GARRETT COUNTY MEMORIAL HOSPITAL — History
CCN 210017 | 3-year financial timeline | COVID resilience: 26/100
🛡️ Public data only — no PHI permitted on this instance.
$36M
Latest Revenue (FY2022)
-24.2%
Revenue CAGR (3yr)
-4.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $62M | $68M | $36M | -47.4% | -24.2% |
| Operating Expenses | $67M | $78M | $37M | -51.9% | -25.5% |
| Operating Margin | -8.6% | -14.7% | -4.9% | +66.9% | +0.0% |
| Net Income | $-5M | $-10M | $-2M | +82.6% | +0.0% |
| Licensed Beds | 26 | 26 | 21 | -19.2% | -10.1% |
| Total Patient Days | 5,224 | 6,019 | 2,406 | -60.0% | -32.1% |
| Medicare Day % | 50% | 46% | 48% | +4.4% | -1.9% |
| Medicaid Day % | 5% | 6% | 7% | +22.8% | +18.8% |
COVID Impact & Recovery
Resilience Score: 26/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -42.6% ($62M → $36M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-24.2%
This Hospital
+7.6%
State Avg
Latest Margin
-4.9%
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) | $22M | -3.0% |
| FY2024 (proj) | $9M | -1.1% |
| FY2025 (proj) | $-4M | 0.7% |