CARTERSVILLE MEDICAL CENTER — History
CCN 110030 | 3-year financial timeline | COVID resilience: 22/100
🛡️ Public data only — no PHI permitted on this instance.
$124M
Latest Revenue (FY2022)
-8.8%
Revenue CAGR (3yr)
3.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $149M | $167M | $124M | -25.9% | -8.8% |
| Operating Expenses | $100M | $105M | $120M | +14.3% | +9.5% |
| Operating Margin | 32.8% | 37.2% | 3.2% | -91.4% | -68.9% |
| Net Income | $49M | $62M | $4M | -93.7% | -71.6% |
| Licensed Beds | 119 | 119 | 119 | +0.0% | +0.0% |
| Total Patient Days | 35,263 | 39,328 | 30,404 | -22.7% | -7.1% |
| Medicare Day % | 32% | 25% | 26% | +3.9% | -10.1% |
| Medicaid Day % | 8% | 7% | 6% | -15.3% | -15.2% |
COVID Impact & Recovery
Resilience Score: 22/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -16.7% ($149M → $124M)
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
-8.8%
This Hospital
+7.6%
State Avg
Latest Margin
3.2%
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) | $111M | -11.6% |
| FY2024 (proj) | $99M | -26.5% |
| FY2025 (proj) | $87M | -41.3% |