HARNETT HEALTH SYSTEM — History
CCN 340071 | 3-year financial timeline | COVID resilience: 54/100
🛡️ Public data only — no PHI permitted on this instance.
$122M
Latest Revenue (FY2022)
+9.5%
Revenue CAGR (3yr)
-8.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $102M | $118M | $122M | +2.7% | +9.5% |
| Operating Expenses | $104M | $121M | $132M | +8.4% | +12.2% |
| Operating Margin | -2.9% | -2.4% | -8.1% | -240.2% | +0.0% |
| Net Income | $-3M | $-3M | $-10M | -249.3% | +0.0% |
| Licensed Beds | 126 | 126 | 126 | +0.0% | +0.0% |
| Total Patient Days | 20,916 | 26,438 | 27,856 | +5.4% | +15.4% |
| Medicare Day % | 32% | 27% | 19% | -28.2% | -22.2% |
| Medicaid Day % | 19% | 13% | 3% | -79.8% | -63.6% |
COVID Impact & Recovery
Resilience Score: 54/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +19.8% ($102M → $122M)
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
+9.5%
This Hospital
+7.6%
State Avg
Latest Margin
-8.1%
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) | $132M | -10.7% |
| FY2024 (proj) | $142M | -13.4% |
| FY2025 (proj) | $152M | -16.0% |