ASSURANCE HEALTH — History
CCN 364059 | 3-year financial timeline | COVID resilience: 23/100
🛡️ Public data only — no PHI permitted on this instance.
$6M
Latest Revenue (FY2022)
-10.3%
Revenue CAGR (3yr)
-4.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $7M | $6M | $6M | +2.5% | -10.3% |
| Operating Expenses | $6M | $6M | $6M | +7.0% | +0.4% |
| Operating Margin | 16.7% | 0.0% | -4.4% | -701583.3% | +0.0% |
| Net Income | $1M | $0M | $-0M | -719169.4% | +0.0% |
| Licensed Beds | 22 | 22 | 23 | +4.5% | +2.2% |
| Total Patient Days | 6,864 | 5,740 | 6,759 | +17.8% | -0.8% |
| Medicare Day % | 61% | 57% | 50% | -12.9% | -9.7% |
| Medicaid Day % | 2% | 2% | 2% | +12.4% | -4.7% |
COVID Impact & Recovery
Resilience Score: 23/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -19.5% ($7M → $6M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-10.3%
This Hospital
+7.6%
State Avg
Latest Margin
-4.4%
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) | $5M | -15.0% |
| FY2024 (proj) | $4M | -25.6% |
| FY2025 (proj) | $4M | -36.1% |