HANCOCK COUNTY HEALTH SYSTEM — History
CCN 161307 | 3-year financial timeline | COVID resilience: 33/100
🛡️ Public data only — no PHI permitted on this instance.
$26M
Latest Revenue (FY2022)
-3.6%
Revenue CAGR (3yr)
-8.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $28M | $28M | $26M | -6.6% | -3.6% |
| Operating Expenses | $28M | $30M | $28M | -4.7% | -0.2% |
| Operating Margin | -0.8% | -6.0% | -8.2% | -35.9% | +0.0% |
| Net Income | $-0M | $-2M | $-2M | -26.9% | +0.0% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 3,224 | 2,993 | 2,901 | -3.1% | -5.1% |
| Medicare Day % | 72% | 70% | 74% | +5.4% | +1.4% |
| Medicaid Day % | 0% | 0% | 0% | +106.3% | +49.1% |
COVID Impact & Recovery
Resilience Score: 33/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.1% ($28M → $26M)
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
-8.2%
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) | $25M | -11.8% |
| FY2024 (proj) | $24M | -15.5% |
| FY2025 (proj) | $23M | -19.2% |