GRAND RIVER HOSPITAL DISTRICT — History
CCN 061317 | 3-year financial timeline | COVID resilience: 74/100
🛡️ Public data only — no PHI permitted on this instance.
$85M
Latest Revenue (FY2022)
+8.9%
Revenue CAGR (3yr)
-30.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $72M | $81M | $85M | +5.2% | +8.9% |
| Operating Expenses | $92M | $103M | $111M | +8.2% | +10.0% |
| Operating Margin | -28.3% | -27.3% | -30.8% | -13.0% | +0.0% |
| Net Income | $-20M | $-22M | $-26M | -18.9% | +0.0% |
| Licensed Beds | 12 | 27 | 25 | -7.4% | +44.3% |
| Total Patient Days | 2,066 | 2,711 | 2,792 | +3.0% | +16.2% |
| Medicare Day % | 55% | 54% | 50% | -8.9% | -4.9% |
| Medicaid Day % | 3% | 5% | 3% | -37.1% | -6.6% |
COVID Impact & Recovery
Resilience Score: 74/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +18.6% ($72M → $85M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+8.9%
This Hospital
+7.6%
State Avg
Latest Margin
-30.8%
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) | $92M | -32.1% |
| FY2024 (proj) | $99M | -33.3% |
| FY2025 (proj) | $105M | -34.5% |