SOMERSET HOSPITAL — History
CCN 390039 | 3-year financial timeline | COVID resilience: 20/100
🛡️ Public data only — no PHI permitted on this instance.
$83M
Latest Revenue (FY2022)
+1.1%
Revenue CAGR (3yr)
-3.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $81M | $81M | $83M | +2.2% | +1.1% |
| Operating Expenses | $76M | $77M | $85M | +10.3% | +5.6% |
| Operating Margin | 5.6% | 4.5% | -3.1% | -167.5% | +0.0% |
| Net Income | $5M | $4M | $-3M | -168.9% | +0.0% |
| Licensed Beds | 99 | 56 | 56 | +0.0% | -24.8% |
| Total Patient Days | 13,452 | 14,554 | 12,130 | -16.7% | -5.0% |
| Medicare Day % | 20% | 19% | 16% | -18.6% | -11.6% |
| Medicaid Day % | 5% | 5% | 6% | +20.0% | +9.1% |
COVID Impact & Recovery
Resilience Score: 20/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +2.2% ($81M → $83M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+1.1%
This Hospital
+7.6%
State Avg
Latest Margin
-3.1%
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) | $83M | -7.4% |
| FY2024 (proj) | $84M | -11.7% |
| FY2025 (proj) | $85M | -16.0% |