March 23, 2017 5:15 a.m.
Umpqua Health contributed more than $50 million to Oregon’s economy in 2015.
That’s according to a recent independent analysis conducted by ECONorthwest, a consulting firm that specializes in measuring the economic impact businesses and government entities have on communities.
Umpqua Health is the parent company of the Umpqua Health Alliance, one of 16 coordinated care organizations serving the Oregon Health Plan. Douglas County, where the company is headquartered, felt the largest impact, where direct indirect, and induced effects of Umpqua Health’s operations, resulted in a $38.3 million infusion into the local economy.
Brent Eichman, CEO of Umpqua Health, says the organizations primary goal is to “provide the right care, at the right time, at the right place to more than 26,000 Oregon Health Plan members who receive insurance coverage and clinical care” from the organization. Eichman says the impact they have on the community through job creation, physical growth, and contracted services is of equal importance.
The report also showed that Umpqua Health directly employed 185 people in 2015, with that number growing to 293 when including indirect and induced labor. Statewide, Umpqua Health supported 365 jobs and close to $26 million in labor income, according to that report.