RED BAY HOSPITAL — History
CCN 011302 | 3-year financial timeline | COVID resilience: 65/100
🛡️ Public data only — no PHI permitted on this instance.
$8M
Latest Revenue (FY2022)
-1.2%
Revenue CAGR (3yr)
-25.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $8M | $8M | $8M | -1.2% | -1.2% |
| Operating Expenses | $11M | $9M | $9M | +8.2% | -5.5% |
| Operating Margin | -36.9% | -14.4% | -25.3% | -76.0% | +0.0% |
| Net Income | $-3M | $-1M | $-2M | -73.8% | +0.0% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 2,176 | 2,536 | 2,957 | +16.6% | +16.6% |
| Medicare Day % | 70% | 68% | 68% | -0.2% | -1.8% |
| Medicaid Day % | 2% | 2% | 2% | -20.7% | +0.1% |
COVID Impact & Recovery
Resilience Score: 65/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: -2.4% ($8M → $8M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-1.2%
This Hospital
+7.6%
State Avg
Latest Margin
-25.3%
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) | $7M | -19.5% |
| FY2024 (proj) | $7M | -13.7% |
| FY2025 (proj) | $7M | -7.9% |