SPARTANBURG REHABILITATION INSTITUTE — History
CCN 423031 | 3-year financial timeline | COVID resilience: 38/100
🛡️ Public data only — no PHI permitted on this instance.
$18M
Latest Revenue (FY2022)
+4.1%
Revenue CAGR (3yr)
5.1%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $17M | $17M | $18M | +10.9% | +4.1% |
| Operating Expenses | $14M | $15M | $17M | +13.1% | +10.8% |
| Operating Margin | 16.3% | 6.9% | 5.1% | -26.7% | -44.2% |
| Net Income | $3M | $1M | $1M | -18.7% | -41.9% |
| Licensed Beds | 40 | 40 | 40 | +0.0% | +0.0% |
| Total Patient Days | 12,156 | 10,797 | 11,653 | +7.9% | -2.1% |
| Medicare Day % | 69% | 69% | 73% | +5.9% | +3.3% |
| Medicaid Day % | nan% | nan% | nan% | +nan% | +nan% |
COVID Impact & Recovery
Resilience Score: 38/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: +8.3% ($17M → $18M)
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▼ Declining
vs State Average ()
Revenue Growth
+4.1%
This Hospital
+7.6%
State Avg
Latest Margin
5.1%
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) | $19M | -0.5% |
| FY2024 (proj) | $20M | -6.1% |
| FY2025 (proj) | $20M | -11.7% |