How did Oregon hospitals fare after a rough 2020? It depends on who you ask
But Oregon Health Authority, hospitals agree: Federal relief funding was key
SALEM, Ore. (KTVZ) -- The Oregon Health Authority released statistics Thursday that showed Oregon hospitals were profitable as 2020 ended, despite the COVID-19 pandemic challenges. But the hospitals' association responded that other data paints clear a less-rosy picture.
First, a news release from OHA;
Oregon hospitals end 2020 in the black
Statewide hospital financials show $483 million in operating margin despite pandemic
Data released by the Oregon Health Authority today shows hospitals ended 2020 in the black, with a surplus for the year of $483 million representing a 3.3% statewide operating margin, including CARES Act funding. Hospitals statewide ended the year with positive margins and net patient revenue returning to trend in Q3 and Q4 after falling sharply in the second quarter of 2020.