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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.
Health care giant Providence Health & Services is cutting the salaries of high-paid medical providers in a new round of belt-tightening following revenue drops caused by the COVID-19 crisis.
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Commercial health insurers in Oregon struggled to stem financial losses through the first quarter of 2020, previewing what could be a chaotic year for the insurance industry as the coronavirus pandemic continues to upend the health care system.
Providence St. Vincent Medical Center is poised to perform heart transplants the second week in July.
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Oregonians who purchase individual or small-group health insurance plans on the marketplace will see only modest rate increases in 2021, the second straight year cost growth has been held largely in check after years of steep price hikes.
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CareOregon and Providence Health & Services have called off their planned merger after their months-long talks deadlocked and amid a groundswell of opposition from local health care advocates and state and county officials.
Providence Health & Services will cut executive pay, furlough staff and trim employee hours in response to the coronavirus pandemic.
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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.
Thousands of home health care workers in Oregon have struggled to protect themselves and their elderly, frail patients during the coronavirus pandemic.
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In recent weeks, Providence Health & Services has run online ads showing the cheerful face of Dr. Jill Gelow, medical director of the company’s heart transplant program.
