SOUTH SHORE HOSPITAL CORPORATION — History
CCN 140181 | 3-year financial timeline | COVID resilience: 28/100
🛡️ Public data only — no PHI permitted on this instance.
$33M
Latest Revenue (FY2022)
-3.4%
Revenue CAGR (3yr)
-44.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $35M | $35M | $33M | -4.8% | -3.4% |
| Operating Expenses | $45M | $47M | $48M | +2.9% | +3.2% |
| Operating Margin | -26.8% | -33.8% | -44.8% | -32.2% | +0.0% |
| Net Income | $-10M | $-12M | $-15M | -25.8% | +0.0% |
| Licensed Beds | 122 | 122 | 122 | +0.0% | +0.0% |
| Total Patient Days | 13,612 | 12,000 | 11,911 | -0.7% | -6.5% |
| Medicare Day % | 43% | 42% | 35% | -17.3% | -10.2% |
| Medicaid Day % | 5% | 4% | 3% | -20.9% | -24.7% |
COVID Impact & Recovery
Resilience Score: 28/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -6.7% ($35M → $33M)
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
-3.4%
This Hospital
+7.6%
State Avg
Latest Margin
-44.8%
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) | $32M | -53.7% |
| FY2024 (proj) | $31M | -62.7% |
| FY2025 (proj) | $30M | -71.7% |