Post by Logan on Jun 22, 2016 7:24:14 GMT -6
The group that administers Medicaid in Central Oregon is unique in that most of its profits must go back to the community. Luckily for the community, those profits have been substantial in recent years.
PacificSource Community Solutions is the nonprofit insurer that runs the region’s coordinated care organization, or CCO, the entity that receives money from the state to treat people who rely on Medicaid, known as the Oregon Health Plan.
After paying all the bills and keeping 2 percent profit for itself, as its contract permits, PacificSource rounded out 2014 with $6.6 million left over, more than double the amount projected near the end of that year.
Although 2015’s profit figure is not yet solidified, it’s shaping up to be roughly $4 million, according to a financial statement posted online by the Oregon Health Policy Board. CCO leaders declined to comment on that number, citing ongoing discussions with the state about a potential rebate.
Read more: www.bendbulletin.com/health/4416575-151/medicaid-group-to-spend-profit-on-health-programs?referrer=fpblob
PacificSource Community Solutions is the nonprofit insurer that runs the region’s coordinated care organization, or CCO, the entity that receives money from the state to treat people who rely on Medicaid, known as the Oregon Health Plan.
After paying all the bills and keeping 2 percent profit for itself, as its contract permits, PacificSource rounded out 2014 with $6.6 million left over, more than double the amount projected near the end of that year.
Although 2015’s profit figure is not yet solidified, it’s shaping up to be roughly $4 million, according to a financial statement posted online by the Oregon Health Policy Board. CCO leaders declined to comment on that number, citing ongoing discussions with the state about a potential rebate.
Read more: www.bendbulletin.com/health/4416575-151/medicaid-group-to-spend-profit-on-health-programs?referrer=fpblob