MORRISTOWN MEDICAL CENTER — History
CCN 310015 | 3-year financial timeline | COVID resilience: 80/100
🛡️ Public data only — no PHI permitted on this instance.
$1.7B
Latest Revenue (FY2022)
+13.9%
Revenue CAGR (3yr)
10.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $1.3B | — | $1.7B | +nan% | +13.9% |
| Operating Expenses | $1.6B | $1.4B | $1.5B | +10.3% | -1.3% |
| Operating Margin | -19.7% | 0.0% | 10.3% | — | +0.0% |
| Net Income | $-257M | $-1.4B | $175M | +112.6% | +0.0% |
| Licensed Beds | 732 | 715 | 705 | -1.4% | -1.9% |
| Total Patient Days | 175,755 | 205,621 | 212,283 | +3.2% | +9.9% |
| Medicare Day % | 35% | 34% | 34% | -0.6% | -2.6% |
| Medicaid Day % | 6% | 6% | 6% | -6.9% | -2.3% |
COVID Impact & Recovery
Resilience Score: 80/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +29.8% ($1.3B → $1.7B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+13.9%
This Hospital
+7.6%
State Avg
Latest Margin
10.3%
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) | — | 40.2% |
| FY2024 (proj) | — | 70.1% |
| FY2025 (proj) | — | 100.1% |