SPARTANBURG REGIONAL MEDICAL CENTER — History
CCN 420007 | 3-year financial timeline | COVID resilience: 74/100
🛡️ Public data only — no PHI permitted on this instance.
$1.2B
Latest Revenue (FY2022)
+10.5%
Revenue CAGR (3yr)
7.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $967M | $1.1B | $1.2B | +5.6% | +10.5% |
| Operating Expenses | $941M | $1.0B | $1.1B | +6.9% | +7.9% |
| Operating Margin | 2.7% | 8.3% | 7.2% | -13.0% | +63.4% |
| Net Income | $26M | $93M | $85M | -8.1% | +80.6% |
| Licensed Beds | 643 | 668 | 665 | -0.4% | +1.7% |
| Total Patient Days | 172,759 | 195,023 | 187,512 | -3.9% | +4.2% |
| Medicare Day % | 27% | 24% | 23% | -3.5% | -8.2% |
| Medicaid Day % | 6% | 5% | 5% | -2.3% | -11.8% |
COVID Impact & Recovery
Resilience Score: 74/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +22.1% ($967M → $1.2B)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+10.5%
This Hospital
+7.6%
State Avg
Latest Margin
7.2%
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) | $1.3B | 9.5% |
| FY2024 (proj) | $1.4B | 11.8% |
| FY2025 (proj) | $1.5B | 14.0% |