SCHOOLCRAFT MEMORIAL HOSPITAL — History
CCN 231303 | 3-year financial timeline | COVID resilience: 83/100
🛡️ Public data only — no PHI permitted on this instance.
$45M
Latest Revenue (FY2022)
+12.4%
Revenue CAGR (3yr)
-11.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $35M | $43M | $45M | +3.4% | +12.4% |
| Operating Expenses | $44M | $47M | $50M | +4.8% | +6.7% |
| Operating Margin | -23.0% | -9.5% | -11.1% | -16.3% | +0.0% |
| Net Income | $-8M | $-4M | $-5M | -20.2% | +0.0% |
| Licensed Beds | 12 | 12 | 12 | +0.0% | +0.0% |
| Total Patient Days | 1,520 | 1,516 | 1,402 | -7.5% | -4.0% |
| Medicare Day % | 42% | 42% | 37% | -12.9% | -6.3% |
| Medicaid Day % | 3% | 1% | 0% | -50.1% | -60.2% |
COVID Impact & Recovery
Resilience Score: 83/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +26.2% ($35M → $45M)
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
+12.4%
This Hospital
+7.6%
State Avg
Latest Margin
-11.1%
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) | $49M | -5.1% |
| FY2024 (proj) | $54M | 0.9% |
| FY2025 (proj) | $59M | 6.9% |