Hospital jobs down, but sector steady

| Print |  Email
Archives - February 2009
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

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


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