SPECTRUM HEALTH UNITED MEMORIAL — History
CCN 230035 | 3-year financial timeline | COVID resilience: 58/100
🛡️ Public data only — no PHI permitted on this instance.
$129M
Latest Revenue (FY2022)
+6.4%
Revenue CAGR (3yr)
9.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $114M | $133M | $129M | -2.5% | +6.4% |
| Operating Expenses | $107M | $118M | $117M | -0.9% | +4.6% |
| Operating Margin | 6.5% | 11.1% | 9.7% | -12.9% | +22.3% |
| Net Income | $7M | $15M | $13M | -15.1% | +30.2% |
| Licensed Beds | 49 | 46 | 45 | -2.2% | -4.2% |
| Total Patient Days | 8,222 | 9,801 | 9,090 | -7.3% | +5.1% |
| Medicare Day % | 28% | 25% | 25% | +2.2% | -5.5% |
| Medicaid Day % | 4% | 4% | 3% | -31.6% | -16.1% |
COVID Impact & Recovery
Resilience Score: 58/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +13.2% ($114M → $129M)
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
+6.4%
This Hospital
+7.6%
State Avg
Latest Margin
9.7%
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) | $137M | 11.3% |
| FY2024 (proj) | $145M | 12.9% |
| FY2025 (proj) | $152M | 14.5% |