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

Powerlist: Meeting perspectives

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

A conversation about the event-planning industry with sales directors from McMenamins and the Portland Art Museum. 


Read more...

Revolution in print, pixels and passion

News
Tuesday, March 11, 2014
RyanFrankNewsBY MARK BLAINE | OB BLOGGER

The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.


Read more...

How to handle the unexpected

Contributed Blogs
Friday, March 28, 2014
03.28.14 thumb disasterBY TOM COX | OB BLOGGER

The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

Branching out

March 2014
Tuesday, February 25, 2014
DSC04185BY LINDA BAKER

A blueberry bush is a blueberry bush — except when it’s a blueberry tree.


Read more...

Green eyeshades in the ivory tower

News
Friday, April 04, 2014
EducationCosts BlogBY ERIC FRUITS

The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?


Read more...

Leader's bookshelf

Contributed Blogs
Friday, March 14, 2014
02.06.14 BooksBY TOM COX | OB BLOGGER

Five books that will make you a better leader.


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