HIGGINS GENERAL HOSPITAL — History
CCN 111320 | 3-year financial timeline | COVID resilience: 58/100
🛡️ Public data only — no PHI permitted on this instance.
$41M
Latest Revenue (FY2022)
+9.9%
Revenue CAGR (3yr)
21.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $34M | $42M | $41M | -1.2% | +9.9% |
| Operating Expenses | $27M | $30M | $33M | +6.8% | +9.8% |
| Operating Margin | 21.0% | 27.1% | 21.2% | -21.8% | +0.5% |
| Net Income | $7M | $11M | $9M | -22.7% | +10.4% |
| Licensed Beds | 25 | 15 | 23 | +53.3% | -4.1% |
| Total Patient Days | 4,789 | 4,570 | 4,460 | -2.4% | -3.5% |
| Medicare Day % | 41% | 42% | 37% | -11.6% | -4.7% |
| Medicaid Day % | 3% | 3% | 1% | -48.8% | -37.7% |
COVID Impact & Recovery
Resilience Score: 58/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +20.9% ($34M → $41M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▶ Stable
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+9.9%
This Hospital
+7.6%
State Avg
Latest Margin
21.2%
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) | $45M | 21.3% |
| FY2024 (proj) | $48M | 21.4% |
| FY2025 (proj) | $52M | 21.5% |