SPALDING REHAB HOSPITAL — History
CCN 063027 | 3-year financial timeline | COVID resilience: 8/100
🛡️ Public data only — no PHI permitted on this instance.
$22M
Latest Revenue (FY2022)
-6.4%
Revenue CAGR (3yr)
4.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $26M | $27M | $22M | -15.9% | -6.4% |
| Operating Expenses | $22M | $24M | $21M | -9.8% | -0.3% |
| Operating Margin | 15.8% | 11.0% | 4.6% | -57.9% | -45.9% |
| Net Income | $4M | $3M | $1M | -64.6% | -49.4% |
| Licensed Beds | 58 | 58 | 42 | -27.6% | -14.9% |
| Total Patient Days | 14,299 | 14,840 | 12,575 | -15.3% | -6.2% |
| Medicare Day % | 27% | 28% | 31% | +9.6% | +6.0% |
| Medicaid Day % | 19% | 21% | 26% | +22.1% | +14.8% |
COVID Impact & Recovery
Resilience Score: 8/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -12.3% ($26M → $22M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
-6.4%
This Hospital
+7.6%
State Avg
Latest Margin
4.6%
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) | $21M | -1.0% |
| FY2024 (proj) | $19M | -6.6% |
| FY2025 (proj) | $18M | -12.2% |