CEDAR SPRINGS BEHAVIORAL HOSPITAL — History
CCN 064009 | 3-year financial timeline | COVID resilience: 26/100
🛡️ Public data only — no PHI permitted on this instance.
$26M
Latest Revenue (FY2022)
-5.5%
Revenue CAGR (3yr)
-1.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $29M | $29M | $26M | -10.9% | -5.5% |
| Operating Expenses | $22M | $24M | $27M | +11.7% | +9.1% |
| Operating Margin | 23.6% | 18.8% | -1.8% | -109.3% | +0.0% |
| Net Income | $7M | $6M | $-0M | -108.3% | +0.0% |
| Licensed Beds | 86 | 86 | 86 | +0.0% | +0.0% |
| Total Patient Days | 22,693 | 23,174 | 22,599 | -2.5% | -0.2% |
| Medicare Day % | 5% | 5% | 4% | -10.5% | -7.6% |
| Medicaid Day % | nan% | 1% | 1% | +50.6% | +nan% |
COVID Impact & Recovery
Resilience Score: 26/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -10.6% ($29M → $26M)
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
-5.5%
This Hospital
+7.6%
State Avg
Latest Margin
-1.8%
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) | $25M | -14.5% |
| FY2024 (proj) | $23M | -27.2% |
| FY2025 (proj) | $22M | -39.9% |