WATAUGA MEDICAL CENTER — History
CCN 340051 | 3-year financial timeline | COVID resilience: 57/100
🛡️ Public data only — no PHI permitted on this instance.
$187M
Latest Revenue (FY2022)
+11.4%
Revenue CAGR (3yr)
2.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $151M | $181M | $187M | +3.7% | +11.4% |
| Operating Expenses | $139M | $164M | $183M | +11.4% | +14.6% |
| Operating Margin | 7.7% | 9.1% | 2.4% | -73.7% | -44.5% |
| Net Income | $12M | $16M | $4M | -72.7% | -38.1% |
| Licensed Beds | 95 | 95 | 95 | +0.0% | +0.0% |
| Total Patient Days | 13,427 | 16,644 | 18,796 | +12.9% | +18.3% |
| Medicare Day % | 47% | 38% | 36% | -5.3% | -12.0% |
| Medicaid Day % | 11% | 11% | 5% | -52.9% | -33.6% |
COVID Impact & Recovery
Resilience Score: 57/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +24.2% ($151M → $187M)
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
+11.4%
This Hospital
+7.6%
State Avg
Latest Margin
2.4%
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) | $206M | -0.3% |
| FY2024 (proj) | $224M | -3.0% |
| FY2025 (proj) | $242M | -5.6% |