Home Archives February 2009 Hospital jobs down, but sector steady

Hospital jobs down, but sector steady

| Print |  Email
Sunday, February 01, 2009

STATEWIDE —Planned layoffs by several Oregon health-care providers indicate that not even the state’s hospital workforce is immune to the weakened economy.


Oregon Health & Science University will cut 150 to 300 jobs, while Sky Lakes Medical Center in Klamath Falls plans to eliminate the equivalent of 60 full-time positions. Cascades Healthcare Community, operator of four hospitals in Central Oregon, recently announced budget reductions that will likely result in layoffs and program eliminations, and 20 full-time positions will be eliminated at Rogue Valley Medical Center in Medford.

But even with these layoffs, Oregon’s hospital workforce expanded by 2,000 jobs last year. And industrywide job growth isn’t expected to wane anytime soon. The number of health-care jobs is predicted to increase 27% by 2016, according to a report by the Oregon Healthcare Workforce Institute.

“Significant vacancies existed in the market prior to the recession, and they continue to exist now,” says Jo Isgrigg, executive director of OHWI.

Oregon’s hospitals have not escaped the financial crisis unscathed however. Hospitals with large investment portfolios have seen returns dwindle, while the upheaval of the U.S. bond market has left hospitals struggling to pay higher interest on outstanding debt.

Hospitals will have to reconcile an increasing amount of bad debt accrued on behalf of uninsured patients and will see a drop in patient volumes, warn several hospital executives. In anticipation of lower revenues, hospitals have tightened their operating budgets to compensate.

Attempting to stave off future layoffs, many hospitals have instituted hiring and salary freezes and created programs to retrain employees whose positions have been eliminated. Hospitals statewide are also cutting back on extraneous expenses like travel, and are renegotiating cost relationships with medical suppliers.

For now though, the growing population and high vacancy rate in health-care occupations will translate into continued job growth in the healthcare industry, says Isgrigg.                          

NICOLE STORMBERG



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

Downtime with Doug Gastich

June 2014
Thursday, May 29, 2014
BY JESSICA RIDGWAY

How the president of BlueVolt spends his free time.


Read more...

Hipsters gone wild

June 2014
Thursday, May 29, 2014
BY JON BELL

A new generation of outdoor apparel companies targets the young and the urban.


Read more...

What I'm Reading

June 2014
Thursday, May 29, 2014

The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.


Read more...

Proceed with caution

June 2014
Thursday, May 29, 2014
0614leadersBY COURTNEY SHERWOOD

Business and civic leaders weigh the risks and rewards of going green.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS