ADCARE HOSPITAL OF WORCESTER — History
CCN 220062 | 3-year financial timeline | COVID resilience: 52/100
🛡️ Public data only — no PHI permitted on this instance.
$36M
Latest Revenue (FY2022)
-1.1%
Revenue CAGR (3yr)
-2.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $37M | $35M | $36M | +2.7% | -1.1% |
| Operating Expenses | $39M | $37M | $37M | +1.3% | -2.2% |
| Operating Margin | -4.4% | -3.4% | -2.0% | +42.7% | +0.0% |
| Net Income | $-2M | $-1M | $-1M | +41.1% | +0.0% |
| Licensed Beds | 114 | 114 | 114 | +0.0% | +0.0% |
| Total Patient Days | 34,013 | 31,025 | 36,054 | +16.2% | +3.0% |
| Medicare Day % | 47% | 45% | 37% | -18.9% | -11.3% |
| Medicaid Day % | 1% | 0% | 0% | -20.2% | -38.8% |
COVID Impact & Recovery
Resilience Score: 52/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -2.1% ($37M → $36M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-1.1%
This Hospital
+7.6%
State Avg
Latest Margin
-2.0%
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) | $36M | -0.7% |
| FY2024 (proj) | $36M | 0.5% |
| FY2025 (proj) | $35M | 1.7% |