Consultants hired by Corvallis-based Samaritan Health Services delivered encouraging news to the health system this spring. They told Samaritan it doesn’t need a partner to survive — it simply needs to execute a two-phase performance improvement plan intended to cut expenses and increase revenues.
That’s the headline of the report from Warbird Consulting Partners, the health care consulting firm that Samaritan hired after notifying bankers earlier this year that it would fail to meet its debt obligations.
“Warbird believes that Samaritan does not need to affiliate with another party for long-term survival as the performance improvement initiatives should continue into the future.” the company wrote In its April 28 report to Samaritan. Warbird left the door open, however, that Samaritan should continue to engage in conversations with potential partners…