PORTAGE HEALTH SYSTEM — History
CCN 230108 | 3-year financial timeline | COVID resilience: 55/100
🛡️ Public data only — no PHI permitted on this instance.
$69M
Latest Revenue (FY2022)
+4.8%
Revenue CAGR (3yr)
-16.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $63M | $70M | $69M | -0.6% | +4.8% |
| Operating Expenses | $73M | $78M | $81M | +3.9% | +5.0% |
| Operating Margin | -15.8% | -11.3% | -16.3% | -44.4% | +0.0% |
| Net Income | $-10M | $-8M | $-11M | -43.5% | +0.0% |
| Licensed Beds | 36 | 36 | 36 | +0.0% | +0.0% |
| Total Patient Days | 4,844 | 4,524 | 4,993 | +10.4% | +1.5% |
| Medicare Day % | 43% | 40% | 36% | -10.6% | -9.2% |
| Medicaid Day % | 3% | 3% | 5% | +66.7% | +23.2% |
COVID Impact & Recovery
Resilience Score: 55/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +9.9% ($63M → $69M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+4.8%
This Hospital
+7.6%
State Avg
Latest Margin
-16.3%
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) | $72M | -16.5% |
| FY2024 (proj) | $76M | -16.7% |
| FY2025 (proj) | $79M | -17.0% |