FREDERICK MEMORIAL HOSPITAL — History
CCN 210005 | 3-year financial timeline | COVID resilience: 30/100
🛡️ Public data only — no PHI permitted on this instance.
$389M
Latest Revenue (FY2022)
-1.2%
Revenue CAGR (3yr)
-6.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $398M | $400M | $389M | -2.8% | -1.2% |
| Operating Expenses | $384M | $408M | $413M | +1.0% | +3.7% |
| Operating Margin | 3.7% | -2.1% | -6.2% | -193.0% | +0.0% |
| Net Income | $15M | $-8M | $-24M | -184.7% | +0.0% |
| Licensed Beds | 284 | 284 | 279 | -1.8% | -0.9% |
| Total Patient Days | 73,100 | 77,391 | 75,358 | -2.6% | +1.5% |
| Medicare Day % | 42% | 42% | 45% | +6.4% | +3.4% |
| Medicaid Day % | 5% | 5% | 4% | -16.8% | -8.2% |
COVID Impact & Recovery
Resilience Score: 30/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -2.5% ($398M → $389M)
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
-1.2%
This Hospital
+7.6%
State Avg
Latest Margin
-6.2%
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) | $384M | -11.1% |
| FY2024 (proj) | $379M | -16.1% |
| FY2025 (proj) | $374M | -21.0% |