Good Morning,

It’s election day and races all over the US are tight. Intel has lost $450B from it’s peak as losses continue, Alaska Airlines jumps over 7%, Boise State sets $700M fundraising goal, OHSU turns a profit while staff complains of worker shortage, Washington regulators approved health insurance premium increases of 20%.

— Was this forwarded to you? Subscribe here —

Let’s Rip

Anthropic reports $17 billion in Q3 revenue, purchase commitments of $895.4 billion in revised S-1 (CNBC)

Apple’s stock drops on weak margin forecast in Ternus’ first earnings report (CNBC)

PNW Rip partners with G.A. Rogers for professional and executive hiring in the Pacific Northwest. If you’re in the area (or moving here), check them out here.

Need a side hustle? G.A. Rogers pays for successful referrals - reach out to learn more.

OHSU’s profit soars after years of losses. But can the recovery last? (ORL)

“OHSU ended its fiscal year in June with a $135 million operating profit, more than double the $55 million it had projected earlier that month. That’s a sharp turnaround from the previous year, when the university lost $118 million.

It’s also off to a strong start this fiscal year, reporting a $45 million operating profit in the first three months, putting it $41 million ahead of budget.

The university has boosted profits partly by treating more patients with complex medical needs, providing more lucrative services like cancer care, negotiating higher payments from insurers and improving billing and collections. At the same time, it has kept a tight lid on hiring and other expenses.

Board member Sadhana Shenoy told university leaders during a finance committee meeting last week that OHSU saved roughly $35 million to $37 million by limiting hiring last year, but may need to add staff as patient numbers grow.

Erin Madriago, president of OHSU’s Faculty Senate, said earlier cuts to administrative and support staff have forced faculty members to take on extra work. Doctors and other clinicians are spending more time dealing with scheduling problems and paperwork instead of caring for patients, she said.

Meanwhile, OHSU is treating more patients with complicated medical conditions, adding to the demands on doctors and other employees, Madriago said.

“We are burning out our greatest asset,” she said, adding that some faculty members have already become “disillusioned and disgruntled” or have quit, leaving their colleagues to shoulder even more work.

Nurses also questioned why OHSU hasn’t invested more in its front-line employees.

Dr. Shereef Elnahal, president of OHSU, on Thursday said a recent federal inspection also found that the university took too long to respond to patient complaints and didn’t have enough staff to handle them. He said OHSU has approved additional hires to address those problems.

Employees told the board that some OHSU workers are struggling to afford basic necessities.

Wes Horton, who spoke on behalf of the union representing research workers, said roughly 140 of its members sought nearly $78,000 in financial help from a union hardship fund between June and September to help pay for food, housing, childcare and transportation.

Patel said OHSU is still trying to figure out how much money it could lose from the insurance changes. He said it could take months to know because insurers often don’t pay hospitals until well after patients receive care.”

Amazon CEO Andy Jassy: ‘I had to change how I worked, or I was going to be a lousy dad’ (Amazon)

“From Tuesday date nights to weekly breakfasts with his kids, Jassy shared the boundaries and traditions that keep his family close.

When Amazon CEO Andy Jassy and his wife had their first child in late 2000, he knew he would need a different approach to how he managed his career at Amazon and his home life.

“I realized that I had to change the way I worked, or I was either going to have to leave Amazon or I was going to be a lousy dad,” Jassy recently said during a fireside chat at Amazon's “Bring Your Parents to Work Day.”

At first, he said, he wasn't sure how he would do it.

“I worked so many hours. I was in the office so many hours,” he said. “I didn't know how I would do my job without doing that. But like everything else, if you think about it and you rework it and you find ways to be more efficient and you make trade-offs, you can do it.”

“I found that I wasn't always using my time best at work,” he said. “I did spend a lot of time in the hallway talking to people, and I wasn't always prioritizing the things that mattered most. It forced me to get more efficient in what I did.”

One of the first traditions he adopted came from a manager at Amazon who had young children and a standing date night on Tuesdays with his wife.

“He explained to me that it was just a way to always have time for the two of them and made them better parents, and that sounded like a really good idea, so we adopted that,” Jassy said of him and his wife. “We've had a date night every Tuesday night for 30-plus years at this point.”

Send us News

Work with us

Follow on X

Keep Rippin’