Lovelace Health System Market Research Report
Company Overview
Lovelace Health System is a prominent healthcare provider operating across New Mexico, with a comprehensive network that includes six hospitals located in Albuquerque and Roswell. The facilities under Lovelace's management are Lovelace Medical Center, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Women's Hospital, Lovelace Westside Hospital, Lovelace Regional Hospital, and Lovelace UNM Rehabilitation Hospital. In addition, the system includes the Lovelace Medical Group/Southwest Medical Associates and the New Mexico Heart Institute.
The system boasts a workforce of over 3,500 employees, including more than 300 healthcare providers, and operates 619 inpatient beds across 38 sites of care, such as seven outpatient therapy centers. In 2024, Lovelace Health System recorded 95,395 emergency department visits, 20,233 surgeries, 23,113 inpatient admissions, 3,159 newborn deliveries, and 384,297 outpatient visits. Lovelace Health System is committed to community service, providing over $99 million in charity care and $404,000 in charitable contributions and community support in 2023.
Leadership Team
- Troy Greer - Market President and CEO. Troy has an extensive career history with Lovelace, including leadership roles at Shaw Medical Center and Lovelace Medical Center. With a Master of Science in Healthcare Administration and an MBA from the University of Alabama-Birmingham, his leadership has led the organization to receive accolades such as Best Places to Work in Healthcare.
- Sara Limón - Market Vice President of Human Resources. With 30 years of experience, Sara has held major roles including Chief Strategy Officer at HUB International and COO at Delta Dental. She is a notable figure in New Mexico's healthcare sector.
- Meghann Hutchison - Market Chief Financial Officer. Meghann has influenced Lovelace’s financial strategy significantly, holding a BA in Psychology and Criminal Justice from New Mexico State University and is a certified public accountant.
- Dr. Vesta Sandoval - Chief Medical Officer. Dr. Sandoval has been a leader at Lovelace Medical Center, holding positions like Chief of Staff and playing vital roles in various committees. Her academic background includes a medical degree from Texas Tech University Health Science Center.
Services and Specialties
Lovelace Health System offers a diversity of medical services and specialties:
- Cancer Care
- Cardiology
- Neurosciences
- Orthopedics
- OB/GYN
- Emergency Services
- Rehabilitation
Particular hospitals within the network are notable for specialized services such as being the only hospital dedicated to women's health in New Mexico.
For further details, visit their [website](https://lovelace.com/) or contact them at 505-727-8000.
Competitor Analysis
Key Competitors
1. San Juan Regional Medical Center
- Revenue: $405.6 million
- Employees: 1,073
- Growth: 7%
- Located in Farmington, NM, this non-profit hospital serves the Four Corners region extensively.
2. New Mexico Heart Institute
- Part of Lovelace Medical Group, dedicated to cardiovascular care, encapsulating Lovelace’s focus in this specialty.
3. Sage Neuroscience Center
- Specialized in behavioral health and addiction services, providing personalized healthcare solutions.
4. Presbyterian Healthcare Services
- A significant healthcare entity in New Mexico, operating hospitals, medical groups, and providing health insurance.
5. Presbyterian Medical Services
- Focused on community healthcare improvement; offers extensive healthcare, educational, and social services.
6. Heritage Home Healthcare and Hospice
- Specializes in home healthcare and hospice services, contributing significantly within this sector.
Strategic Insights
Lovelace Health System has established itself as a major player in the New Mexico healthcare sector, bolstered by national recognition and a holistic healthcare approach integrating medical and insurance services. Strategic initiatives focus on:
- Leveraging national recognition and strong community engagement to enhance patient trust and loyalty.
- Expanding specialized services and embracing technological advancements to meet evolving healthcare demands.
- Strengthening service integration to improve patient care coordination across its network.
- Investing in workforce development to maintain high-quality services and operational efficiency.
These strategic efforts position Lovelace Health System advantageously in the competitive healthcare market of New Mexico, poised for potential growth and service enhancement to capture a larger market share.
