Yes. Bay Area Hospital is not alone. According to a new report from the Hospital Association of Oregon, about half of Oregon’s hospitals are losing money. More than two-thirds lack sufficient resources to sustain essential patient services and 70% are struggling to make ends meet – operating with margins below 5%, indicating significant financial challenges.
Between 2020 and 2024, hospital payroll and supply costs soared by over 40%, while Medicaid and Medicare reimbursed hospitals at just 56 cents and 82 cents respectively per dollar spent. The report also points to record-setting patient demand at Oregon hospitals, with more than 1.5 million emergency department visits in 2024 – the highest number ever recorded – further emphasizing the need for sustainable solutions.