WAKEMED RALEIGH CAMPUS — History
CCN 340069 | 3-year financial timeline | COVID resilience: 52/100
🛡️ Public data only — no PHI permitted on this instance.
$1.1B
Latest Revenue (FY2022)
+9.6%
Revenue CAGR (3yr)
-1.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $955M | $1.1B | $1.1B | +4.4% | +9.6% |
| Operating Expenses | $894M | $1.0B | $1.2B | +14.6% | +14.0% |
| Operating Margin | 6.4% | 7.6% | -1.4% | -119.0% | +0.0% |
| Net Income | $61M | $83M | $-16M | -119.8% | +0.0% |
| Licensed Beds | 586 | 609 | 609 | +0.0% | +1.9% |
| Total Patient Days | 177,430 | 214,253 | 205,112 | -4.3% | +7.5% |
| Medicare Day % | 22% | 19% | 19% | +1.1% | -5.5% |
| Medicaid Day % | 26% | 20% | 10% | -52.2% | -39.3% |
COVID Impact & Recovery
Resilience Score: 52/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +20.0% ($955M → $1.1B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+9.6%
This Hospital
+7.6%
State Avg
Latest Margin
-1.4%
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) | $1.2B | -5.3% |
| FY2024 (proj) | $1.3B | -9.3% |
| FY2025 (proj) | $1.4B | -13.2% |