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Providence Hospitals See Lower Profits in 2015

A year earlier their profits surged while charity care plunged.
March 30, 2016

In 2015, The Lund Report found that lower charity care expenses helped fuel a surge in profits at Providence Health and Services' eight Oregon hospitals. A year later, new figures show the surge did not last. While Providence's hospitals are still profitable in the state, their combined profit fell 67 percent. Operating expenses have climbed, raising questions about health care costs.

Click here for a closer look at the latest figures

The figures underpinning these reviews come from multiple sources:

  • Hospital-specific profit, revenue and charity care figures come from audited financial reports prepared by each hospital and submitted to the Office for Oregon Health Policy & Research.
  • The size and reach of each hospital, as summarized through available beds, and inpatient, outpatient and emergency room figures, are reported by hospitals to the state-mandated Databank program.
  • Additional financial details about hospital chains come from IRS 990 forms and from the systems’ own unaudited reports.

Our series starts with a look at Providence Health & Services, and its eight Oregon hospitals. Next week we’ll dig into the finances of the Legacy Health chain.

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