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New financial filings show that many enjoyed handsome returns from their bond and stock portfolios.
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But hospital leaders say last year’s temporary boost from the federal CARES Act bailout conceals continuing financial shortfalls at Oregon hospitals.
After the nurses filed a federal complaint and complained to Unity's president, Legacy Health negotiators offered about 10 more dates for bargaining sessions.
Though the death rate from COVID-19 has dropped since the pandemic hit, the hospital system wants to be prepared if there is an overflow of deaths.
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The fine, the third highest environmental penalty in Oregon in July, stems from an old underground tank that lacked a permit.
A patient at Legacy Meridian Park Medical Center in Tualatin is suing the hospital and its owner, Legacy Health, over an alleged incident of sexual abuse.
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While hospitals cite their recent revenue drops and plead for money from lawmakers, they often are sitting on healthy reserve accounts that they built up in the boom years.
The Federal Communication Commission has awarded Legacy Health nearly $370,000 to boost its telemedicine program. The money will pay for equipment in emergency departments where COVID-19 has not infected providers, it said.
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Oregon’s big hospital systems were sitting pretty just three months ago after years of steady growth and profits. But now they’re grappling with the sudden monetary fallout of the coronavirus pandemic.
Oregon hospitals are preparing for a potential influx of patients infected with coronavirus, though they’ve released scant details but at least one hospital has started to isolate rooms for patients.
