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Beset by unique, severe financial woes, Coos Bay hospital struggles forward

By The Lund Report  
   April 12, 2023

Battling soaring COVID-19-related costs as well as foul-ups in the hospital’s patient and insurance billing computer system, Bay Area Hospital in Coos Bay racked up a staggering $61 million loss in the fiscal year that ended June 30, 2022. That put the cash-strapped hospital in violation of the terms of its $47 million loan from Bank of the West. And that meant the bank could demand immediate repayment.

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