H.C. WATKINS MEMORIAL HOSPITAL — History
CCN 251316 | 3-year financial timeline | COVID resilience: 83/100
🛡️ Public data only — no PHI permitted on this instance.
$21M
Latest Revenue (FY2022)
+13.5%
Revenue CAGR (3yr)
-6.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $16M | $21M | $21M | +0.6% | +13.5% |
| Operating Expenses | $19M | $22M | $22M | -0.8% | +6.6% |
| Operating Margin | -20.7% | -7.8% | -6.4% | +18.0% | +0.0% |
| Net Income | $-3M | $-2M | $-1M | +17.5% | +0.0% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 3,062 | 2,566 | 2,938 | +14.5% | -2.0% |
| Medicare Day % | 56% | 64% | 58% | -9.4% | +1.4% |
| Medicaid Day % | 1% | 1% | 1% | -47.0% | -15.8% |
COVID Impact & Recovery
Resilience Score: 83/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +28.9% ($16M → $21M)
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▼ Declining
vs State Average ()
Revenue Growth
+13.5%
This Hospital
+7.6%
State Avg
Latest Margin
-6.4%
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) | $23M | 0.8% |
| FY2024 (proj) | $25M | 7.9% |
| FY2025 (proj) | $28M | 15.1% |