FORSYTH MEMORIAL HOSPITAL INC — History
CCN 340014 | 3-year financial timeline | COVID resilience: 31/100
🛡️ Public data only — no PHI permitted on this instance.
$1.4B
Latest Revenue (FY2022)
-2.2%
Revenue CAGR (3yr)
-7.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $1.4B | $1.6B | $1.4B | -12.5% | -2.2% |
| Operating Expenses | $1.4B | $1.5B | $1.5B | -2.6% | +2.3% |
| Operating Margin | 2.1% | 3.8% | -7.1% | -284.2% | +0.0% |
| Net Income | $30M | $60M | $-96M | -261.1% | +0.0% |
| Licensed Beds | 908 | 912 | 906 | -0.7% | -0.1% |
| Total Patient Days | 232,187 | 239,966 | 219,580 | -8.5% | -2.8% |
| Medicare Day % | 24% | 22% | 20% | -8.6% | -9.2% |
| Medicaid Day % | 14% | 9% | 5% | -44.4% | -39.4% |
COVID Impact & Recovery
Resilience Score: 31/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -4.3% ($1.4B → $1.4B)
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
-2.2%
This Hospital
+7.6%
State Avg
Latest Margin
-7.1%
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) | $1.3B | -11.7% |
| FY2024 (proj) | $1.3B | -16.2% |
| FY2025 (proj) | $1.3B | -20.8% |