SUMMIT MEDICAL CENTER — History
CCN 050043 | 3-year financial timeline | COVID resilience: 68/100
🛡️ Public data only — no PHI permitted on this instance.
$530M
Latest Revenue (FY2022)
+1.7%
Revenue CAGR (3yr)
5.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $512M | $511M | $530M | +3.6% | +1.7% |
| Operating Expenses | $565M | $565M | $500M | -11.4% | -5.9% |
| Operating Margin | -10.2% | -10.4% | 5.5% | +153.1% | +0.0% |
| Net Income | $-52M | $-53M | $29M | +155.0% | +0.0% |
| Licensed Beds | 403 | 403 | 403 | +0.0% | +0.0% |
| Total Patient Days | 47,066 | 48,872 | 54,283 | +11.1% | +7.4% |
| Medicare Day % | 43% | 39% | 36% | -8.2% | -8.3% |
| Medicaid Day % | 5% | 5% | 6% | +18.2% | +4.0% |
COVID Impact & Recovery
Resilience Score: 68/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +3.4% ($512M → $530M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+1.7%
This Hospital
+7.6%
State Avg
Latest Margin
5.5%
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) | $538M | 13.4% |
| FY2024 (proj) | $547M | 21.3% |
| FY2025 (proj) | $556M | 29.1% |