HENNEPIN COUNTY MEDICAL CENTER — History
CCN 240004 | 3-year financial timeline | COVID resilience: 80/100
🛡️ Public data only — no PHI permitted on this instance.
$1.2B
Latest Revenue (FY2022)
+13.8%
Revenue CAGR (3yr)
-11.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $922M | $1.1B | $1.2B | +8.4% | +13.8% |
| Operating Expenses | $1.1B | $1.2B | $1.3B | +13.1% | +10.1% |
| Operating Margin | -18.9% | -6.5% | -11.2% | -71.7% | +0.0% |
| Net Income | $-174M | $-72M | $-134M | -86.1% | +0.0% |
| Licensed Beds | 330 | 334 | 335 | +0.3% | +0.8% |
| Total Patient Days | 87,769 | 95,734 | 95,306 | -0.4% | +4.2% |
| Medicare Day % | 19% | 17% | 17% | -0.2% | -5.0% |
| Medicaid Day % | 16% | 15% | 13% | -13.3% | -9.9% |
COVID Impact & Recovery
Resilience Score: 80/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +29.5% ($922M → $1.2B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+13.8%
This Hospital
+7.6%
State Avg
Latest Margin
-11.2%
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) | $1.3B | -7.4% |
| FY2024 (proj) | $1.5B | -3.5% |
| FY2025 (proj) | $1.6B | 0.3% |