THE WILLIAM W. BACKUS HOSPITAL — History
CCN 070024 | 3-year financial timeline | COVID resilience: 70/100
🛡️ Public data only — no PHI permitted on this instance.
$412M
Latest Revenue (FY2022)
+9.1%
Revenue CAGR (3yr)
-4.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $346M | $384M | $412M | +7.3% | +9.1% |
| Operating Expenses | $371M | $394M | $429M | +9.0% | +7.6% |
| Operating Margin | -7.3% | -2.6% | -4.3% | -63.9% | +0.0% |
| Net Income | $-25M | $-10M | $-18M | -75.8% | +0.0% |
| Licensed Beds | 165 | 165 | 172 | +4.2% | +2.1% |
| Total Patient Days | 44,041 | 45,900 | 50,226 | +9.4% | +6.8% |
| Medicare Day % | 36% | 32% | 30% | -5.5% | -8.9% |
| Medicaid Day % | 21% | 19% | 23% | +18.1% | +4.5% |
COVID Impact & Recovery
Resilience Score: 70/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +19.0% ($346M → $412M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+9.1%
This Hospital
+7.6%
State Avg
Latest Margin
-4.3%
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) | $445M | -2.8% |
| FY2024 (proj) | $477M | -1.3% |
| FY2025 (proj) | $510M | 0.2% |