LAKE HURON MED CTR — History
CCN 230031 | 3-year financial timeline | COVID resilience: 22/100
🛡️ Public data only — no PHI permitted on this instance.
$59M
Latest Revenue (FY2022)
-2.6%
Revenue CAGR (3yr)
-16.8%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $62M | $62M | $59M | -6.0% | -2.6% |
| Operating Expenses | $66M | $67M | $68M | +2.4% | +1.5% |
| Operating Margin | -7.6% | -7.1% | -16.8% | -135.1% | +0.0% |
| Net Income | $-5M | $-4M | $-10M | -120.9% | +0.0% |
| Licensed Beds | 154 | 154 | 134 | -13.0% | -6.7% |
| Total Patient Days | 11,442 | 13,228 | 13,055 | -1.3% | +6.8% |
| Medicare Day % | 43% | 39% | 33% | -16.1% | -12.8% |
| Medicaid Day % | 3% | 2% | 3% | +72.8% | +0.0% |
COVID Impact & Recovery
Resilience Score: 22/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -5.2% ($62M → $59M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-2.6%
This Hospital
+7.6%
State Avg
Latest Margin
-16.8%
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) | $57M | -21.4% |
| FY2024 (proj) | $55M | -26.0% |
| FY2025 (proj) | $54M | -30.6% |