SPECTRUM HEALTH REED CITY — History
CCN 231323 | 3-year financial timeline | COVID resilience: 62/100
🛡️ Public data only — no PHI permitted on this instance.
$77M
Latest Revenue (FY2022)
+2.8%
Revenue CAGR (3yr)
21.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $73M | $79M | $77M | -2.3% | +2.8% |
| Operating Expenses | $61M | $60M | $61M | +0.4% | -0.5% |
| Operating Margin | 16.0% | 23.4% | 21.2% | -9.1% | +15.3% |
| Net Income | $12M | $18M | $16M | -11.2% | +18.5% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 1,411 | 335 | 60 | -82.1% | -79.4% |
| Medicare Day % | 43% | 52% | 28% | -45.8% | -18.6% |
| Medicaid Day % | 0% | 1% | 7% | +644.4% | +585.8% |
COVID Impact & Recovery
Resilience Score: 62/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +5.7% ($73M → $77M)
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
+2.8%
This Hospital
+7.6%
State Avg
Latest Margin
21.2%
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) | $79M | 23.9% |
| FY2024 (proj) | $81M | 26.5% |
| FY2025 (proj) | $83M | 29.1% |