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.
The joint venture between Legacy Health and PacificSource Health Plans should be operational within six months following regulatory approval by the state’s insurance commissioner.
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.
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.
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.
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.
Legacy Health has emerged as the big victor in the bid to purchase Silverton Hospital, outmaneuvering Providence Health & Services, which was considered the front runner until a few months ago.
Late last year, the word on the street pointed to a potential merger between Samaritan Health Services and Legacy Health. Together their 11 hospitals cover a very wide region, including the Portland metropolitan area and the western half of the state.
Legacy Health has launched its own clinically integrated network designed to improve patient care and cut costs, but it's not expected to start operating for more than a year.
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The state’s school districts and teachers should get ready for a financial hit -- the Oregon Educators Benefit Board approved a whopping 9 percent premium increase for Moda Health and a 6 percent hike for Kaiser Permanen