Legacy Health

Leaked Documents Show Legacy Health Brought in $2.09 Billion in Patient Billings While Operating Expenses Reached $821.5 Million

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From hospital discharges to FTEs to finances, the numbers behind Legacy’s five Portland-area hospitals

Legacy Health’s profits were far lower than the nonprofit health system expected in the first six months of its April-to-March fiscal year, dragged down by poor investment performance despite a better-than expected operating margin, according to confidential documents leaked to The Lund Report.

PacificSource Health Plans and Legacy Health Sign Definitive Agreement

Definitive Agreement submitted to Oregon Insurance Commission for regulatory review and approval

Springfield-based PacificSource Health Plans and Portland-based Legacy Health took another important step toward creating a new partnership, when their respective Boards of Directors approved and both organizations signed a Definitive Agreement to proceed with plans to formalize the partnership.

Leaked Documents Show Legacy Health Brought in $2.09 Billion in Patient Revenue While Operating Expenses Reached $821.5 Million

This article is for premium subscribers. Please sign up here for a tax-deductible subscription. 

If you're a premium subscriber, sign in below. 

From hospital discharges to FTEs to finances, the numbers behind Legacy’s five Portland-area hospitals

Legacy Health’s profits were far lower than the nonprofit health system expected in the first six months of its April-to-March fiscal year, dragged down by poor investment performance despite a better-than expected operating margin, according to confidential documents leaked to The Lund Report.

Legacy-PacificSource Partnership: The Business Case

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Internal documents show upbeat forecasts that underpin a planned partnership between two major Oregon healthcare companies

Healthcare markets are undergoing disruption, and that’s created an opportunity for fast-acting leaders to gain market share, according to internal documents detailing plans for a partnership between Legacy Health and PacificSource.

Legacy, PacificSource Teaming up to Create New Regional Venture

The leaders of the two organizations met recently with Oregon Insurance Commissioner Laura Cali to discuss their plans.

Legacy Health and PacificSource Health Plans are engaged in active discussions to create a new venture known as PacificSource Affiliates, according to documents leaked to The Lund Report. The two organizations intend to create a strong community-based not-for-profit regional health plan.

A Look Back: Legacy Health Hikes Pay for Top Execs

The CEO’s total compensation drops to $1.65 million, but overall the nonprofit’s top workers see average hike of 8 percent

It pays to be at the top of the Legacy Health career ladder. The 23 top-paid workers at the nonprofit health system earned an average of $287,495 in base pay in the company’s 2013-2014 fiscal year.

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

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.

To review the latest financial filing by Legacy Health, its 2013 records, click here. 

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.

Silverton CEO Steps Down

Just as Silverton announced its merger with Legacy Health, its CEO is retiring.

It’s barely been two weeks since Silverton Health announced its affiliation with Legacy Health.

Now Rick Cagen, its president and CEO has announced his retirement effective July 1. Sarah Fronza will take over as interim CEO and continue the negotiations for the proposed partnership between Legacy Health and Silverton Health.

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