STEELE MEMORIAL MEDICAL CENTER — History
CCN 131305 | 3-year financial timeline | COVID resilience: 53/100
🛡️ Public data only — no PHI permitted on this instance.
$33M
Latest Revenue (FY2022)
+6.1%
Revenue CAGR (3yr)
-7.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $29M | $30M | $33M | +7.8% | +6.1% |
| Operating Expenses | $30M | $32M | $35M | +7.6% | +7.5% |
| Operating Margin | -4.2% | -7.3% | -7.1% | +2.8% | +0.0% |
| Net Income | $-1M | $-2M | $-2M | -4.8% | +0.0% |
| Licensed Beds | 18 | 18 | 18 | +0.0% | +0.0% |
| Total Patient Days | 1,240 | 1,350 | 1,370 | +1.5% | +5.1% |
| Medicare Day % | 70% | 68% | 61% | -10.4% | -6.1% |
| Medicaid Day % | 9% | 8% | 9% | +4.8% | -3.6% |
COVID Impact & Recovery
Resilience Score: 53/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +12.5% ($29M → $33M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+6.1%
This Hospital
+7.6%
State Avg
Latest Margin
-7.1%
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) | $34M | -8.5% |
| FY2024 (proj) | $36M | -10.0% |
| FY2025 (proj) | $38M | -11.4% |