WAYNE MEMORIAL HOSPITAL — History
CCN 110124 | 3-year financial timeline | COVID resilience: 29/100
🛡️ Public data only — no PHI permitted on this instance.
$80M
Latest Revenue (FY2022)
-7.3%
Revenue CAGR (3yr)
1.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $93M | $89M | $80M | -9.9% | -7.3% |
| Operating Expenses | $85M | $85M | $79M | -7.7% | -3.8% |
| Operating Margin | 8.6% | 4.1% | 1.7% | -58.6% | -55.5% |
| Net Income | $8M | $4M | $1M | -62.7% | -58.7% |
| Licensed Beds | 88 | 88 | 88 | +0.0% | +0.0% |
| Total Patient Days | 13,831 | 15,330 | 11,336 | -26.1% | -9.5% |
| Medicare Day % | 25% | 21% | 22% | +6.1% | -5.6% |
| Medicaid Day % | 5% | 5% | 6% | +8.3% | +3.6% |
COVID Impact & Recovery
Resilience Score: 29/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -14.0% ($93M → $80M)
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
-7.3%
This Hospital
+7.6%
State Avg
Latest Margin
1.7%
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) | $73M | -1.7% |
| FY2024 (proj) | $67M | -5.2% |
| FY2025 (proj) | $60M | -8.6% |