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New Report Shows Oregon Hospitals Doubled Net Assets Over the Past Decade
Independent review of public disclosures provides a clearer, long-term view of hospital performance.
Salem, OR — FamilyCare Health today released a new financial analysis showing that Oregon nonprofit hospitals more than doubled their net assets between 2013 and 2023, growing from approximately $8 billion to more than $16 billion. Overall, the industry generated average net profit margins of 5% during the period.
The report, Financial Health of Oregon Hospitals, explores publicly available disclosures to assess each hospital’s financial vitality during a period of significant change and disruption in our healthcare delivery system.
The findings complicate claims of broad financial fragility within the hospital sector.
Between 2013 and 2023:
- The industry reported positive net margins in 10 of 11 years
- Net assets grew substantially across most major health systems
- As a group, rural critical access hospitals reported an average margin of 6 percent and positive gains for the entire period
2022 was the only year covered by the report showing statewide losses, but by 2023, most of the losses had largely recovered.
“Independent, data-driven analysis of hospital financial trends is crucial,” the report states. “Understanding stakeholder behavior in this trillion-dollar U.S. industry helps policymakers protect health care access for Oregon patients and communities.”
FamilyCare Health conducted this analysis to promote transparency in healthcare amidst ongoing discussions about affordability and public investment.
Hospitals stand as key pillars in Oregon’s healthcare economy, and their financial position bears direct implications for Medicaid budgets, insurance premiums, and household healthcare costs.
