SEASIDE HEALTH SYSTEM — History
CCN 194103 | 3-year financial timeline | COVID resilience: 34/100
🛡️ Public data only — no PHI permitted on this instance.
$13M
Latest Revenue (FY2022)
-5.8%
Revenue CAGR (3yr)
3.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $15M | $17M | $13M | -23.3% | -5.8% |
| Operating Expenses | $13M | $14M | $13M | -9.1% | -3.3% |
| Operating Margin | 8.4% | 18.5% | 3.4% | -81.5% | -36.2% |
| Net Income | $1M | $3M | $0M | -85.8% | -39.9% |
| Licensed Beds | 64 | 64 | 64 | +0.0% | +0.0% |
| Total Patient Days | 12,666 | 16,172 | 11,396 | -29.5% | -5.1% |
| Medicare Day % | 10% | 9% | 7% | -24.2% | -15.9% |
| Medicaid Day % | 0% | 0% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 34/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -11.3% ($15M → $13M)
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
-5.8%
This Hospital
+7.6%
State Avg
Latest Margin
3.4%
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) | $12M | 0.9% |
| FY2024 (proj) | $11M | -1.6% |
| FY2025 (proj) | $11M | -4.1% |