THOREK MEMORIAL HOSPITAL — History
CCN 140115 | 3-year financial timeline | COVID resilience: 49/100
🛡️ Public data only — no PHI permitted on this instance.
$53M
Latest Revenue (FY2022)
+4.4%
Revenue CAGR (3yr)
-35.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $49M | $51M | $53M | +3.2% | +4.4% |
| Operating Expenses | $64M | $69M | $72M | +3.8% | +6.1% |
| Operating Margin | -31.6% | -35.0% | -35.8% | -2.3% | +0.0% |
| Net Income | $-15M | $-18M | $-19M | -5.6% | +0.0% |
| Licensed Beds | 156 | 156 | 156 | +0.0% | +0.0% |
| Total Patient Days | 20,603 | 18,688 | 17,992 | -3.7% | -6.6% |
| Medicare Day % | 24% | 23% | 21% | -6.2% | -6.3% |
| Medicaid Day % | 6% | 4% | 5% | +19.0% | -10.4% |
COVID Impact & Recovery
Resilience Score: 49/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +9.1% ($49M → $53M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+4.4%
This Hospital
+7.6%
State Avg
Latest Margin
-35.8%
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) | $55M | -37.9% |
| FY2024 (proj) | $57M | -40.0% |
| FY2025 (proj) | $60M | -42.2% |