MIDMICHIGAN MEDICAL CENTER - ALPENA — History
CCN 230036 | 3-year financial timeline | COVID resilience: 59/100
🛡️ Public data only — no PHI permitted on this instance.
$237M
Latest Revenue (FY2022)
+21.1%
Revenue CAGR (3yr)
6.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $162M | $215M | $237M | +10.2% | +21.1% |
| Operating Expenses | $145M | $199M | $223M | +11.8% | +23.9% |
| Operating Margin | 10.1% | 7.3% | 6.0% | -18.4% | -23.1% |
| Net Income | $16M | $16M | $14M | -10.1% | -6.9% |
| Licensed Beds | 128 | 128 | 128 | +0.0% | +0.0% |
| Total Patient Days | 15,074 | 16,244 | 15,489 | -4.6% | +1.4% |
| Medicare Day % | 38% | 36% | 31% | -15.1% | -9.4% |
| Medicaid Day % | 5% | 4% | 5% | +15.5% | -3.6% |
COVID Impact & Recovery
Resilience Score: 59/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +46.6% ($162M → $237M)
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▲ Growing
vs State Average ()
Revenue Growth
+21.1%
This Hospital
+7.6%
State Avg
Latest Margin
6.0%
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) | $275M | 3.9% |
| FY2024 (proj) | $313M | 1.8% |
| FY2025 (proj) | $350M | -0.2% |