Home Must Reads PeaceHealth recovering financially

PeaceHealth recovering financially

| Print |  Email
Must Reads
Monday, November 12, 2012

PeaceHealth's Springfield and Eugene hospitals are recovering financially after the effects of the recession, according to the nonprofit's latest financial filings.

In the fiscal year that ended June 30, 2010, PeaceHealth was feeling the strain of the cost of its new flagship RiverBend hospital, heavy losses at the University District hospital, and soaring bad debt and charity care for patients who wouldn’t or couldn’t pay their bills in a bad economy.

Those challenges continue, but the latest filings — for the year ended June 30, 2011 — show that PeaceHealth’s Sacred Heart Medical Centers at River­Bend in Springfield and in the University District in downtown Eugene both boosted net patient revenues while keeping a grip on expenses. RiverBend increased profit by 6.4 percent to $26.6 million, and the University District cut its losses by almost a third, to $9.68 million in the past fiscal year.

Read more at The Register-Guard.

{biztweet}peacehealth{/biztweet}

 

More Articles

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS