THE HOSPITALS OF PROVIDENCE - MEMORI — History
CCN 450002 | 3-year financial timeline | COVID resilience: 58/100
🛡️ Public data only — no PHI permitted on this instance.
$283M
Latest Revenue (FY2022)
-2.5%
Revenue CAGR (3yr)
10.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $298M | $294M | $283M | -3.6% | -2.5% |
| Operating Expenses | $257M | $242M | $253M | +4.6% | -0.9% |
| Operating Margin | 13.7% | 17.8% | 10.8% | -39.4% | -11.5% |
| Net Income | $41M | $52M | $31M | -41.6% | -13.7% |
| Licensed Beds | 306 | 403 | 410 | +1.7% | +15.8% |
| Total Patient Days | 59,621 | 55,561 | 51,600 | -7.1% | -7.0% |
| Medicare Day % | 12% | 10% | 8% | -14.4% | -15.9% |
| Medicaid Day % | 10% | 16% | 8% | -52.8% | -12.7% |
COVID Impact & Recovery
Resilience Score: 58/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: -5.0% ($298M → $283M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-2.5%
This Hospital
+7.6%
State Avg
Latest Margin
10.8%
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) | $276M | 9.3% |
| FY2024 (proj) | $268M | 7.8% |
| FY2025 (proj) | $261M | 6.3% |