SPARROW IONIA HOSPITAL — History
CCN 231331 | 3-year financial timeline | COVID resilience: 82/100
🛡️ Public data only — no PHI permitted on this instance.
$65M
Latest Revenue (FY2022)
+11.1%
Revenue CAGR (3yr)
9.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $53M | $65M | $65M | +0.4% | +11.1% |
| Operating Expenses | $54M | $57M | $59M | +2.6% | +4.5% |
| Operating Margin | -2.0% | 11.6% | 9.7% | -16.3% | +0.0% |
| Net Income | $-1M | $7M | $6M | -15.9% | +0.0% |
| Licensed Beds | 22 | 22 | 22 | +0.0% | +0.0% |
| Total Patient Days | 1,691 | 2,629 | 2,640 | +0.4% | +24.9% |
| Medicare Day % | 28% | 27% | 24% | -8.5% | -6.4% |
| Medicaid Day % | 3% | 3% | 3% | -12.9% | -0.2% |
COVID Impact & Recovery
Resilience Score: 82/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +23.4% ($53M → $65M)
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
+11.1%
This Hospital
+7.6%
State Avg
Latest Margin
9.7%
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) | $71M | 15.5% |
| FY2024 (proj) | $77M | 21.3% |
| FY2025 (proj) | $83M | 27.1% |