WITHAM MEMORIAL HOSPITAL — History
CCN 150104 | 3-year financial timeline | COVID resilience: 35/100
🛡️ Public data only — no PHI permitted on this instance.
$159M
Latest Revenue (FY2022)
+3.2%
Revenue CAGR (3yr)
-11.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $149M | $162M | $159M | -1.9% | +3.2% |
| Operating Expenses | $164M | $165M | $177M | +7.2% | +3.8% |
| Operating Margin | -10.3% | -2.1% | -11.6% | -447.2% | +0.0% |
| Net Income | $-15M | $-3M | $-18M | -436.8% | +0.0% |
| Licensed Beds | 71 | 79 | 50 | -36.7% | -16.1% |
| Total Patient Days | 8,892 | 9,731 | 9,607 | -1.3% | +3.9% |
| Medicare Day % | 35% | 29% | 31% | +5.7% | -5.7% |
| Medicaid Day % | 3% | 3% | 3% | -20.0% | -13.2% |
COVID Impact & Recovery
Resilience Score: 35/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +6.6% ($149M → $159M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+3.2%
This Hospital
+7.6%
State Avg
Latest Margin
-11.6%
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) | $163M | -12.3% |
| FY2024 (proj) | $168M | -12.9% |
| FY2025 (proj) | $173M | -13.6% |