GARFIELD MEDICAL CENTER — History
CCN 050737 | 3-year financial timeline | COVID resilience: 16/100
🛡️ Public data only — no PHI permitted on this instance.
$183M
Latest Revenue (FY2022)
-20.0%
Revenue CAGR (3yr)
-71.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $286M | $302M | $183M | -39.4% | -20.0% |
| Operating Expenses | $291M | $300M | $314M | +4.4% | +3.8% |
| Operating Margin | -1.9% | 0.5% | -71.4% | -15041.9% | +0.0% |
| Net Income | $-5M | $1M | $-131M | -9161.5% | +0.0% |
| Licensed Beds | 182 | 182 | 182 | +0.0% | +0.0% |
| Total Patient Days | 40,781 | 42,878 | 43,468 | +1.4% | +3.2% |
| Medicare Day % | 25% | 24% | 25% | +1.5% | +0.1% |
| Medicaid Day % | 8% | 7% | 7% | +2.8% | -8.6% |
COVID Impact & Recovery
Resilience Score: 16/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -36.0% ($286M → $183M)
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
-20.0%
This Hospital
+7.6%
State Avg
Latest Margin
-71.4%
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) | $132M | -106.1% |
| FY2024 (proj) | $80M | -140.9% |
| FY2025 (proj) | $29M | -175.7% |