VENICE REGIONAL BAYFRONT HEALTH — History
CCN 100070 | 3-year financial timeline | COVID resilience: 16/100
🛡️ Public data only — no PHI permitted on this instance.
$86M
Latest Revenue (FY2022)
-26.9%
Revenue CAGR (3yr)
-20.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $161M | $173M | $86M | -50.5% | -26.9% |
| Operating Expenses | $158M | $170M | $103M | -39.5% | -19.4% |
| Operating Margin | 1.3% | 1.6% | -20.2% | -1385.0% | +0.0% |
| Net Income | $2M | $3M | $-17M | -736.7% | +0.0% |
| Licensed Beds | 229 | 229 | 229 | +0.0% | +0.0% |
| Total Patient Days | 37,111 | 36,413 | 14,984 | -58.8% | -36.5% |
| Medicare Day % | 48% | 42% | 42% | -1.3% | -7.1% |
| Medicaid Day % | 4% | 5% | 5% | -0.8% | +9.4% |
COVID Impact & Recovery
Resilience Score: 16/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -46.6% ($161M → $86M)
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
-26.9%
This Hospital
+7.6%
State Avg
Latest Margin
-20.2%
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) | $48M | -31.0% |
| FY2024 (proj) | $11M | -41.7% |
| FY2025 (proj) | $-27M | -52.5% |