LAKE AREA MEDICAL CENTER — History
CCN 190201 | 3-year financial timeline | COVID resilience: 70/100
🛡️ Public data only — no PHI permitted on this instance.
$82M
Latest Revenue (FY2022)
+19.4%
Revenue CAGR (3yr)
2.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $57M | $71M | $82M | +15.5% | +19.4% |
| Operating Expenses | $62M | $71M | $80M | +11.8% | +13.4% |
| Operating Margin | -8.5% | -1.0% | 2.2% | +320.1% | +0.0% |
| Net Income | $-5M | $-1M | $2M | +354.2% | +0.0% |
| Licensed Beds | 108 | 108 | 88 | -18.5% | -9.7% |
| Total Patient Days | 7,244 | 8,593 | 9,127 | +6.2% | +12.2% |
| Medicare Day % | 3% | 4% | 4% | -9.0% | +19.7% |
| Medicaid Day % | 0% | 0% | 32% | +55598.7% | +1432.2% |
COVID Impact & Recovery
Resilience Score: 70/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +42.6% ($57M → $82M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▼ Declining
vs State Average ()
Revenue Growth
+19.4%
This Hospital
+7.6%
State Avg
Latest Margin
2.2%
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) | $94M | 7.5% |
| FY2024 (proj) | $106M | 12.9% |
| FY2025 (proj) | $118M | 18.3% |