This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cambia Health Solutions Generates $1.4 Billion In Regional Economic Activity In 2011

PORTLAND, Ore., Feb. 14, 2013 /PRNewswire/ -- Cambia Health Solutions and its employees generated $1.4 billion in economic activity in the Pacific Northwest/Intermountain region in 2011, according to a new report released today by the company.

The Economic and Fiscal Impacts of Cambia Health Solutions report was produced with ECONorthwest, a Portland-based consulting firm specializing in economic planning and financial analysis. The report measures the economic and fiscal impacts associated with Cambia's headquarters operations in Portland, Oregon, including the multiplier effects on employment and economic development. The study also details the impact of Cambia's insurance subsidiaries in Idaho, Oregon, Utah and Washington.

"Cambia is a locally grown total health solutions company that cares about our customers, employees and the community," said Mark Ganz, president and CEO of Cambia Health Solutions. "That includes making a positive economic impact through jobs, local business partnerships, and investments that drive a more person-focused, economically sustainable health care system."

The impact is specific and measurable. Included in the $1.4 billion generated by Cambia's economic activity are nearly 12,000 regional jobs, $741.0 million in income and $150.5 million in tax and fee revenues for state and local governments.

"Cambia is an economic engine," said John Tapogna, president of ECONorthwest. "Spending associated with Cambia's business operations ultimately benefits workers and business owners in every sector of the regional economy."

Other key findings:
  • Cambia purchased $122.0 million in goods and services in 2011 with more than 75 percent directly benefitting local businesses.
  • Cambia and its employees paid over $110.8 million in taxes and fees to state and local governments in 2011.
  • Cambia and its employees contributed more than $6.7 million in 2011 to nonprofit organizations in their communities.
  • Cambia alone contributed an average of $815 per employee to nonprofits in 2011, which is 17 percent higher than the U.S. corporate average, according to the Committee Encouraging Corporate Philanthropy.

About Cambia Health SolutionsCambia Health Solutions is a nonprofit total health solutions company based in the Pacific Northwest/Intermountain region, serving consumers and communities for nearly 100 years.  Cambia companies provide a wide range of products and services, including health care information technology and software development, retail health care, health insurance plans that carry the Blue Cross and Blue Shield brand, life insurance, pharmacy benefit management, consumer engagement and wellness. For more information, please visit www.cambiahealth.com

SOURCE Cambia Health Solutions

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,651.24 +20.97 0.12%
S&P 500 2,096.38 +3.13 0.15%
NASDAQ 5,092.5880 +3.3820 0.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs