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

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

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...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


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