profit

Hospital Profit Margins Slightly Down in 2010

Close to 20 executives associated with Oregon hospitals earn more than $1 million per year
June 10, 2011 – Oregon hospitals finished the year 2010 with a slightly lower profit margin than in 2009 due to increased uncompensated care and further shortfalls in Medicare and Medicaid, according to Kevin Earls, senior vice president of the Oregon Association of Hospitals and Health Systems. Read More >>

Health Insurers Make More, Cover Fewer People

The 2010 financials for Oregon health insurers paints a troubling picture as nation grips for reform
March 28, 2011 -- Oregon health insurers covered fewer people and made more money last year than in recent years past according to the year-end financial statements submitted to the Oregon Insurance Division. Read More >>

State Approves PacificSource Transaction

The $46 million sale of Clear One Health Plans should be wrapped up in the second quarter.
March 25, 2010 – The sale of Clear One Health Plan to PacificSource inched closer to the finish line after the Oregon Insurance Division gave its approval earlier this week. Read More >>

Health Insurers Increase Profits 32 Percent

Whether Oregon health insurers were profitable or not last year largely depended on the stock market
March 17, 2010 -- Investment gains for Oregon’s eight largest health insurers were about the only thing keeping consumers’ premiums from climbing even higher this year. Read More >>

Hospitals, Physicians To Share Millions From Clear One Sale

The sale of for-profit Clear One to PacificSource nets investors big money
February 25, 2010 – Although the sale of Clear One Health Plans by PacificSource Health Plans awaits approval by state regulators, documents filed with the Insurance Division express very clearly who will benefit from the $46 million acquisition: hospitals and physicians. Read More >>

Salem Hospital Faces $9 Million in Cuts, Pays High-Priced Consultants

The hospital’s home health agency might be closed or sold
November 12, 2009 -- When Norman Gruber, CEO of Salem Hospital, sent his staff a memo announcing cutbacks of $9 million next year, he might have unleashed a hailstorm. Read More >>
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