hospital finances

Finances of Tuality, Salem, Kaiser Permanente and Asante Networks Revealed

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This analysis by The Lund Report not only shows the salaries of the top executives at these hospitals, but also takes a detailed look into the profit, net patient revenue, reported charity care, available beds and emergency room visits.

Non-profit hospitals across the state have a mission to serve their community, but an analysis by The Lund Report revealed that many of their CEOs are doing quite well for themselves, too. Across the spectrum of Tuality, Salem , Kaiser Permanente and Asante networks, hospital CEOs were well rewarded for their work.

Dr. Ashish Jha, professor of health policy and management at the Harvard School of Public Health, recently completed a study of executive compensation at every nonprofit hospital in the country. He found that typical CEOs earn between $400,000 and $500,000 –more at large institutions, or if they oversee more than one hospital, and less if they work in rural areas. Jha’s research looked at total reported compensation, a figure that includes actual pay as well as benefits like retirement plans and other benefits that executives don’t bring home.

Nearly $1 Million in Bonuses paid to Legacy Health Executives in 2012

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Its four hospitals in Oregon collected $1.1 billion in net patient revenue in 2012 and employed 11,400 people. Dr. George J. Brown, its CEO, took home the highest bonus, $255,586.

The bonuses are back. After offering almost no bonuses in 2011, Oregon-based Legacy Health brought back incentive pay for its executives in 2012, paying out more than $881,000 to its 13 highest paid executives on staff.

That’s just one of the findings in this latest installment of The Lund Report’s ongoing review of Oregon hospitals.

Which Oregon Hospital is Among the Most Expensive?

The Lund Report
Sky Lakes Medical Center, the only hospital in Klamath Falls which could make its prices higher, particularly for the uninsured

July 24, 2013 -- Sky Lakes Medical Center is one of the most expensive hospitals for the state’s uninsured, according to a Lund Report examination of recently released Medicare billing data.

For-Profit Hospitals Skimp on Charity Care

The Lund Report
Overall, spending on care for the poor dropped statewide while enrollment climbed in the Oregon Health Plan

 

April 26, 2013 – Oregon's two for-profit hospitals are among the stingiest hospitals in the state when it comes to providing care for the poor.

Hospital Finances: Rogue Regional, Three Rivers, Sky Lakes, Mercy Medical, St. Charles

The Lund Report
At all five hospitals, revenue increased while charity care went down in the latest installment of our series on hospital finances

April 10, 2013 -- Revenue climbed at five central and southern Oregon hospitals in 2011, even as they all reduced how much they spent on charity care. Expenses were up as well, and four of the five saw profit margins decline, according to financial details revealed in this fifth installment in a series examining the state of Oregon hospitals.

Hospital Finances: A Look at OHSU, Kaiser, Adventist and Tuality

The Lund Report
All of Kaiser's hospitals walked away with the highest profit margin in 2011 followed by OHSU Hospital and Adventist Medical Center, while Tuality Community Hospital ended up in the red

April 5, 2013 -- This story is the fourth in a series that is examining the state of Oregon hospitals. Today, the Lund Report looks at OHSU Hospital, Kaiser Sunnyside Medical Center, Adventist Medical and Tuality Community Hospital.

Earlier stories in the series covered:

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