HALIFAX REGIONAL MEDICAL CENTER — History
CCN 340151 | 3-year financial timeline | COVID resilience: 37/100
🛡️ Public data only — no PHI permitted on this instance.
$86M
Latest Revenue (FY2022)
+2.8%
Revenue CAGR (3yr)
-28.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $81M | $88M | $86M | -1.9% | +2.8% |
| Operating Expenses | $87M | $98M | $111M | +12.8% | +12.8% |
| Operating Margin | -6.7% | -11.7% | -28.4% | -143.8% | +0.0% |
| Net Income | $-5M | $-10M | $-24M | -139.2% | +0.0% |
| Licensed Beds | 100 | 100 | 100 | +0.0% | +0.0% |
| Total Patient Days | 21,217 | 22,907 | 21,298 | -7.0% | +0.2% |
| Medicare Day % | 51% | 40% | 34% | -15.1% | -18.4% |
| Medicaid Day % | 15% | 15% | 8% | -47.5% | -26.7% |
COVID Impact & Recovery
Resilience Score: 37/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +5.7% ($81M → $86M)
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
+2.8%
This Hospital
+7.6%
State Avg
Latest Margin
-28.4%
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) | $88M | -39.3% |
| FY2024 (proj) | $91M | -50.1% |
| FY2025 (proj) | $93M | -60.9% |