FIRST CARE MEDICAL SERVICES — History
CCN 241357 | 3-year financial timeline | COVID resilience: 38/100
🛡️ Public data only — no PHI permitted on this instance.
$30M
Latest Revenue (FY2022)
+2.0%
Revenue CAGR (3yr)
1.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $29M | $29M | $30M | +4.1% | +2.0% |
| Operating Expenses | $26M | $30M | $30M | +0.8% | +6.6% |
| Operating Margin | 10.0% | -1.6% | 1.6% | +197.3% | -59.9% |
| Net Income | $3M | $-0M | $0M | +201.4% | -59.1% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 1,951 | 1,344 | 1,102 | -18.0% | -24.8% |
| Medicare Day % | 34% | 34% | 51% | +49.1% | +22.2% |
| Medicaid Day % | 6% | 3% | 3% | +36.3% | -23.2% |
COVID Impact & Recovery
Resilience Score: 38/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +4.0% ($29M → $30M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
+2.0%
This Hospital
+7.6%
State Avg
Latest Margin
1.6%
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) | $31M | -2.6% |
| FY2024 (proj) | $32M | -6.7% |
| FY2025 (proj) | $32M | -10.9% |