ABINGTON MEMORIAL HOSPITAL — History
CCN 390231 | 3-year financial timeline | COVID resilience: 31/100
🛡️ Public data only — no PHI permitted on this instance.
$763M
Latest Revenue (FY2022)
-1.7%
Revenue CAGR (3yr)
-19.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $789M | $724M | $763M | +5.4% | -1.7% |
| Operating Expenses | $837M | $842M | $912M | +8.4% | +4.4% |
| Operating Margin | -6.0% | -16.3% | -19.5% | -20.1% | +0.0% |
| Net Income | $-48M | $-118M | $-149M | -26.6% | +0.0% |
| Licensed Beds | 588 | 588 | 588 | +0.0% | +0.0% |
| Total Patient Days | 153,831 | 153,997 | 159,061 | +3.3% | +1.7% |
| Medicare Day % | 32% | 34% | 31% | -6.5% | -0.8% |
| Medicaid Day % | 4% | 5% | 6% | +22.8% | +17.1% |
COVID Impact & Recovery
Resilience Score: 31/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -3.3% ($789M → $763M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-1.7%
This Hospital
+7.6%
State Avg
Latest Margin
-19.5%
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) | $750M | -26.3% |
| FY2024 (proj) | $737M | -33.0% |
| FY2025 (proj) | $724M | -39.8% |