MUNSON HEALTHCARE MANISTEE HOSPITAL — History
CCN 230303 | 3-year financial timeline | COVID resilience: 37/100
🛡️ Public data only — no PHI permitted on this instance.
$54M
Latest Revenue (FY2022)
-5.5%
Revenue CAGR (3yr)
-8.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $61M | $65M | $54M | -15.9% | -5.5% |
| Operating Expenses | $64M | $67M | $59M | -12.7% | -4.0% |
| Operating Margin | -4.7% | -4.1% | -8.1% | -97.1% | +0.0% |
| Net Income | $-3M | $-3M | $-4M | -65.7% | +0.0% |
| Licensed Beds | 45 | 45 | 45 | +0.0% | +0.0% |
| Total Patient Days | 2,427 | 3,488 | 2,472 | -29.1% | +0.9% |
| Medicare Day % | 50% | 36% | 39% | +6.6% | -12.0% |
| Medicaid Day % | 1% | 3% | 1% | -50.4% | +7.9% |
COVID Impact & Recovery
Resilience Score: 37/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -10.8% ($61M → $54M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-5.5%
This Hospital
+7.6%
State Avg
Latest Margin
-8.1%
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) | $51M | -9.8% |
| FY2024 (proj) | $48M | -11.5% |
| FY2025 (proj) | $45M | -13.2% |