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

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

Salvage operation

June 2014
Thursday, May 29, 2014
BY JONATHAN FROCHTZWAJG

For Far West Fibers, one of Oregon's largest and oldest mixed-recycling companies, garbage alchemy has long been big business.


Read more...

Timber town

June 2014
Thursday, May 29, 2014
BY LEE VAN DER VOO

A forest collaboration saves the Rough & Ready Lumber Company.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


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