LAKELAND MEDICAL CENTER ST. JOSEPH — History
CCN 230021 | 3-year financial timeline | COVID resilience: 57/100
🛡️ Public data only — no PHI permitted on this instance.
$488M
Latest Revenue (FY2022)
+7.2%
Revenue CAGR (3yr)
-3.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $425M | $470M | $488M | +3.9% | +7.2% |
| Operating Expenses | $440M | $484M | $506M | +4.4% | +7.2% |
| Operating Margin | -3.7% | -3.0% | -3.6% | -18.0% | +0.0% |
| Net Income | $-16M | $-14M | $-17M | -22.6% | +0.0% |
| Licensed Beds | 246 | 242 | 235 | -2.9% | -2.3% |
| Total Patient Days | 49,972 | 55,461 | 55,635 | +0.3% | +5.5% |
| Medicare Day % | 33% | 29% | 26% | -10.1% | -11.0% |
| Medicaid Day % | 9% | 8% | 7% | -16.3% | -12.6% |
COVID Impact & Recovery
Resilience Score: 57/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +15.0% ($425M → $488M)
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▲ Growing
vs State Average ()
Revenue Growth
+7.2%
This Hospital
+7.6%
State Avg
Latest Margin
-3.6%
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) | $520M | -3.5% |
| FY2024 (proj) | $552M | -3.4% |
| FY2025 (proj) | $584M | -3.3% |