ASPIRUS IRON RIVER HOPSITAL & CLINIC — History
CCN 231318 | 3-year financial timeline | COVID resilience: 52/100
🛡️ Public data only — no PHI permitted on this instance.
$34M
Latest Revenue (FY2022)
+4.6%
Revenue CAGR (3yr)
-12.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $31M | $35M | $34M | -0.4% | +4.6% |
| Operating Expenses | $35M | $37M | $39M | +4.1% | +5.5% |
| Operating Margin | -10.3% | -7.5% | -12.3% | -63.7% | +0.0% |
| Net Income | $-3M | $-3M | $-4M | -63.1% | +0.0% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 1,477 | 1,981 | 1,896 | -4.3% | +13.3% |
| Medicare Day % | 43% | 41% | 38% | -6.9% | -5.4% |
| Medicaid Day % | 4% | 3% | 2% | -18.7% | -27.9% |
COVID Impact & Recovery
Resilience Score: 52/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +9.4% ($31M → $34M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+4.6%
This Hospital
+7.6%
State Avg
Latest Margin
-12.3%
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) | $36M | -13.3% |
| FY2024 (proj) | $37M | -14.2% |
| FY2025 (proj) | $39M | -15.2% |