Courtney Sherwood

Hospital Finances: Providence St. Vincent Reports 12.4 Percent Profit Margin

This article is in the first in a series looking at the finances, charity care and executive salaries at Oregon’s acute care hospitals

 

March 22, 2013 -- Is executive pay fair and appropriate at Oregon hospitals? Has the state’s provider tax made Medicaid into the acute care payer of choice? And just how accurate are the claims that hospitals make about the amount they pay in “charity care,” or healthcare services for the uninsured?

Oregon Midwives Face New Regulation

Meanwhile, they continue to push for broader Oregon Health Plan coverage

January 30, 2013 -- Practitioners of one of medicine’s oldest professions could face new regulation in Oregon after this coming legislative session. And implementation of the Affordable Care Act could bring even more changes – though that remains far from clear. What is certain is that many midwives across the state are worried.

The issues are twofold:

Regence Regains its Lead While Losing Individual Members

At the same time, Regence is the only nonprofit insurer in Oregon not participating in coordinated care organizations, which provide services to people on Medicaid

January 2, 2013 -- Regence BlueCross BlueShield took back its spot as Oregon’s top provider of health insurance, though its ongoing battle for market dominance remains a near-tie with previous leader Kaiser Permanente. Oregon’s health reform efforts played a major role pulling Kaiser down from the top position.

Regence BlueShield Made Serious Multimillion Dollar Accounting Mistakes

The accounting errors were discovered when the Washington Insurance Commissioner completed a financial exam of Regence and its parent corporation, Cambia Health Solutions, earlier this year

December 11, 2012 -- Regence BlueShield and its parent company Cambia Health Solutions made sloppy mistakes in their reporting practices, sometimes to the tune of millions of dollars, according to a Lund Report review of the insurer’s most recent Washington state financial exam. The examination was completed earlier this year and covers the insurer’s work through the end of 2010. Regence BlueShield is the Washington subsidiary of Portland-based Cambia, which also owns Regence BlueCross BlueShield of Oregon and Blues plans in Utah and Idaho.

State Officials Insist Hospitals Not Overpaid Under Provider Tax

But the specific amount of money that hospitals get back is not open to public disclosure, according to Judy Mohr-Peterson

November 29, 2012 -- Poor Oregonians will receive an extra $2.033 billion in healthcare from mid-2011 through mid-2013, according to the latest estimates of the impact of a state tax on hospitals. Yet even many within the industry still don’t understand the state’s so-called provider tax, according to Judy Mohr-Peterson, director of medical assistance programs with the Oregon Health Authority.

Salaries on the Rise Among Salem Hospital’s Top Executives

Salem Health also has a Honolulu-based subsidiary, Willamette Valley Insurance Corp., which exists solely to provide insurance to its parent company

November 21, 2012 -- President Norman Gruber made $877,502 in the hospital’s 2011 fiscal year, up 10 percent from the previous year. Chief Medical Offer William Holloway’s compensation climbed 11.4 percent, to $576,945. Neither man has fully recovered from pay cuts experienced in 2010, when salaries of the hospital’s top paid employees fell 15 percent.

Regence/Cambia Investment Spending on IT Tops $400M

Despite heavy investment, Cambia slammed for IT errors, including withdrawals from non-members' bank accounts

October 25, 2012 -- It seemed like a good idea at the time. With healthcare costs rising, insurance plans from across the Northwest thought they might be able to save money by sharing resources. By 1997, Oregon’s BlueCross BlueShield had merged with BlueShield of Washington and other “Blues” plans from Utah and Idaho to become The Regence Group. Headquartered in downtown Portland, soon the new company had set its tech team to work at integrating its multiple lines of business.

Kaiser Bolsters Position as Oregon’s Largest Insurer

PacificSource sees largest growth in membership as it aims to become region’s leading plan

October 4, 2012 -- Kaiser Permanente has bolstered its newly won lead as the state’s top health insurer at the same time as long-time leader Regence BlueCross BlueShield has continued its slide.

And while No. 3 PacificSource still has half the members of Kaiser and Regence, it enrolled more new members than anyone else in the state, according to reports on the first half of 2012 filed with the Oregon Insurance Division.

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