22,645,877$50,354,863$50,141,966$71,133,177$63,446,740
Net income from service to patientsunverified$-1,184,866$-250,744$-6,071,394$-18,339,762$-33,281,303$-7,865,718
Net incomeunverified$5,462,641$23,219,646$-6,257,880$-17,746,879$-32,199,804$-4,785,835
Cost of uncompensated careunverified$3,778,725$1,154,152$4,590,582$2,715,990$6,438,508$7,360,870
Total facility bad debt expenseunverified$11,701,430$644,349$8,602,649$775,435$2,161,544$4,069,193
Charity care charges and uninsured discountsunverified$8,280,591$4,293,036$7,426,049$7,877,266$19,230,066$26,166,854
Cost of charity careunverified$1,547,030$994,031$2,134,026$2,474,665$5,853,169$6,502,511
Charges for insured patients' liabilityunverified$18,928$3,633
Operating marginunverified-2.8%-1.1%-13.7%-57.7%-87.9%-14.2%
Overall cost-to-charge ratiounverified22.2%22.5%25.0%30.1%35.4%26.3%
Occupancy rateunverified26.1%20.5%25.6%26.6%36.8%41.6%
Average length of stayunverified3.12.62.93.03.32.8
Uncompensated care as % of operating expenseunverified8.6%5.1%9.1%5.4%9.1%11.6%
Charity care cost-to-charge ratiounverified18.7%23.2%28.7%31.4%30.4%24.9%
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