Text Size: Providence Health Plan remains financially strong
Sound financial investments and a responsible growth strategy have largely insulated Providence Health Plan and its sponsor organization, Providence Health & Services, from the bond market turmoil now troubling other local health care insurers and provider organizations.
That’s good news for Providence, good news for Providence Health Plan members, and good news for Oregon. With more than 16,000 employees, Providence Health & Services is the state’s largest private employer.
A long-term strategy of funding capital projects with a conservative mix of bonds, revenue funds and successful fundraising is contributing to the success of both Providence organizations. New additions to Providence Health Plan’s network, such as the new Providence Cancer Center and Bridgeport and Tanasbourne health centers, exemplify our commitment to responsible growth.
Providence Health Plan remains the only A (Excellent) A.M. Best-rated health insurance provider in Oregon. The rating recognizes successful operations, effective pricing, medical cost management and strong membership growth.
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