SOUTHEAST MICHIGAN SURGICAL HOSPITAL — History
CCN 230264 | 3-year financial timeline | COVID resilience: 55/100
🛡️ Public data only — no PHI permitted on this instance.
$28M
Latest Revenue (FY2022)
+23.4%
Revenue CAGR (3yr)
-8.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $19M | $24M | $28M | +17.6% | +23.4% |
| Operating Expenses | $19M | $26M | $31M | +16.4% | +27.5% |
| Operating Margin | -1.5% | -9.6% | -8.5% | +11.4% | +0.0% |
| Net Income | $-0M | $-2M | $-2M | -4.2% | +0.0% |
| Licensed Beds | 13 | 13 | 13 | +0.0% | +0.0% |
| Total Patient Days | 772 | 511 | 491 | -3.9% | -20.2% |
| Medicare Day % | 10% | 7% | 11% | +57.6% | +3.4% |
| Medicaid Day % | 0% | 1% | 1% | +4.1% | +25.4% |
COVID Impact & Recovery
Resilience Score: 55/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +52.3% ($19M → $28M)
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▼ Declining
vs State Average ()
Revenue Growth
+23.4%
This Hospital
+7.6%
State Avg
Latest Margin
-8.5%
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) | $33M | -11.9% |
| FY2024 (proj) | $38M | -15.4% |
| FY2025 (proj) | $43M | -18.8% |