SPAULDING REHABILITATION HOSPITAL — History
CCN 223034 | 3-year financial timeline | COVID resilience: 52/100
🛡️ Public data only — no PHI permitted on this instance.
$145M
Latest Revenue (FY2022)
+5.1%
Revenue CAGR (3yr)
-34.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $131M | $147M | $145M | -1.3% | +5.1% |
| Operating Expenses | $173M | $180M | $195M | +8.0% | +6.1% |
| Operating Margin | -31.9% | -22.8% | -34.4% | -51.1% | +0.0% |
| Net Income | $-42M | $-33M | $-50M | -49.1% | +0.0% |
| Licensed Beds | 132 | 132 | 132 | +0.0% | +0.0% |
| Total Patient Days | 44,702 | 44,393 | 42,592 | -4.1% | -2.4% |
| Medicare Day % | 31% | 32% | 30% | -6.1% | -2.6% |
| Medicaid Day % | 8% | 10% | 13% | +33.1% | +29.3% |
COVID Impact & Recovery
Resilience Score: 52/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +10.4% ($131M → $145M)
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
+5.1%
This Hospital
+7.6%
State Avg
Latest Margin
-34.4%
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) | $152M | -35.7% |
| FY2024 (proj) | $159M | -36.9% |
| FY2025 (proj) | $165M | -38.2% |