HACKETTSTOWN MEDICAL CENTER — History
CCN 310115 | 3-year financial timeline | COVID resilience: 100/100
🛡️ Public data only — no PHI permitted on this instance.
$120M
Latest Revenue (FY2022)
+16.4%
Revenue CAGR (3yr)
2.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $88M | $109M | $120M | +9.7% | +16.4% |
| Operating Expenses | $97M | $103M | $116M | +12.7% | +9.7% |
| Operating Margin | -9.5% | 5.4% | 2.8% | -48.7% | +0.0% |
| Net Income | $-8M | $6M | $3M | -43.7% | +0.0% |
| Licensed Beds | 61 | 82 | 95 | +15.9% | +24.8% |
| Total Patient Days | 14,962 | 18,202 | 18,608 | +2.2% | +11.5% |
| Medicare Day % | 49% | 43% | 46% | +6.7% | -3.7% |
| Medicaid Day % | 4% | 6% | 7% | +11.2% | +30.7% |
COVID Impact & Recovery
Resilience Score: 100/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +35.6% ($88M → $120M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+16.4%
This Hospital
+7.6%
State Avg
Latest Margin
2.8%
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) | $135M | 8.9% |
| FY2024 (proj) | $151M | 15.1% |
| FY2025 (proj) | $167M | 21.2% |