SPEARE MEMORIAL HOSPITAL — History
CCN 301311 | 3-year financial timeline | COVID resilience: 52/100
🛡️ Public data only — no PHI permitted on this instance.
$73M
Latest Revenue (FY2022)
+5.7%
Revenue CAGR (3yr)
-6.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $65M | $72M | $73M | +1.4% | +5.7% |
| Operating Expenses | $67M | $74M | $77M | +4.4% | +7.3% |
| Operating Margin | -3.0% | -3.1% | -6.1% | -100.1% | +0.0% |
| Net Income | $-2M | $-2M | $-4M | -102.9% | +0.0% |
| Licensed Beds | 25 | 25 | 25 | +0.0% | +0.0% |
| Total Patient Days | 4,349 | 5,105 | 4,608 | -9.7% | +2.9% |
| Medicare Day % | 43% | 38% | 34% | -11.4% | -11.3% |
| Medicaid Day % | 2% | 2% | 3% | +79.3% | +47.6% |
COVID Impact & Recovery
Resilience Score: 52/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +11.7% ($65M → $73M)
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
+5.7%
This Hospital
+7.6%
State Avg
Latest Margin
-6.1%
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) | $76M | -7.7% |
| FY2024 (proj) | $80M | -9.3% |
| FY2025 (proj) | $84M | -10.9% |