NIAGARA FALLS MEMORIAL MEDICAL CENTE — History
CCN 330065 | 3-year financial timeline | COVID resilience: 23/100
🛡️ Public data only — no PHI permitted on this instance.
$83M
Latest Revenue (FY2022)
-7.4%
Revenue CAGR (3yr)
-54.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $97M | $100M | $83M | -16.7% | -7.4% |
| Operating Expenses | $126M | $127M | $128M | +1.3% | +0.9% |
| Operating Margin | -30.2% | -27.2% | -54.6% | -101.2% | +0.0% |
| Net Income | $-29M | $-27M | $-45M | -67.6% | +0.0% |
| Licensed Beds | 133 | 133 | 133 | +0.0% | +0.0% |
| Total Patient Days | 22,199 | 24,361 | 22,166 | -9.0% | -0.1% |
| Medicare Day % | 19% | 17% | 19% | +10.7% | +0.7% |
| Medicaid Day % | 27% | 4% | 5% | +32.9% | -58.1% |
COVID Impact & Recovery
Resilience Score: 23/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -14.2% ($97M → $83M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-7.4%
This Hospital
+7.6%
State Avg
Latest Margin
-54.6%
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) | $76M | -66.8% |
| FY2024 (proj) | $69M | -79.1% |
| FY2025 (proj) | $62M | -91.3% |