CANNON MEMORIAL HOSPITAL — History
CCN 420011 | 3-year financial timeline | COVID resilience: 69/100
🛡️ Public data only — no PHI permitted on this instance.
$26M
Latest Revenue (FY2022)
+1.7%
Revenue CAGR (3yr)
8.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $25M | $30M | $26M | -13.8% | +1.7% |
| Operating Expenses | $27M | $35M | $24M | -31.9% | -5.7% |
| Operating Margin | -6.5% | -15.7% | 8.5% | +154.3% | +0.0% |
| Net Income | $-2M | $-5M | $2M | +146.8% | +0.0% |
| Licensed Beds | 42 | 42 | 42 | +0.0% | +0.0% |
| Total Patient Days | 2,535 | 2,540 | 2,334 | -8.1% | -4.0% |
| Medicare Day % | 26% | 20% | 30% | +48.9% | +8.3% |
| Medicaid Day % | 2% | 3% | 2% | -47.1% | -20.6% |
COVID Impact & Recovery
Resilience Score: 69/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +3.5% ($25M → $26M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
+1.7%
This Hospital
+7.6%
State Avg
Latest Margin
8.5%
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) | $26M | 16.0% |
| FY2024 (proj) | $27M | 23.5% |
| FY2025 (proj) | $27M | 31.0% |