SPECTRUM HEALTH ZEELAND — History
CCN 230003 | 3-year financial timeline | COVID resilience: 58/100
🛡️ Public data only — no PHI permitted on this instance.
$100M
Latest Revenue (FY2022)
+8.2%
Revenue CAGR (3yr)
17.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $85M | $102M | $100M | -1.7% | +8.2% |
| Operating Expenses | $68M | $82M | $82M | +0.1% | +9.5% |
| Operating Margin | 19.9% | 19.4% | 17.9% | -7.4% | -5.0% |
| Net Income | $17M | $20M | $18M | -9.0% | +2.9% |
| Licensed Beds | 55 | 55 | 55 | +0.0% | +0.0% |
| Total Patient Days | 7,362 | 9,465 | 8,587 | -9.3% | +8.0% |
| Medicare Day % | 13% | 11% | 15% | +29.8% | +4.7% |
| Medicaid Day % | 3% | 3% | 3% | +5.4% | +4.6% |
COVID Impact & Recovery
Resilience Score: 58/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +17.2% ($85M → $100M)
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▼ Declining
vs State Average ()
Revenue Growth
+8.2%
This Hospital
+7.6%
State Avg
Latest Margin
17.9%
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) | $107M | 17.0% |
| FY2024 (proj) | $115M | 16.0% |
| FY2025 (proj) | $122M | 15.1% |