PALMETTO GENERAL HOSPITAL — History
CCN 100187 | 3-year financial timeline | COVID resilience: 30/100
🛡️ Public data only — no PHI permitted on this instance.
$297M
Latest Revenue (FY2022)
-1.5%
Revenue CAGR (3yr)
-8.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $306M | $206M | $297M | +44.0% | -1.5% |
| Operating Expenses | $296M | $178M | $321M | +79.8% | +4.1% |
| Operating Margin | 3.4% | 13.5% | -8.0% | -159.5% | +0.0% |
| Net Income | $11M | $28M | $-24M | -185.6% | +0.0% |
| Licensed Beds | 363 | 360 | 358 | -0.6% | -0.7% |
| Total Patient Days | 76,478 | 46,458 | 73,030 | +57.2% | -2.3% |
| Medicare Day % | 15% | 12% | 12% | +1.8% | -9.6% |
| Medicaid Day % | 10% | 7% | 6% | -9.7% | -20.6% |
COVID Impact & Recovery
Resilience Score: 30/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -3.1% ($306M → $297M)
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
-1.5%
This Hospital
+7.6%
State Avg
Latest Margin
-8.0%
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) | $292M | -13.8% |
| FY2024 (proj) | $287M | -19.5% |
| FY2025 (proj) | $283M | -25.2% |