IREDELL MEMORIAL HOSPITAL — History
CCN 340039 | 3-year financial timeline | COVID resilience: 70/100
🛡️ Public data only — no PHI permitted on this instance.
$228M
Latest Revenue (FY2022)
+12.1%
Revenue CAGR (3yr)
3.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $182M | $208M | $228M | +9.7% | +12.1% |
| Operating Expenses | $179M | $201M | $219M | +9.2% | +10.9% |
| Operating Margin | 1.7% | 3.3% | 3.7% | +13.6% | +49.7% |
| Net Income | $3M | $7M | $8M | +24.6% | +67.8% |
| Licensed Beds | 155 | 155 | 155 | +0.0% | +0.0% |
| Total Patient Days | 32,366 | 37,671 | 36,809 | -2.3% | +6.6% |
| Medicare Day % | 34% | 29% | 28% | -4.5% | -9.0% |
| Medicaid Day % | 11% | 9% | 4% | -54.0% | -38.9% |
COVID Impact & Recovery
Resilience Score: 70/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +25.6% ($182M → $228M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+12.1%
This Hospital
+7.6%
State Avg
Latest Margin
3.7%
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) | $251M | 4.7% |
| FY2024 (proj) | $274M | 5.8% |
| FY2025 (proj) | $298M | 6.8% |