COVENANT MEDICAL CENTER — History
CCN 230070 | 3-year financial timeline | COVID resilience: 38/100
🛡️ Public data only — no PHI permitted on this instance.
$681M
Latest Revenue (FY2022)
+0.2%
Revenue CAGR (3yr)
-10.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $678M | $685M | $681M | -0.6% | +0.2% |
| Operating Expenses | $706M | $766M | $752M | -1.8% | +3.3% |
| Operating Margin | -4.0% | -11.8% | -10.5% | +10.8% | +0.0% |
| Net Income | $-27M | $-81M | $-72M | +11.4% | +0.0% |
| Licensed Beds | 474 | 464 | 464 | +0.0% | -1.1% |
| Total Patient Days | 129,882 | 130,739 | 123,236 | -5.7% | -2.6% |
| Medicare Day % | 28% | 25% | 21% | -13.2% | -12.4% |
| Medicaid Day % | 7% | 10% | 4% | -58.3% | -19.1% |
COVID Impact & Recovery
Resilience Score: 38/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +0.4% ($678M → $681M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+0.2%
This Hospital
+7.6%
State Avg
Latest Margin
-10.5%
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) | $682M | -13.8% |
| FY2024 (proj) | $683M | -17.0% |
| FY2025 (proj) | $685M | -20.2% |