SKY RIDGE MEDICAL CENTER — History
CCN 060112 | 3-year financial timeline | COVID resilience: 40/100
🛡️ Public data only — no PHI permitted on this instance.
$545M
Latest Revenue (FY2022)
+0.6%
Revenue CAGR (3yr)
28.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $538M | $558M | $545M | -2.4% | +0.6% |
| Operating Expenses | $350M | $375M | $387M | +3.2% | +5.3% |
| Operating Margin | 35.1% | 32.8% | 28.9% | -11.8% | -9.2% |
| Net Income | $189M | $183M | $157M | -14.0% | -8.7% |
| Licensed Beds | 274 | 273 | 273 | +0.0% | -0.2% |
| Total Patient Days | 61,715 | 67,143 | 64,447 | -4.0% | +2.2% |
| Medicare Day % | 17% | 17% | 17% | -3.1% | +0.7% |
| Medicaid Day % | 10% | 12% | 10% | -10.5% | +2.2% |
COVID Impact & Recovery
Resilience Score: 40/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +1.2% ($538M → $545M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+0.6%
This Hospital
+7.6%
State Avg
Latest Margin
28.9%
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) | $548M | 25.8% |
| FY2024 (proj) | $551M | 22.7% |
| FY2025 (proj) | $554M | 19.7% |