LAKES REGIONAL HEALTHCARE — History
CCN 160124 | 3-year financial timeline | COVID resilience: 48/100
🛡️ Public data only — no PHI permitted on this instance.
$57M
Latest Revenue (FY2022)
+2.9%
Revenue CAGR (3yr)
-5.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $54M | $55M | $57M | +2.6% | +2.9% |
| Operating Expenses | $55M | $57M | $60M | +6.0% | +4.6% |
| Operating Margin | -2.4% | -2.4% | -5.9% | -142.5% | +0.0% |
| Net Income | $-1M | $-1M | $-3M | -148.7% | +0.0% |
| Licensed Beds | 44 | 44 | 44 | +0.0% | +0.0% |
| Total Patient Days | 4,563 | 4,622 | 4,430 | -4.2% | -1.5% |
| Medicare Day % | 57% | 53% | 55% | +3.7% | -1.4% |
| Medicaid Day % | 11% | 12% | 11% | -9.3% | +3.6% |
COVID Impact & Recovery
Resilience Score: 48/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +5.9% ($54M → $57M)
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
+2.9%
This Hospital
+7.6%
State Avg
Latest Margin
-5.9%
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) | $58M | -7.6% |
| FY2024 (proj) | $60M | -9.3% |
| FY2025 (proj) | $61M | -11.0% |