SUMMITRIDGE HOSPITAL — History
CCN 114004 | 3-year financial timeline | COVID resilience: 22/100
🛡️ Public data only — no PHI permitted on this instance.
$23M
Latest Revenue (FY2022)
-8.3%
Revenue CAGR (3yr)
7.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $27M | $27M | $23M | -15.3% | -8.3% |
| Operating Expenses | $20M | $20M | $21M | +4.4% | +3.7% |
| Operating Margin | 27.3% | 24.6% | 7.1% | -71.0% | -48.9% |
| Net Income | $7M | $7M | $2M | -75.4% | -53.1% |
| Licensed Beds | 96 | 96 | 96 | +0.0% | +0.0% |
| Total Patient Days | 32,423 | 32,652 | 33,769 | +3.4% | +2.1% |
| Medicare Day % | 28% | 22% | 19% | -13.5% | -16.8% |
| Medicaid Day % | nan% | nan% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 22/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -15.8% ($27M → $23M)
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
-8.3%
This Hospital
+7.6%
State Avg
Latest Margin
7.1%
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) | $21M | -2.9% |
| FY2024 (proj) | $19M | -13.0% |
| FY2025 (proj) | $16M | -23.1% |