COVENANT MEDICAL CENTER — History
CCN 450040 | 3-year financial timeline | COVID resilience: 50/100
🛡️ Public data only — no PHI permitted on this instance.
$438M
Latest Revenue (FY2022)
+2.6%
Revenue CAGR (3yr)
-23.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $415M | $380M | $438M | +15.1% | +2.6% |
| Operating Expenses | $516M | $529M | $542M | +2.5% | +2.5% |
| Operating Margin | -24.3% | -39.2% | -23.9% | +38.9% | +0.0% |
| Net Income | $-101M | $-149M | $-105M | +29.7% | +0.0% |
| Licensed Beds | 380 | 379 | 360 | -5.0% | -2.7% |
| Total Patient Days | 97,646 | 78,209 | 84,975 | +8.7% | -6.7% |
| Medicare Day % | 35% | 30% | 31% | +5.5% | -5.7% |
| Medicaid Day % | 1% | 1% | 0% | -39.2% | -22.7% |
COVID Impact & Recovery
Resilience Score: 50/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +5.4% ($415M → $438M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+2.6%
This Hospital
+7.6%
State Avg
Latest Margin
-23.9%
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) | $449M | -23.7% |
| FY2024 (proj) | $460M | -23.5% |
| FY2025 (proj) | $471M | -23.3% |