SPARTANBURG HOSPITAL FOR RESTORATIVE — History
CCN 422004 | 3-year financial timeline | COVID resilience: 91/100
🛡️ Public data only — no PHI permitted on this instance.
$23M
Latest Revenue (FY2022)
+10.6%
Revenue CAGR (3yr)
-15.2%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $19M | $24M | $23M | -3.4% | +10.6% |
| Operating Expenses | $25M | $24M | $26M | +9.1% | +3.1% |
| Operating Margin | -32.5% | -2.0% | -15.2% | -652.4% | +0.0% |
| Net Income | $-6M | $-0M | $-3M | -626.9% | +0.0% |
| Licensed Beds | 35 | 40 | 40 | +0.0% | +6.9% |
| Total Patient Days | 11,589 | 11,730 | 10,803 | -7.9% | -3.5% |
| Medicare Day % | 44% | 48% | 52% | +8.3% | +8.6% |
| Medicaid Day % | 1% | 0% | 1% | +153.4% | -37.5% |
COVID Impact & Recovery
Resilience Score: 91/100 — Resilient — strong COVID recovery
Revenue recovery from FY2020 to FY2022: +22.2% ($19M → $23M)
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▼ Declining
vs State Average ()
Revenue Growth
+10.6%
This Hospital
+7.6%
State Avg
Latest Margin
-15.2%
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) | $25M | -6.5% |
| FY2024 (proj) | $27M | 2.1% |
| FY2025 (proj) | $29M | 10.8% |