SPECTRUM HEALTH HOSPITALS — History
CCN 230038 | 3-year financial timeline | COVID resilience: 57/100
🛡️ Public data only — no PHI permitted on this instance.
$2.6B
Latest Revenue (FY2022)
+5.1%
Revenue CAGR (3yr)
0.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $2.3B | $2.5B | $2.6B | +1.6% | +5.1% |
| Operating Expenses | $2.3B | $2.4B | $2.6B | +7.3% | +4.9% |
| Operating Margin | -0.3% | 5.3% | 0.0% | -99.1% | +0.0% |
| Net Income | $-7M | $135M | $1M | -99.1% | +0.0% |
| Licensed Beds | 1,099 | 1,106 | 1,103 | -0.3% | +0.2% |
| Total Patient Days | 293,023 | 323,378 | 319,624 | -1.2% | +4.4% |
| Medicare Day % | 18% | 17% | 15% | -7.6% | -6.2% |
| Medicaid Day % | 7% | 6% | 5% | -12.9% | -11.8% |
COVID Impact & Recovery
Resilience Score: 57/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +10.5% ($2.3B → $2.6B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+5.1%
This Hospital
+7.6%
State Avg
Latest Margin
0.0%
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) | $2.7B | 0.2% |
| FY2024 (proj) | $2.8B | 0.4% |
| FY2025 (proj) | $2.9B | 0.6% |