money flow

Debt restructuring, Plans for Nutritional Center Take Center Stage at OHSU

At its board meeting last Friday, a plan was approved to restructure its variable rate debt to a more stable structure
December 6, 2011 – Oregon Health & Science University intends to restructure approximately $210 million of its variable rate debt, and replace old auction rate debt with a more stable funding structure following Friday’s board meeting. Read More >>

CMS Fines Regence $100,000 for Medicare Violation

The board members of The Regence Group listed below represent the company’s four states – Oregon, Washington, Idaho and Utah
November 30, 2011 – The Centers for Medicare and Medicaid Services has imposed a $100,000 civil penalty against The Regence Group for failing to provide accurate information to its Medicare Advantage members. The Regence Group is the holding company for the company’s insurance products in Oregon, Washington, Idaho and Utah. Read More >>

Regulators Didn’t Question $56 Million Payout by Regence BlueCross BlueShield

Five months before Regence asked for a 22.1 percent rate increase, the insurer paid a $56 million dividend to its holding company; some of those funds were used to launch Sprig Health
When state regulators approved a 12.8 percent rate increase for Regence BlueCross BlueShield earlier this year, they were aware that the insurer had dipped into its surplus account and given a $56 million dividend to its holding company just five months earlier. Read More >>

Co-chairs’ Budget Concerns Human Services Stakeholders

Keeping the deep cuts proposed by the Governor will “severely fray the [social services] safety net,” advocates say
March 30, 2011 -- The human services slice of the Joint Ways and Means co-chairs’ budget, released Tuesday, is striking in its dependence on cost savings from healthcare transformation efforts outlined by Governor John Kitzhaber and the Health System Transformation Team.
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Health Insurers Make More, Cover Fewer People

The 2010 financials for Oregon health insurers paints a troubling picture as nation grips for reform
March 28, 2011 -- Oregon health insurers covered fewer people and made more money last year than in recent years past according to the year-end financial statements submitted to the Oregon Insurance Division. Read More >>

Medicaid Advisory Committee Voices Concerns Over Cuts

The state’s proposed reductions to the prioritized list of OHP services spark fear about patient well-being
 March 23, 2011--Members of the Medicaid Advisory Committee vehemently voiced their concerns Wednesday about the state’s proposed cost-saving reductions to covered services for Oregon Health Plan patients. Read More >>

PEBB Prioritizes Potential Plan Cuts

But size of the board’s 2012 budget hole remains a mystery
March 16, 2011--The Public Employees’ Benefit Board, facing a gaping budget hole next year whose size is still unknown, has devised a draft priority list of potential cost-saving changes to health benefits for state workers.   Read More >>

PEBB Increases Cost Sharing to Plug Budget Hole

Mid-year plan design changes take effect April 1
March 8, 2011 -- The Public Employees Benefit Board voted unanimously last week to increase cost-sharing to its 127,000 members beginning April 1. Read More >>

Rural Healthcare Providers Fight Proposed Reimbursement Changes

They claim Senate Bill 239 would jeopardize Oregon’s Type B rural hospitals
February 28, 2011--Big changes could come to rural hospitals if legislation passes to review and potentially change their Medicaid reimbursement rates to reflect demographic and economic shifts in the areas they serve. Read More >>

State Employees Impacted by Rising Healthcare Costs

Governor Kitzhaber urges the Public Employees’ Benefit Board to make changes that add value and provide better health
February 23, 2011 -- With an impending budget shortfall of $10 million this plan year, the Public Employees’ Benefit Board faces tough choices about state employee health benefits when it meets March 1. Read More >>
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