ST. MARYS OF MICHIGAN — History
CCN 230077 | 3-year financial timeline | COVID resilience: 11/100
🛡️ Public data only — no PHI permitted on this instance.
$264M
Latest Revenue (FY2022)
-3.8%
Revenue CAGR (3yr)
-32.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $286M | $276M | $264M | -4.2% | -3.8% |
| Operating Expenses | $346M | $364M | $349M | -4.2% | +0.5% |
| Operating Margin | -21.1% | -32.1% | -32.0% | +0.2% | +0.0% |
| Net Income | $-60M | $-88M | $-85M | +4.4% | +0.0% |
| Licensed Beds | 239 | 226 | 166 | -26.5% | -16.7% |
| Total Patient Days | 45,429 | 43,770 | 39,252 | -10.3% | -7.0% |
| Medicare Day % | 33% | 29% | 25% | -14.5% | -12.7% |
| Medicaid Day % | 4% | 3% | 3% | -20.9% | -20.9% |
COVID Impact & Recovery
Resilience Score: 11/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.5% ($286M → $264M)
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
-3.8%
This Hospital
+7.6%
State Avg
Latest Margin
-32.0%
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) | $254M | -37.5% |
| FY2024 (proj) | $243M | -42.9% |
| FY2025 (proj) | $232M | -48.4% |