SUMMIT HEALTHCARE — History
CCN 030062 | 3-year financial timeline | COVID resilience: 83/100
🛡️ Public data only — no PHI permitted on this instance.
$254M
Latest Revenue (FY2022)
+15.4%
Revenue CAGR (3yr)
-2.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $191M | $237M | $254M | +7.1% | +15.4% |
| Operating Expenses | $219M | $256M | $261M | +2.1% | +9.3% |
| Operating Margin | -14.8% | -8.0% | -2.9% | +63.8% | +0.0% |
| Net Income | $-28M | $-19M | $-7M | +61.2% | +0.0% |
| Licensed Beds | 89 | 89 | 89 | +0.0% | +0.0% |
| Total Patient Days | 16,432 | 21,579 | 19,032 | -11.8% | +7.6% |
| Medicare Day % | 39% | 34% | 31% | -8.0% | -10.2% |
| Medicaid Day % | 11% | 7% | 8% | +5.3% | -13.7% |
COVID Impact & Recovery
Resilience Score: 83/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +33.3% ($191M → $254M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+15.4%
This Hospital
+7.6%
State Avg
Latest Margin
-2.9%
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) | $286M | 3.1% |
| FY2024 (proj) | $318M | 9.0% |
| FY2025 (proj) | $349M | 15.0% |