MILLE LACS HOSPITAL — History
CCN 241356 | 3-year financial timeline | COVID resilience: 61/100
🛡️ Public data only — no PHI permitted on this instance.
$44M
Latest Revenue (FY2022)
+3.9%
Revenue CAGR (3yr)
-16.7%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $41M | $40M | $44M | +9.1% | +3.9% |
| Operating Expenses | $46M | $46M | $51M | +10.7% | +5.9% |
| Operating Margin | -12.5% | -15.0% | -16.7% | -11.6% | +0.0% |
| Net Income | $-5M | $-6M | $-7M | -21.8% | +0.0% |
| Licensed Beds | 15 | 15 | 18 | +20.0% | +9.5% |
| Total Patient Days | 1,984 | 2,019 | 2,050 | +1.5% | +1.6% |
| Medicare Day % | 51% | 60% | 46% | -23.2% | -4.6% |
| Medicaid Day % | 3% | 1% | 0% | -64.2% | -63.1% |
COVID Impact & Recovery
Resilience Score: 61/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +7.9% ($41M → $44M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+3.9%
This Hospital
+7.6%
State Avg
Latest Margin
-16.7%
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) | $45M | -18.9% |
| FY2024 (proj) | $47M | -21.0% |
| FY2025 (proj) | $49M | -23.1% |