PROVIDENT HOSPITAL — History
CCN 140300 | 3-year financial timeline | COVID resilience: 16/100
🛡️ Public data only — no PHI permitted on this instance.
$29M
Latest Revenue (FY2022)
-32.5%
Revenue CAGR (3yr)
-100.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $65M | $21M | $29M | +37.6% | -32.5% |
| Operating Expenses | $63M | $63M | $81M | +29.0% | +14.1% |
| Operating Margin | 3.2% | -100.0% | -100.0% | +0.0% | +0.0% |
| Net Income | $2M | $-42M | $-52M | -24.6% | +0.0% |
| Licensed Beds | 31 | 25 | 31 | +24.0% | +0.0% |
| Total Patient Days | 3,104 | 1,632 | 2,466 | +51.1% | -10.9% |
| Medicare Day % | 12% | 10% | 10% | -5.9% | -10.9% |
| Medicaid Day % | 18% | 2% | 2% | -5.7% | -63.9% |
COVID Impact & Recovery
Resilience Score: 16/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -54.4% ($65M → $29M)
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
-32.5%
This Hospital
+7.6%
State Avg
Latest Margin
-100.0%
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) | $12M | -151.6% |
| FY2024 (proj) | $-6M | -203.2% |
| FY2025 (proj) | $-23M | -254.8% |