SPENCER MUNICIPAL HOSPITAL — History
CCN 160112 | 3-year financial timeline | COVID resilience: 46/100
🛡️ Public data only — no PHI permitted on this instance.
$109M
Latest Revenue (FY2022)
+2.6%
Revenue CAGR (3yr)
-10.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $103M | $108M | $109M | +0.3% | +2.6% |
| Operating Expenses | $110M | $113M | $120M | +6.6% | +4.6% |
| Operating Margin | -6.1% | -3.8% | -10.3% | -169.5% | +0.0% |
| Net Income | $-6M | $-4M | $-11M | -170.3% | +0.0% |
| Licensed Beds | 49 | 49 | 49 | +0.0% | +0.0% |
| Total Patient Days | 5,967 | 5,841 | 5,842 | +0.0% | -1.1% |
| Medicare Day % | 62% | 56% | 52% | -5.7% | -8.2% |
| Medicaid Day % | 4% | 6% | 4% | -31.1% | +1.9% |
COVID Impact & Recovery
Resilience Score: 46/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +5.3% ($103M → $109M)
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
+2.6%
This Hospital
+7.6%
State Avg
Latest Margin
-10.3%
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) | $111M | -12.4% |
| FY2024 (proj) | $114M | -14.5% |
| FY2025 (proj) | $117M | -16.7% |