RARITAN BAY MEDICAL CENTER — History
CCN 310039 | 3-year financial timeline | COVID resilience: 74/100
🛡️ Public data only — no PHI permitted on this instance.
$280M
Latest Revenue (FY2022)
+15.1%
Revenue CAGR (3yr)
1.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $211M | $243M | $280M | +15.0% | +15.1% |
| Operating Expenses | $268M | $278M | $275M | -0.8% | +1.4% |
| Operating Margin | -26.8% | -14.1% | 1.6% | +111.5% | +0.0% |
| Net Income | $-57M | $-34M | $5M | +113.3% | +0.0% |
| Licensed Beds | 302 | 303 | 261 | -13.9% | -7.0% |
| Total Patient Days | 57,898 | 58,379 | 53,176 | -8.9% | -4.2% |
| Medicare Day % | 35% | 30% | 31% | +4.0% | -6.2% |
| Medicaid Day % | 3% | 7% | 7% | +12.1% | +48.4% |
COVID Impact & Recovery
Resilience Score: 74/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +32.5% ($211M → $280M)
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
+15.1%
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) | $314M | 15.9% |
| FY2024 (proj) | $348M | 30.1% |
| FY2025 (proj) | $383M | 44.3% |