SANFORD BEMIDJI — History
CCN 240100 | 3-year financial timeline | COVID resilience: 53/100
🛡️ Public data only — no PHI permitted on this instance.
$313M
Latest Revenue (FY2022)
+7.8%
Revenue CAGR (3yr)
-19.6%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $269M | $311M | $313M | +0.4% | +7.8% |
| Operating Expenses | $310M | $330M | $374M | +13.2% | +9.9% |
| Operating Margin | -15.1% | -6.1% | -19.6% | -220.5% | +0.0% |
| Net Income | $-41M | $-19M | $-61M | -221.9% | +0.0% |
| Licensed Beds | 94 | 98 | 94 | -4.1% | +0.0% |
| Total Patient Days | 20,902 | 21,647 | 19,822 | -8.4% | -2.6% |
| Medicare Day % | 39% | 37% | 36% | -0.9% | -3.7% |
| Medicaid Day % | 26% | 27% | 28% | +3.1% | +2.7% |
COVID Impact & Recovery
Resilience Score: 53/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +16.2% ($269M → $313M)
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
+7.8%
This Hospital
+7.6%
State Avg
Latest Margin
-19.6%
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) | $334M | -21.9% |
| FY2024 (proj) | $356M | -24.2% |
| FY2025 (proj) | $378M | -26.5% |