HARVARD MEMORIAL HOSPITAL — History
CCN 141335 | 3-year financial timeline | COVID resilience: 37/100
🛡️ Public data only — no PHI permitted on this instance.
$30M
Latest Revenue (FY2022)
-3.6%
Revenue CAGR (3yr)
12.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $33M | $32M | $30M | -6.2% | -3.6% |
| Operating Expenses | $27M | $28M | $27M | -5.2% | -1.1% |
| Operating Margin | 16.9% | 13.5% | 12.5% | -7.5% | -14.2% |
| Net Income | $6M | $4M | $4M | -13.2% | -17.3% |
| Licensed Beds | 13 | 13 | 13 | +0.0% | +0.0% |
| Total Patient Days | 1,093 | 1,063 | 606 | -43.0% | -25.5% |
| Medicare Day % | 46% | 46% | 47% | +1.4% | +1.1% |
| Medicaid Day % | 1% | 2% | 2% | +31.6% | +44.3% |
COVID Impact & Recovery
Resilience Score: 37/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.2% ($33M → $30M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
-3.6%
This Hospital
+7.6%
State Avg
Latest Margin
12.5%
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) | $29M | 10.2% |
| FY2024 (proj) | $28M | 8.0% |
| FY2025 (proj) | $27M | 5.8% |