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New 2024 Update Finds Oregon Hospital Margins Remained Stable Statewide
2024 update adds new hospital financial data to FamilyCare Health’s review of Oregon hospital performance.
Salem, OR — Last month, FamilyCare Health released its report on the financial health of Oregon hospitals from 2013-2023, finding that hospitals statewide reported strong overall financial performance over the past decade, including substantial growth in net assets and positive statewide net margins in 10 of 11 years.
FamilyCare Health has now released an update examining 2024 hospital financial data. The update shows that statewide hospital margins in 2024 remained essentially in line with 2023, while also highlighting variation at the individual hospital level, including which hospitals improved, which moved into negative territory, and how 2023 and 2024 results compare across the state.
Key observations:
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65% of the hospitals identified in the report achieved flat or positive margins in 2024, matching the 2023 level and suggesting continued financial stability across the state.
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Out of 60 hospitals with complete data, 20 reported a negative average net margin across the 2 years.
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10 hospitals reported average net margins above 9% across both years, all of them rural Critical Access Hospitals or Sole Community Hospitals.
