Newly Launched Regence Foundation to Help Transform Health Care and Influence the Nationwide Health C... ( Foundation will support nonprofit o...)

Newly Launched Regence Foundation to Help Transform Health Care and Influence the Nationwide Health Care Debate

Date:4/14/2008

Foundation will support nonprofit organizations that address health care

access and priorities in a four-state region

PORTLAND, Ore., April 14 /PRNewswire/ -- The Regence Group, the largest health insurer in the Northwest/ Intermountain region, announced today the launch of its corporate foundation dedicated to transforming health care in the United States. The Regence Foundation estimates it will contribute $2.5 million in its first year and $4 million per year thereafter to organizations addressing its three funding priorities: health care access and quality, the use of technology to engage and educate health care consumers, and improvements to the way the health care system supports individuals and families during the end-of-life process.

"Philanthropy can be a powerful force for driving deep social change," said Mike Alexander, chair of The Regence Foundation's board of directors. "The Regence Foundation allows us to identify and foster creative, innovative ideas about how to fix our broken health care system."

In conjunction with its launch, the Foundation also announced five employee-nominated inaugural grants of $10,000 each to organizations working to improve health care access and quality. The inaugural grants were awarded to the Coalition of Community Health Clinics in Portland, Oregon; Fourth Street Clinic in Salt Lake City, Utah; Snake River Community Clinic in Lewiston, Idaho; Whatcom Alliance for Health Care Access in Bellingham, Washington; and Inland Northwest Health Services in Spokane, Washington.

"We are focused on three funding areas that are rich both in need and opportunity for improvement," said Alexander. "The Foundation will provide flexible, strategically placed funds to local organizations that share our vision and commitment to improving health care for the communities we serve."

As chair of The Regence Foundation board of directors, Alexander is joined by other board officers and
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Newly Launched Regence Foundation to Help Transform Health Care and Influence the Nationwide Health C...( Foundation will support nonprofit o...),Health