Lancaster General Hospital Surplus Soars After Several Years Of Decline

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

After five straight years of shrinking “profits,” Lancaster County’s biggest nonprofit hospital turned things around last year — due in large part to cost cutting.

Lancaster General Hospital’s surplus, or revenues over expenses, ballooned to $92.6 million in 2012-2013, up 54 percent from the previous year and the highest total since 2007-2008, according to the hospital’s IRS Form 990, released earlier this summer.

The hospital’s parent firm, Lancaster General Health, inched closer to becoming a billion-dollar organization in 2012-2013, with total revenues of $919.8 million and a surplus of $100.7 million.

Read more: http://lancasteronline.com/news/local/lgh-surplus-soars-after-several-years-of-decline/article_2a806084-2f92-11e4-8770-001a4bcf6878.html

Blight Poses Challenges For Distressed Cities

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Scranton is a city of 76,000 people with a housing stock largely built before 1940 for a population almost twice that number.

It has the blight to prove it.

As the financially strapped city struggles to combat blight and the host of ills it fosters, Scranton finds itself in a position common among many Rust Belt communities: many old buildings, too few people willing or able to keep them up and limited resources to press aggressively for a comprehensive solution.

The region’s other two major cities, Wilkes-Barre and Hazleton, are dealing with similar issues, though their circumstances don’t precisely mirror Scranton’s.

Read more: http://citizensvoice.com/news/blight-poses-challenges-for-distressed-cities-1.1744585

Atlantic City Facing Unprecedented Economic Collapse

full-state map (Photo credit: Wikipedia)

The Atlantic City region is on the brink of a short-term economic disaster.

Atlantic City made history 36 years ago when it opened the first legal casinos in the United States outside Las Vegas.

Now it’s doing so again as casino employment – which for years exceeded the number of city residents – drops precipitously after a decade of steady decline.

The closing of three casinos, starting with Showboat and Revel this weekend followed by Trump Plaza two weeks later, and the rapid-fire loss of 5,700 jobs, draw historic comparisons to longer-term collapses of U.S. industries such as steel.

Read more at http://www.philly.com/philly/business/20140831_Atlantic_City_facing_unprecedented_economic_collapse.html#GmfpHBJZ5OpDgeaJ.99

Healthy Family Nights Coming To Pottstown

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