LARKIN HOSP PALM SPRINGS CAMPUS LLC — History
CCN 100050 | 3-year financial timeline | COVID resilience: 50/100
🛡️ Public data only — no PHI permitted on this instance.
$-252M
Latest Revenue (FY2022)
+0.0%
Revenue CAGR (3yr)
-2.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $64M | $73M | $-252M | -447.2% | +0.0% |
| Operating Expenses | $72M | $75M | $79M | +5.9% | +4.8% |
| Operating Margin | -12.9% | -2.6% | 0.0% | — | +0.0% |
| Net Income | $-8M | $-2M | $-332M | -17200.3% | +0.0% |
| Licensed Beds | 119 | 119 | 119 | +0.0% | +0.0% |
| Total Patient Days | 27,291 | 23,387 | 19,119 | -18.2% | -16.3% |
| Medicare Day % | 48% | 34% | 31% | -8.2% | -19.4% |
| Medicaid Day % | 1% | 6% | 0% | -96.0% | -45.4% |
COVID Impact & Recovery
Resilience Score: 50/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -495.4% ($64M → $-252M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+0.0%
This Hospital
+7.6%
State Avg
Latest Margin
-2.6%
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) | $-411M | 7.6% |
| FY2024 (proj) | $-569M | 17.9% |
| FY2025 (proj) | $-727M | 28.1% |