SUMMIT MEDICAL CENTER — History
CCN 440150 | 3-year financial timeline | COVID resilience: 47/100
🛡️ Public data only — no PHI permitted on this instance.
$298M
Latest Revenue (FY2022)
+1.1%
Revenue CAGR (3yr)
40.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $291M | $317M | $298M | -5.9% | +1.1% |
| Operating Expenses | $166M | $189M | $177M | -6.6% | +3.4% |
| Operating Margin | 43.2% | 40.2% | 40.6% | +1.1% | -3.0% |
| Net Income | $126M | $127M | $121M | -4.9% | -1.9% |
| Licensed Beds | 188 | 188 | 188 | +0.0% | +0.0% |
| Total Patient Days | 55,726 | 58,527 | 56,137 | -4.1% | +0.4% |
| Medicare Day % | 27% | 24% | 24% | -1.0% | -6.7% |
| Medicaid Day % | 9% | 8% | 8% | +0.2% | -6.0% |
COVID Impact & Recovery
Resilience Score: 47/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +2.3% ($291M → $298M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+1.1%
This Hospital
+7.6%
State Avg
Latest Margin
40.6%
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) | $301M | 39.3% |
| FY2024 (proj) | $305M | 38.1% |
| FY2025 (proj) | $308M | 36.8% |