SSH - SPECTRUM HEALTH — History
CCN 232029 | 3-year financial timeline | COVID resilience: 60/100
🛡️ Public data only — no PHI permitted on this instance.
$22M
Latest Revenue (FY2022)
+8.2%
Revenue CAGR (3yr)
0.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $18M | $20M | $22M | +7.9% | +8.2% |
| Operating Expenses | $18M | $20M | $21M | +7.4% | +8.4% |
| Operating Margin | 1.0% | 0.1% | 0.6% | +363.5% | -19.6% |
| Net Income | $0M | $0M | $0M | +400.3% | -13.0% |
| Licensed Beds | 36 | 36 | 36 | +0.0% | +0.0% |
| Total Patient Days | 10,032 | 10,031 | 10,622 | +5.9% | +2.9% |
| Medicare Day % | 26% | 26% | 23% | -8.1% | -5.7% |
| Medicaid Day % | 6% | 2% | 4% | +79.5% | -18.9% |
COVID Impact & Recovery
Resilience Score: 60/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +17.2% ($18M → $22M)
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
+8.2%
This Hospital
+7.6%
State Avg
Latest Margin
0.6%
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) | $23M | 0.5% |
| FY2024 (proj) | $25M | 0.3% |
| FY2025 (proj) | $26M | 0.1% |