MIDMICHIGAN MEDICAL CENTER-GRATIOT — History
CCN 230030 | 3-year financial timeline | COVID resilience: 48/100
🛡️ Public data only — no PHI permitted on this instance.
$142M
Latest Revenue (FY2022)
-0.0%
Revenue CAGR (3yr)
-5.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $142M | $164M | $142M | -13.5% | -0.0% |
| Operating Expenses | $149M | $172M | $151M | -12.7% | +0.4% |
| Operating Margin | -4.9% | -4.9% | -5.9% | -22.1% | +0.0% |
| Net Income | $-7M | $-8M | $-8M | -5.6% | +0.0% |
| Licensed Beds | 49 | 49 | 49 | +0.0% | +0.0% |
| Total Patient Days | 11,479 | 13,487 | 12,026 | -10.8% | +2.4% |
| Medicare Day % | 32% | 33% | 27% | -17.3% | -7.2% |
| Medicaid Day % | 4% | 22% | 7% | -69.3% | +21.3% |
COVID Impact & Recovery
Resilience Score: 48/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: -0.1% ($142M → $142M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-0.0%
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) | $142M | -6.4% |
| FY2024 (proj) | $142M | -6.9% |
| FY2025 (proj) | $142M | -7.4% |