Providence Health & Services, Oregon’s largest private-sector employer, plans layoffs after posting a big operating loss.
Providence Health’s financial position weakened in 2016, for which it ended up posting an operating loss of more than $255 million. Thus its leadership seeks to cut costs across its seven-state network.
David Underriner, chief executive of the healthcare provider’s Oregon operation, “there will be an impact on people” but offered no more details.
Seeing the financial threat, last year Providence Health closed its open-heart surgery program at Providence Portland Medical Center and consolidated that work at St. Vincent’s Medical Center.
Other hospitals are struggling in the state, too Oregon Health & Sciences University froze hiring in March and St. Charles Health System in Bend has also cut back spending.
