MERCY HOSPITAL IOWA CITY — History
CCN 160029 | 3-year financial timeline | COVID resilience: 42/100
🛡️ Public data only — no PHI permitted on this instance.
$145M
Latest Revenue (FY2022)
-1.0%
Revenue CAGR (3yr)
-28.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $148M | $147M | $145M | -1.5% | -1.0% |
| Operating Expenses | $169M | $183M | $185M | +1.1% | +4.7% |
| Operating Margin | -14.5% | -24.9% | -28.1% | -13.0% | +0.0% |
| Net Income | $-21M | $-37M | $-41M | -11.3% | +0.0% |
| Licensed Beds | 183 | 211 | 211 | +0.0% | +7.4% |
| Total Patient Days | 23,558 | 22,722 | 20,445 | -10.0% | -6.8% |
| Medicare Day % | 39% | 38% | 35% | -7.0% | -5.5% |
| Medicaid Day % | 12% | 11% | 7% | -32.5% | -21.2% |
COVID Impact & Recovery
Resilience Score: 42/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -2.0% ($148M → $145M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-1.0%
This Hospital
+7.6%
State Avg
Latest Margin
-28.1%
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) | $143M | -34.9% |
| FY2024 (proj) | $142M | -41.7% |
| FY2025 (proj) | $140M | -48.6% |