LAKE NORMAN REGIONAL MEDICAL CENTER — History
CCN 340129 | 3-year financial timeline | COVID resilience: 65/100
🛡️ Public data only — no PHI permitted on this instance.
$135M
Latest Revenue (FY2022)
+8.6%
Revenue CAGR (3yr)
23.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $114M | $131M | $135M | +3.0% | +8.6% |
| Operating Expenses | $89M | $97M | $103M | +5.2% | +7.1% |
| Operating Margin | 21.7% | 25.4% | 23.8% | -6.3% | +4.9% |
| Net Income | $25M | $33M | $32M | -3.4% | +13.9% |
| Licensed Beds | 123 | 123 | 123 | +0.0% | +0.0% |
| Total Patient Days | 14,063 | 15,788 | 14,666 | -7.1% | +2.1% |
| Medicare Day % | 35% | 27% | 25% | -9.0% | -15.7% |
| Medicaid Day % | 12% | 11% | 5% | -51.7% | -35.3% |
COVID Impact & Recovery
Resilience Score: 65/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +17.9% ($114M → $135M)
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
+8.6%
This Hospital
+7.6%
State Avg
Latest Margin
23.8%
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) | $145M | 24.9% |
| FY2024 (proj) | $155M | 26.0% |
| FY2025 (proj) | $165M | 27.1% |