SWISHER MEMORIAL HEALTHCARE SYSTEM — History
CCN 451349 | 3-year financial timeline | COVID resilience: 25/100
🛡️ Public data only — no PHI permitted on this instance.
$7M
Latest Revenue (FY2022)
-6.3%
Revenue CAGR (3yr)
-62.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $8M | $8M | $7M | -13.5% | -6.3% |
| Operating Expenses | $11M | $11M | $12M | +1.9% | +1.2% |
| Operating Margin | -39.5% | -38.1% | -62.6% | -64.2% | +0.0% |
| Net Income | $-3M | $-3M | $-5M | -42.0% | +0.0% |
| Licensed Beds | 20 | 20 | 20 | +0.0% | +0.0% |
| Total Patient Days | 1,530 | 1,178 | 787 | -33.2% | -28.3% |
| Medicare Day % | 71% | 65% | 60% | -7.1% | -7.9% |
| Medicaid Day % | nan% | 0% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 25/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -12.2% ($8M → $7M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-6.3%
This Hospital
+7.6%
State Avg
Latest Margin
-62.6%
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) | $7M | -74.2% |
| FY2024 (proj) | $6M | -85.8% |
| FY2025 (proj) | $6M | -97.4% |