KITTSON MEMORIAL HOSPITAL — History
CCN 241336 | 3-year financial timeline | COVID resilience: 36/100
🛡️ Public data only — no PHI permitted on this instance.
$15M
Latest Revenue (FY2022)
+0.8%
Revenue CAGR (3yr)
-28.0%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $14M | $15M | $15M | -1.8% | +0.8% |
| Operating Expenses | $17M | $18M | $19M | +2.9% | +4.6% |
| Operating Margin | -19.0% | -22.1% | -28.0% | -26.2% | +0.0% |
| Net Income | $-3M | $-3M | $-4M | -24.0% | +0.0% |
| Licensed Beds | 15 | 15 | 15 | +0.0% | +0.0% |
| Total Patient Days | 457 | 565 | 422 | -25.3% | -3.9% |
| Medicare Day % | 68% | 76% | 63% | -16.5% | -3.7% |
| Medicaid Day % | 2% | 1% | 0% | -66.5% | -67.1% |
COVID Impact & Recovery
Resilience Score: 36/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +1.7% ($14M → $15M)
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
+0.8%
This Hospital
+7.6%
State Avg
Latest Margin
-28.0%
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) | $15M | -32.4% |
| FY2024 (proj) | $15M | -36.9% |
| FY2025 (proj) | $15M | -41.4% |