RAPIDES REGIONAL MEDICAL CENTER — History
CCN 190026 | 3-year financial timeline | COVID resilience: 28/100
🛡️ Public data only — no PHI permitted on this instance.
$230M
Latest Revenue (FY2022)
-3.8%
Revenue CAGR (3yr)
-17.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $249M | $247M | $230M | -6.6% | -3.8% |
| Operating Expenses | $258M | $272M | $271M | -0.3% | +2.5% |
| Operating Margin | -3.6% | -10.3% | -17.7% | -71.8% | +0.0% |
| Net Income | $-9M | $-25M | $-41M | -60.4% | +0.0% |
| Licensed Beds | 375 | 375 | 375 | +0.0% | +0.0% |
| Total Patient Days | 85,666 | 85,639 | 76,577 | -10.6% | -5.5% |
| Medicare Day % | 36% | 31% | 30% | -3.3% | -9.2% |
| Medicaid Day % | 3% | 2% | 2% | +18.9% | -5.2% |
COVID Impact & Recovery
Resilience Score: 28/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.6% ($249M → $230M)
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
-3.8%
This Hospital
+7.6%
State Avg
Latest Margin
-17.7%
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) | $221M | -24.8% |
| FY2024 (proj) | $212M | -31.9% |
| FY2025 (proj) | $202M | -38.9% |