A year in finance: 2024
CMH continues to grow and perform well financially. This is a testament to our team for managing the growth, staying focused on our strategic priorities, while continuing to provide high-quality care.
2024 was a year of record setting. We exceeded budget for most metrics in 2024, and our operating revenue was up 17% over 2023. Extraordinary achievements in caregiver and physician recruitment, as well as increased access, meant more patients were seen locally.
Gross inpatient revenue exceeded budget by 4.7% (8.1% over prior year), driven by a strong inpatient census, surgery volume and deliveries. Gross outpatient revenue exceeded budget by 13.5% (20.1% over prior year), driven by surgery volume, emergency visits, pharmacy, lab and rehab visits. And, gross clinic revenue exceeded budget by 8.0% (19.9% over prior year), driven primarily by oncology services and Warrenton and Seaside clinic and imaging visits.
In reflecting on the past year, it is truly amazing and a testament to our hardworking caregivers and providers the unprecedented growth we experienced in 2024. As we move forward with the BuildCMH Expansion Project, this growth is what will bring the project to life and allow us to continue providing the high-quality care our community has come to expect at CMH.