GARNET HEALTH MEDICAL CENTER - CATSK — History
CCN 330386 | 3-year financial timeline | COVID resilience: 46/100
🛡️ Public data only — no PHI permitted on this instance.
$82M
Latest Revenue (FY2022)
-2.0%
Revenue CAGR (3yr)
-26.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $85M | $91M | $82M | -10.2% | -2.0% |
| Operating Expenses | $110M | $102M | $103M | +0.9% | -3.3% |
| Operating Margin | -29.3% | -12.3% | -26.1% | -112.8% | +0.0% |
| Net Income | $-25M | $-11M | $-21M | -91.2% | +0.0% |
| Licensed Beds | 84 | 84 | 76 | -9.5% | -4.9% |
| Total Patient Days | 17,230 | 18,120 | 14,748 | -18.6% | -7.5% |
| Medicare Day % | 41% | 38% | 40% | +7.6% | -0.2% |
| Medicaid Day % | 7% | 8% | 4% | -53.7% | -27.5% |
COVID Impact & Recovery
Resilience Score: 46/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -4.0% ($85M → $82M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-2.0%
This Hospital
+7.6%
State Avg
Latest Margin
-26.1%
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) | $80M | -24.5% |
| FY2024 (proj) | $78M | -22.9% |
| FY2025 (proj) | $77M | -21.3% |