KINDRED HOSPITAL NORTH FLORIDA — History
CCN 102015 | 3-year financial timeline | COVID resilience: 16/100
🛡️ Public data only — no PHI permitted on this instance.
$24M
Latest Revenue (FY2022)
-17.3%
Revenue CAGR (3yr)
-28.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $36M | $29M | $24M | -17.3% | -17.3% |
| Operating Expenses | $35M | $35M | $31M | -10.3% | -5.0% |
| Operating Margin | 2.7% | -18.4% | -28.4% | -54.2% | +0.0% |
| Net Income | $1M | $-5M | $-7M | -27.5% | +0.0% |
| Licensed Beds | 58 | 58 | 58 | +0.0% | +0.0% |
| Total Patient Days | 17,569 | 15,979 | 10,952 | -31.5% | -21.0% |
| Medicare Day % | 30% | 26% | 36% | +40.2% | +9.4% |
| Medicaid Day % | nan% | nan% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 16/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -31.7% ($36M → $24M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
-17.3%
This Hospital
+7.6%
State Avg
Latest Margin
-28.4%
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) | $19M | -43.9% |
| FY2024 (proj) | $13M | -59.5% |
| FY2025 (proj) | $7M | -75.0% |