REHABILITATION INSTITUTE OF MICHIGAN — History
CCN 233027 | 3-year financial timeline | COVID resilience: 41/100
🛡️ Public data only — no PHI permitted on this instance.
$69M
Latest Revenue (FY2022)
+1.0%
Revenue CAGR (3yr)
-3.3%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $68M | $75M | $69M | -8.5% | +1.0% |
| Operating Expenses | $66M | $71M | $71M | +0.4% | +3.7% |
| Operating Margin | 2.1% | 5.9% | -3.3% | -156.6% | +0.0% |
| Net Income | $1M | $4M | $-2M | -151.7% | +0.0% |
| Licensed Beds | 68 | 69 | 67 | -2.9% | -0.7% |
| Total Patient Days | 21,127 | 18,530 | 18,754 | +1.2% | -5.8% |
| Medicare Day % | 25% | 21% | 18% | -17.2% | -15.8% |
| Medicaid Day % | 11% | 10% | 11% | +6.3% | +1.1% |
COVID Impact & Recovery
Resilience Score: 41/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +1.9% ($68M → $69M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▶ Stable
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+1.0%
This Hospital
+7.6%
State Avg
Latest Margin
-3.3%
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) | $70M | -6.0% |
| FY2024 (proj) | $70M | -8.7% |
| FY2025 (proj) | $71M | -11.4% |