DREW MEMORIAL HOSPITAL INC — History
CCN 040051 | 3-year financial timeline | COVID resilience: 24/100
🛡️ Public data only — no PHI permitted on this instance.
$35M
Latest Revenue (FY2022)
-6.1%
Revenue CAGR (3yr)
-27.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $40M | $42M | $35M | -15.4% | -6.1% |
| Operating Expenses | $45M | $48M | $45M | -6.1% | +0.3% |
| Operating Margin | -11.7% | -14.6% | -27.2% | -86.6% | +0.0% |
| Net Income | $-5M | $-6M | $-10M | -57.8% | +0.0% |
| Licensed Beds | 50 | 49 | 49 | +0.0% | -1.0% |
| Total Patient Days | 8,735 | 8,452 | 6,379 | -24.5% | -14.5% |
| Medicare Day % | 46% | 43% | 46% | +7.6% | -0.2% |
| Medicaid Day % | 12% | 12% | 12% | -3.7% | -3.0% |
COVID Impact & Recovery
Resilience Score: 24/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -11.7% ($40M → $35M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-6.1%
This Hospital
+7.6%
State Avg
Latest Margin
-27.2%
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) | $33M | -35.0% |
| FY2024 (proj) | $31M | -42.8% |
| FY2025 (proj) | $28M | -50.6% |