MERCY HEALTH MUSKEGON — History
CCN 230066 | 3-year financial timeline | COVID resilience: 39/100
🛡️ Public data only — no PHI permitted on this instance.
$621M
Latest Revenue (FY2022)
+0.8%
Revenue CAGR (3yr)
-15.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $611M | $642M | $621M | -3.2% | +0.8% |
| Operating Expenses | $671M | $716M | $717M | +0.2% | +3.4% |
| Operating Margin | -9.8% | -11.5% | -15.5% | -34.1% | +0.0% |
| Net Income | $-60M | $-74M | $-96M | -29.8% | +0.0% |
| Licensed Beds | 272 | 272 | 262 | -3.7% | -1.9% |
| Total Patient Days | 73,588 | 78,886 | 75,705 | -4.0% | +1.4% |
| Medicare Day % | 26% | 23% | 22% | -7.5% | -9.2% |
| Medicaid Day % | 3% | 3% | 3% | -5.4% | -4.7% |
COVID Impact & Recovery
Resilience Score: 39/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +1.6% ($611M → $621M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+0.8%
This Hospital
+7.6%
State Avg
Latest Margin
-15.5%
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) | $626M | -18.3% |
| FY2024 (proj) | $631M | -21.2% |
| FY2025 (proj) | $636M | -24.0% |