MIDMICHIGAN MEDICAL CTR — History
CCN 230222 | 3-year financial timeline | COVID resilience: 26/100
🛡️ Public data only — no PHI permitted on this instance.
$538M
Latest Revenue (FY2022)
+3.1%
Revenue CAGR (3yr)
-9.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $506M | $498M | $538M | +8.0% | +3.1% |
| Operating Expenses | $520M | $543M | $589M | +8.6% | +6.5% |
| Operating Margin | -2.7% | -9.0% | -9.6% | -6.0% | +0.0% |
| Net Income | $-14M | $-45M | $-51M | -14.5% | +0.0% |
| Licensed Beds | 324 | 206 | 195 | -5.3% | -22.4% |
| Total Patient Days | 58,304 | 63,887 | 62,140 | -2.7% | +3.2% |
| Medicare Day % | 36% | 32% | 27% | -15.1% | -12.8% |
| Medicaid Day % | 3% | 2% | 2% | -16.7% | -12.6% |
COVID Impact & Recovery
Resilience Score: 26/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +6.2% ($506M → $538M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+3.1%
This Hospital
+7.6%
State Avg
Latest Margin
-9.6%
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) | $554M | -13.0% |
| FY2024 (proj) | $569M | -16.5% |
| FY2025 (proj) | $585M | -19.9% |