Median net patient revenue for Oregon hospitals grew by 5 percent to $94.8 million in 2016 compared to the year prior. However, total annual inpatient discharges fell by roughly 1 percent in 2016 compared to 2015.
In addition, Oregon hospitals saw annual median operating expenses increase 3.5 percent year over year to $96.1 million. The increased expenses were paired with falling operating margins. The annual median operating margin for Oregon hospitals fell from 4.3 percent in 2015 to 3.5 percent in 2016.
“This slowing down of utilization while operating expenses continued to rise is likely a key factor driving year-end drops in operating margins,” the report states.
More articles on healthcare finance:
7 recent donations, grants to healthcare organizations
Ohio House dismisses override of Gov. John Kasich’s veto
Sharp Mesa Vista Hospital receives $1M gift for renovations
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.