FIRELANDS REGIONAL MEDICAL CENTER — History
CCN 360025 | 3-year financial timeline | COVID resilience: 39/100
🛡️ Public data only — no PHI permitted on this instance.
$238M
Latest Revenue (FY2022)
+2.9%
Revenue CAGR (3yr)
-13.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $225M | $252M | $238M | -5.2% | +2.9% |
| Operating Expenses | $253M | $266M | $272M | +2.0% | +3.7% |
| Operating Margin | -12.3% | -5.8% | -13.9% | -138.4% | +0.0% |
| Net Income | $-28M | $-15M | $-33M | -125.9% | +0.0% |
| Licensed Beds | 178 | 171 | 146 | -14.6% | -9.4% |
| Total Patient Days | 33,390 | 34,494 | 31,577 | -8.5% | -2.8% |
| Medicare Day % | 36% | 30% | 30% | -3.1% | -8.9% |
| Medicaid Day % | 4% | 5% | 6% | +35.3% | +34.7% |
COVID Impact & Recovery
Resilience Score: 39/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +6.0% ($225M → $238M)
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
+2.9%
This Hospital
+7.6%
State Avg
Latest Margin
-13.9%
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) | $245M | -14.7% |
| FY2024 (proj) | $252M | -15.5% |
| FY2025 (proj) | $259M | -16.3% |