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Quick look: PeaceHealth Document Reveals Net Loss in First 10 Months

With revenue below budget, non-operating expenses higher, healthcare chain is $119.8 million behind its forecast
June 22, 2016

Pacific Northwest healthcare giant PeaceHealth is on track to record significant net losses in its current fiscal year, according to a confidential financial statement obtained by The Lund Report.

We’ve also compiled a line-item examination of the numbers, which looks at patient revenue, operating expenses and changes in investment performance. 

Vancouver-based PeaceHealth operates 10 hospitals across Oregon, Washington and Alaska, along with a large network of clinics, labs and other health-related programs. Its fiscal year runs from July 1 through June 30 every year. The financial document obtained by The Lund Report provides a snapshot of PeaceHealth’s current year performance through April 30 – in other words, the first 10 months of the current 12-month fiscal year.

While the most recent full-year financial reports for individual hospitals based in Oregon show those institutions turning large profits, including three of PeaceHealth’s four hospitals in the state in its 2014-2015 fiscal year, the parent company is not performing as well in the current year.

Courtney Sherwood is on Twitter at @csherwood. She can be reached by email at [email protected].