SPECTRUM HEALTH BIG RAPIDS — History
CCN 230093 | 3-year financial timeline | COVID resilience: 68/100
🛡️ Public data only — no PHI permitted on this instance.
$87M
Latest Revenue (FY2022)
+7.2%
Revenue CAGR (3yr)
7.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $76M | $94M | $87M | -6.9% | +7.2% |
| Operating Expenses | $75M | $82M | $81M | -1.4% | +4.2% |
| Operating Margin | 1.8% | 12.4% | 7.2% | -41.6% | +97.8% |
| Net Income | $1M | $12M | $6M | -45.6% | +112.0% |
| Licensed Beds | 49 | 49 | 49 | +0.0% | +0.0% |
| Total Patient Days | 6,370 | 7,766 | 7,190 | -7.4% | +6.2% |
| Medicare Day % | 28% | 24% | 26% | +5.4% | -4.0% |
| Medicaid Day % | 4% | 3% | 4% | +30.5% | +5.5% |
COVID Impact & Recovery
Resilience Score: 68/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +14.9% ($76M → $87M)
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
+7.2%
This Hospital
+7.6%
State Avg
Latest Margin
7.2%
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) | $93M | 9.9% |
| FY2024 (proj) | $99M | 12.6% |
| FY2025 (proj) | $104M | 15.3% |