HARPER- HUTZEL HOSPITAL — History
CCN 230104 | 3-year financial timeline | COVID resilience: 39/100
🛡️ Public data only — no PHI permitted on this instance.
$376M
Latest Revenue (FY2022)
-1.1%
Revenue CAGR (3yr)
-13.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $385M | $422M | $376M | -10.8% | -1.1% |
| Operating Expenses | $455M | $443M | $427M | -3.5% | -3.1% |
| Operating Margin | -18.2% | -4.9% | -13.6% | -175.2% | +0.0% |
| Net Income | $-70M | $-21M | $-51M | -145.4% | +0.0% |
| Licensed Beds | 370 | 328 | 237 | -27.7% | -20.0% |
| Total Patient Days | 91,453 | 75,422 | 66,018 | -12.5% | -15.0% |
| Medicare Day % | 22% | 17% | 12% | -28.3% | -26.2% |
| Medicaid Day % | 8% | 6% | 16% | +163.5% | +41.7% |
COVID Impact & Recovery
Resilience Score: 39/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -2.2% ($385M → $376M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▲ Growing
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-1.1%
This Hospital
+7.6%
State Avg
Latest Margin
-13.6%
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) | $372M | -11.2% |
| FY2024 (proj) | $368M | -8.9% |
| FY2025 (proj) | $364M | -6.6% |