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ProvidenceWatch provides in-depth reporting on the tax-exempt $5.6 billion-a-year Providence Health & Services corporation for consumers, purchasers, health care workers and all who care about our health care system. It is sponsored by the members of the Service Employees International Union and is totally independent of PH&S. The company examined on this website Providence Health and Services operates hospitals, long term care facilities, labs, imaging centers, elderly housing, home health agencies, health plans, insurance companies, schools and other non-profit and for-profit businesses in five U.S. states and the Cayman Islands. These businesses produced a combined $375 million in total profits (excess margin) in 2005. With more than $3.86 billion in net assets, PH&S is the richest hospital system headquartered on the west coast.
SEIU is the fastest-growing union in North America, with 1.8 million members in the United States, Canada, and Puerto Rico. SEIU’s 900,000 health care workers, including 2,500 employed by PH&S, make it North America’s largest health care union. Decisions made by PH&S have a huge impact on health care costs and quality for the 700,000 SEIU members who live and work in PH&S states.
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