BARAGA COUNTY MEMORIAL HOSPITAL — History
CCN 231307 | 3-year financial timeline | COVID resilience: 83/100
🛡️ Public data only — no PHI permitted on this instance.
$24M
Latest Revenue (FY2022)
+18.0%
Revenue CAGR (3yr)
-10.5%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $17M | $22M | $24M | +12.1% | +18.0% |
| Operating Expenses | $22M | $25M | $27M | +7.3% | +9.8% |
| Operating Margin | -27.6% | -15.5% | -10.5% | +32.1% | +0.0% |
| Net Income | $-5M | $-3M | $-3M | +23.9% | +0.0% |
| Licensed Beds | 24 | 24 | 24 | +0.0% | +0.0% |
| Total Patient Days | 1,582 | 1,609 | 2,468 | +53.4% | +24.9% |
| Medicare Day % | 50% | 48% | 51% | +6.2% | +0.5% |
| Medicaid Day % | 2% | 7% | 1% | -86.8% | -37.4% |
COVID Impact & Recovery
Resilience Score: 83/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +39.2% ($17M → $24M)
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
+18.0%
This Hospital
+7.6%
State Avg
Latest Margin
-10.5%
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) | $28M | -2.0% |
| FY2024 (proj) | $31M | 6.6% |
| FY2025 (proj) | $35M | 15.1% |