RALEIGH GENERAL HOSPITAL — History
CCN 510070 | 3-year financial timeline | COVID resilience: 31/100
🛡️ Public data only — no PHI permitted on this instance.
$182M
Latest Revenue (FY2022)
-1.2%
Revenue CAGR (3yr)
-6.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $186M | $188M | $182M | -3.2% | -1.2% |
| Operating Expenses | $179M | $201M | $194M | -3.8% | +3.9% |
| Operating Margin | 3.8% | -7.1% | -6.5% | +8.8% | +0.0% |
| Net Income | $7M | $-13M | $-12M | +11.8% | +0.0% |
| Licensed Beds | 300 | 300 | 300 | +0.0% | +0.0% |
| Total Patient Days | 51,901 | 52,095 | 42,642 | -18.1% | -9.4% |
| Medicare Day % | 40% | 36% | 33% | -8.7% | -9.1% |
| Medicaid Day % | 22% | 23% | 23% | -0.4% | +0.9% |
COVID Impact & Recovery
Resilience Score: 31/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -2.5% ($186M → $182M)
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
-1.2%
This Hospital
+7.6%
State Avg
Latest Margin
-6.5%
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) | $180M | -11.6% |
| FY2024 (proj) | $177M | -16.8% |
| FY2025 (proj) | $175M | -22.0% |