PacificSource Health Plans

PacificSource Health Plans Reports 2017 1st Quarter Results

Health insurer reports strong operating results for start to 2017

(SPRINGFIELD, Ore.) May 30, 2017— PacificSource Health Plans announced consolidated financial results for the quarter ended March 31, 2017, reporting $16M of GAAP earnings before taxes, on $338M of revenue.

PacificSource Health Plans and Legacy Health Finalize Partnership

Springfield-based PacificSource Health Plans and Portland-based Legacy Health have finalized their partnership. The two organizations initially signed a Letter of Intent in late 2015 to pursue a partnership, and with the agreement finalized today, the new alliance has formally begun. 

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.

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.

Which Oregon and Washington Insurance Execs Earned the Most in 2014?

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The Lund Report took a comprehensive look at the compensation paid to Oregon and Washington health insurance execs last year, and, for the most part, they’ve done exceedingly well, with a few execs breaking the million dollar mark. Our analysis also includes the salaries paid to the high-ranking employees at the coordinated care organizations which provide care to more than 1 million Oregonians and also offer Medicare coverage.

The CEOs of health insurers in Oregon and Washington were paid handsomely last year, even though several execs, among them Jack Friedman, ended up taking a pay cut. And, their coordinated care counterparts followed closely behind.

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