KPC PROMISE HOSPITAL OF SALT LAKE — History
CCN 462004 | 3-year financial timeline | COVID resilience: 49/100
🛡️ Public data only — no PHI permitted on this instance.
$17M
Latest Revenue (FY2022)
-1.5%
Revenue CAGR (3yr)
11.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $17M | $17M | $17M | -3.5% | -1.5% |
| Operating Expenses | $16M | $16M | $15M | -7.5% | -3.5% |
| Operating Margin | 7.4% | 7.4% | 11.2% | +50.8% | +22.4% |
| Net Income | $1M | $1M | $2M | +45.5% | +20.6% |
| Licensed Beds | 41 | 41 | 38 | -7.3% | -3.7% |
| Total Patient Days | 10,520 | 10,055 | 8,244 | -18.0% | -11.5% |
| Medicare Day % | 33% | 32% | 37% | +16.3% | +6.6% |
| Medicaid Day % | 21% | 18% | 20% | +16.1% | -0.8% |
COVID Impact & Recovery
Resilience Score: 49/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -2.9% ($17M → $17M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
-1.5%
This Hospital
+7.6%
State Avg
Latest Margin
11.2%
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) | $17M | 13.0% |
| FY2024 (proj) | $16M | 14.9% |
| FY2025 (proj) | $16M | 16.7% |