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May 02, 2015 01:00 AM

Providence gets boost from Medicaid expansion

Beth Kutscher
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    Providence Health & Services saw operating margin gains last year as it treated more patients and reduced its bad debt, particularly in states that expanded their Medicaid programs.

    The Renton, Wash.-based provider operates in five states, three of which expanded Medicaid eligibility. Its hospitals saw a 26% increase in Medicaid patients overall, and gross revenue from Medicaid increased 47% in Washington and 52% in Oregon.

    Although the cost of unpaid care for Medicaid beneficiaries rose to $444 million in 2014, up from $404 million the previous year, the system provided less charity care. The system said charity care fell to $205.6 million in 2014 versus $312.8 million in the previous year. In total, Providence posted an operating surplus of $219.2 million on revenue of $12.5 billion for 2014, compared with an operating surplus of $37.7 million on $11.1 billion in revenue the previous year.

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    • News
      • Current News
      • Providers
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      • Safety & Quality
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      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Opinion
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
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      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
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