MACKINAC STRAITS HEALTH SYSTEM INC — History
CCN 231306 | 3-year financial timeline | COVID resilience: 79/100
🛡️ Public data only — no PHI permitted on this instance.
$62M
Latest Revenue (FY2022)
+14.8%
Revenue CAGR (3yr)
1.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $47M | $57M | $62M | +9.1% | +14.8% |
| Operating Expenses | $50M | $56M | $62M | +9.3% | +10.5% |
| Operating Margin | -6.7% | 1.3% | 1.1% | -15.4% | +0.0% |
| Net Income | $-3M | $1M | $1M | -7.7% | +0.0% |
| Licensed Beds | 15 | 15 | 15 | +0.0% | +0.0% |
| Total Patient Days | 1,096 | 1,216 | 1,076 | -11.5% | -0.9% |
| Medicare Day % | 47% | 40% | 44% | +9.8% | -2.6% |
| Medicaid Day % | 2% | 1% | 0% | -52.9% | -49.5% |
COVID Impact & Recovery
Resilience Score: 79/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +31.8% ($47M → $62M)
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
+14.8%
This Hospital
+7.6%
State Avg
Latest Margin
1.1%
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) | $70M | 5.0% |
| FY2024 (proj) | $77M | 9.0% |
| FY2025 (proj) | $85M | 12.9% |