PROVIDENCE SEASIDE HOSPITAL — History
CCN 381303 | 3-year financial timeline | COVID resilience: 92/100
🛡️ Public data only — no PHI permitted on this instance.
$80M
Latest Revenue (FY2022)
+14.0%
Revenue CAGR (3yr)
-17.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $62M | $69M | $80M | +16.3% | +14.0% |
| Operating Expenses | $76M | $84M | $95M | +13.5% | +11.3% |
| Operating Margin | -23.5% | -20.7% | -17.8% | +14.0% | +0.0% |
| Net Income | $-15M | $-14M | $-14M | -0.0% | +0.0% |
| Licensed Beds | 23 | 23 | 33 | +43.5% | +19.8% |
| Total Patient Days | 3,586 | 4,271 | 4,813 | +12.7% | +15.9% |
| Medicare Day % | 55% | 55% | 58% | +4.6% | +2.1% |
| Medicaid Day % | 2% | 4% | 3% | -29.2% | +6.4% |
COVID Impact & Recovery
Resilience Score: 92/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +30.0% ($62M → $80M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
+14.0%
This Hospital
+7.6%
State Avg
Latest Margin
-17.8%
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) | $90M | -14.9% |
| FY2024 (proj) | $99M | -12.1% |
| FY2025 (proj) | $108M | -9.2% |