LAS PALMAS MEDICAL CENTER — History
CCN 450107 | 3-year financial timeline | COVID resilience: 77/100
🛡️ Public data only — no PHI permitted on this instance.
$705M
Latest Revenue (FY2022)
+9.8%
Revenue CAGR (3yr)
41.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $585M | $653M | $705M | +7.9% | +9.8% |
| Operating Expenses | $391M | $482M | $415M | -13.8% | +3.0% |
| Operating Margin | 33.1% | 26.2% | 41.1% | +56.6% | +11.4% |
| Net Income | $194M | $171M | $290M | +69.1% | +22.3% |
| Licensed Beds | 533 | 533 | 533 | +0.0% | +0.0% |
| Total Patient Days | 125,091 | 138,103 | 135,024 | -2.2% | +3.9% |
| Medicare Day % | 14% | 13% | 12% | -7.7% | -6.6% |
| Medicaid Day % | 3% | 2% | 2% | +1.0% | -12.4% |
COVID Impact & Recovery
Resilience Score: 77/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +20.5% ($585M → $705M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+9.8%
This Hospital
+7.6%
State Avg
Latest Margin
41.1%
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) | $765M | 45.1% |
| FY2024 (proj) | $825M | 49.1% |
| FY2025 (proj) | $885M | 53.1% |