CORNING HOSPITAL — History
CCN 330277 | 3-year financial timeline | COVID resilience: 64/100
🛡️ Public data only — no PHI permitted on this instance.
$169M
Latest Revenue (FY2022)
+11.3%
Revenue CAGR (3yr)
5.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $137M | $152M | $169M | +11.6% | +11.3% |
| Operating Expenses | $129M | $137M | $161M | +17.2% | +11.8% |
| Operating Margin | 5.8% | 9.6% | 5.0% | -47.5% | -6.6% |
| Net Income | $8M | $15M | $9M | -41.4% | +3.9% |
| Licensed Beds | 65 | 65 | 65 | +0.0% | +0.0% |
| Total Patient Days | 16,237 | 16,623 | 17,398 | +4.7% | +3.5% |
| Medicare Day % | 30% | 29% | 29% | -1.3% | -3.0% |
| Medicaid Day % | 1% | 1% | 2% | +44.1% | +35.2% |
COVID Impact & Recovery
Resilience Score: 64/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +23.9% ($137M → $169M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+11.3%
This Hospital
+7.6%
State Avg
Latest Margin
5.0%
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) | $186M | 4.7% |
| FY2024 (proj) | $202M | 4.3% |
| FY2025 (proj) | $218M | 3.9% |