READING HOSPITAL AND MEDICAL CENTER — History
CCN 390044 | 3-year financial timeline | COVID resilience: 55/100
🛡️ Public data only — no PHI permitted on this instance.
$1.1B
Latest Revenue (FY2022)
+4.3%
Revenue CAGR (3yr)
6.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $1.1B | $1.1B | $1.1B | +5.6% | +4.3% |
| Operating Expenses | $942M | $969M | $1.1B | +11.3% | +7.0% |
| Operating Margin | 10.8% | 10.9% | 6.1% | -44.3% | -25.1% |
| Net Income | $114M | $118M | $70M | -41.2% | -21.9% |
| Licensed Beds | 503 | 554 | 561 | +1.3% | +5.6% |
| Total Patient Days | 165,061 | 163,651 | 163,593 | -0.0% | -0.4% |
| Medicare Day % | 30% | 28% | 26% | -5.9% | -6.9% |
| Medicaid Day % | nan% | 3% | 2% | -38.2% | +nan% |
COVID Impact & Recovery
Resilience Score: 55/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +8.7% ($1.1B → $1.1B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+4.3%
This Hospital
+7.6%
State Avg
Latest Margin
6.1%
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) | $1.2B | 3.7% |
| FY2024 (proj) | $1.2B | 1.3% |
| FY2025 (proj) | $1.3B | -1.1% |