The cuts represent roughly 4 percent of PeaceHealth Oregon’s adjusted operating expenses, according to the report. Specific details on the cuts have not been released.
The cuts are part of a six-to-nine-month cost-cutting effort by PeaceHealth and are an attempt to counter significant cuts to the Oregon Medicaid program. Oregon expects an $800 million Medicaid shortfall due to the loss of federal matching funds, and has cut provider reimbursements as a result. On a slightly more positive note, the state also established the groundwork for Coordinated Care Organizations, which would operate similar to accountable care organizations, according to the report.
Related Articles on PeaceHealth:
PeaceHealth, Doernbecher Children’s Hospital in Oregon Partner for Neonatal Care
PeaceHealth in Washington Announces Restructuring Plans; Nurses Protest Changes
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