NORWALK HOSPITAL — History
CCN 070034 | 3-year financial timeline | COVID resilience: 50/100
🛡️ Public data only — no PHI permitted on this instance.
$335M
Latest Revenue (FY2022)
+2.2%
Revenue CAGR (3yr)
-17.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $321M | $345M | $335M | -2.8% | +2.2% |
| Operating Expenses | $382M | $373M | $394M | +5.7% | +1.6% |
| Operating Margin | -19.0% | -8.2% | -17.7% | -116.5% | +0.0% |
| Net Income | $-61M | $-28M | $-59M | -110.4% | +0.0% |
| Licensed Beds | 236 | 218 | 218 | +0.0% | -3.9% |
| Total Patient Days | 43,288 | 40,517 | 40,926 | +1.0% | -2.8% |
| Medicare Day % | 40% | 39% | 39% | -0.1% | -1.0% |
| Medicaid Day % | 19% | 19% | 17% | -9.7% | -5.5% |
COVID Impact & Recovery
Resilience Score: 50/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +4.4% ($321M → $335M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+2.2%
This Hospital
+7.6%
State Avg
Latest Margin
-17.7%
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) | $342M | -17.1% |
| FY2024 (proj) | $349M | -16.4% |
| FY2025 (proj) | $356M | -15.8% |