LAKE HOSPITAL SYSTEM — History
CCN 360098 | 3-year financial timeline | COVID resilience: 46/100
🛡️ Public data only — no PHI permitted on this instance.
$342M
Latest Revenue (FY2022)
+4.4%
Revenue CAGR (3yr)
-19.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $314M | $351M | $342M | -2.3% | +4.4% |
| Operating Expenses | $367M | $397M | $408M | +2.6% | +5.4% |
| Operating Margin | -16.9% | -13.3% | -19.1% | -43.4% | +0.0% |
| Net Income | $-53M | $-47M | $-65M | -40.0% | +0.0% |
| Licensed Beds | 325 | 297 | 297 | +0.0% | -4.4% |
| Total Patient Days | 50,121 | 54,593 | 54,304 | -0.5% | +4.1% |
| Medicare Day % | 31% | 28% | 29% | +2.0% | -4.8% |
| Medicaid Day % | 5% | 5% | 5% | +7.2% | +0.1% |
COVID Impact & Recovery
Resilience Score: 46/100 — Stressed — slow recovery from COVID
Revenue recovery from FY2020 to FY2022: +9.0% ($314M → $342M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▼ Declining
Beds▼ Declining
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+4.4%
This Hospital
+7.6%
State Avg
Latest Margin
-19.1%
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) | $356M | -20.2% |
| FY2024 (proj) | $371M | -21.3% |
| FY2025 (proj) | $385M | -22.4% |