WAKE MED CARY HOSPITAL — History
CCN 340173 | 3-year financial timeline | COVID resilience: 43/100
🛡️ Public data only — no PHI permitted on this instance.
$318M
Latest Revenue (FY2022)
+8.9%
Revenue CAGR (3yr)
-3.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $268M | $310M | $318M | +2.6% | +8.9% |
| Operating Expenses | $234M | $277M | $330M | +18.8% | +18.7% |
| Operating Margin | 12.8% | 10.5% | -3.6% | -134.6% | +0.0% |
| Net Income | $34M | $33M | $-12M | -135.5% | +0.0% |
| Licensed Beds | 196 | 203 | 189 | -6.9% | -1.8% |
| Total Patient Days | 50,644 | 60,063 | 61,651 | +2.6% | +10.3% |
| Medicare Day % | 28% | 28% | 27% | -3.2% | -1.8% |
| Medicaid Day % | 7% | 6% | 2% | -61.9% | -41.6% |
COVID Impact & Recovery
Resilience Score: 43/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +18.5% ($268M → $318M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+8.9%
This Hospital
+7.6%
State Avg
Latest Margin
-3.6%
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) | $343M | -11.9% |
| FY2024 (proj) | $368M | -20.1% |
| FY2025 (proj) | $393M | -28.3% |