DETROIT RECEIVING HOSPITAL — History
CCN 230273 | 3-year financial timeline | COVID resilience: 36/100
🛡️ Public data only — no PHI permitted on this instance.
$258M
Latest Revenue (FY2022)
-0.4%
Revenue CAGR (3yr)
-13.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $260M | $303M | $258M | -15.0% | -0.4% |
| Operating Expenses | $255M | $282M | $292M | +3.6% | +6.9% |
| Operating Margin | 1.8% | 7.2% | -13.1% | -283.0% | +0.0% |
| Net Income | $5M | $22M | $-34M | -255.5% | +0.0% |
| Licensed Beds | 200 | 204 | 210 | +2.9% | +2.5% |
| Total Patient Days | 65,626 | 66,377 | 67,763 | +2.1% | +1.6% |
| Medicare Day % | 27% | 22% | 20% | -11.3% | -14.1% |
| Medicaid Day % | 6% | 7% | 7% | -2.3% | +2.6% |
COVID Impact & Recovery
Resilience Score: 36/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -0.9% ($260M → $258M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-0.4%
This Hospital
+7.6%
State Avg
Latest Margin
-13.1%
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) | $257M | -20.6% |
| FY2024 (proj) | $256M | -28.1% |
| FY2025 (proj) | $254M | -35.6% |