PASSAVANT AREA HOSPITAL — History
CCN 140058 | 3-year financial timeline | COVID resilience: 49/100
🛡️ Public data only — no PHI permitted on this instance.
$61M
Latest Revenue (FY2022)
-15.9%
Revenue CAGR (3yr)
-7.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $86M | $102M | $61M | -40.1% | -15.9% |
| Operating Expenses | $94M | $92M | $65M | -28.9% | -16.4% |
| Operating Margin | -8.5% | 9.8% | -7.0% | -171.5% | +0.0% |
| Net Income | $-7M | $10M | $-4M | -142.9% | +0.0% |
| Licensed Beds | 88 | 106 | 106 | +0.0% | +9.8% |
| Total Patient Days | 7,963 | 8,932 | 6,208 | -30.5% | -11.7% |
| Medicare Day % | 43% | 44% | 37% | -16.4% | -7.4% |
| Medicaid Day % | 3% | 3% | 1% | -67.9% | -40.0% |
COVID Impact & Recovery
Resilience Score: 49/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -29.2% ($86M → $61M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-15.9%
This Hospital
+7.6%
State Avg
Latest Margin
-7.0%
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) | $49M | -6.3% |
| FY2024 (proj) | $36M | -5.6% |
| FY2025 (proj) | $23M | -4.9% |