KINDRED HOSPITAL THE PALM BEACHES — History
CCN 102025 | 3-year financial timeline | COVID resilience: 13/100
🛡️ Public data only — no PHI permitted on this instance.
$27M
Latest Revenue (FY2022)
-5.5%
Revenue CAGR (3yr)
-12.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $30M | $33M | $27M | -17.6% | -5.5% |
| Operating Expenses | $29M | $30M | $30M | +0.4% | +2.3% |
| Operating Margin | 4.3% | 8.0% | -12.1% | -250.8% | +0.0% |
| Net Income | $1M | $3M | $-3M | -224.2% | +0.0% |
| Licensed Beds | 70 | 70 | 57 | -18.6% | -9.8% |
| Total Patient Days | 17,936 | 18,244 | 17,622 | -3.4% | -0.9% |
| Medicare Day % | 33% | 26% | 31% | +17.7% | -3.6% |
| Medicaid Day % | nan% | nan% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 13/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -10.7% ($30M → $27M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-5.5%
This Hospital
+7.6%
State Avg
Latest Margin
-12.1%
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) | $25M | -20.4% |
| FY2024 (proj) | $24M | -28.6% |
| FY2025 (proj) | $22M | -36.8% |