MIDMICHIGAN MEDICAL CENTER-CLARE — History
CCN 230180 | 3-year financial timeline | COVID resilience: 67/100
🛡️ Public data only — no PHI permitted on this instance.
$68M
Latest Revenue (FY2022)
+11.3%
Revenue CAGR (3yr)
0.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $55M | $62M | $68M | +9.6% | +11.3% |
| Operating Expenses | $55M | $59M | $67M | +13.5% | +10.6% |
| Operating Margin | -0.9% | 3.8% | 0.3% | -90.9% | +0.0% |
| Net Income | $-0M | $2M | $0M | -90.1% | +0.0% |
| Licensed Beds | 49 | 49 | 49 | +0.0% | +0.0% |
| Total Patient Days | 2,366 | 2,911 | 2,299 | -21.0% | -1.4% |
| Medicare Day % | 41% | 39% | 32% | -17.8% | -12.5% |
| Medicaid Day % | 1% | 2% | 3% | +22.5% | +31.7% |
COVID Impact & Recovery
Resilience Score: 67/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +23.8% ($55M → $68M)
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
+11.3%
This Hospital
+7.6%
State Avg
Latest Margin
0.3%
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) | $74M | 0.9% |
| FY2024 (proj) | $81M | 1.6% |
| FY2025 (proj) | $87M | 2.2% |