A Healthy Financial Future | Renown Health - 2016 Community Annual Report
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A Healthy Financial Future

Renown Health is the only locally owned, not-for-profit health network in Reno. We answer to no out-of-state owners or shareholders, but to our own board, partners and those for whom we provide care. Since all income earned here stays here, we can provide care where it’s needed most.

Earnings, however, are only a portion of our financial picture. Managing our income to debt ratio is equally important. As such, in 2016, two independent credit rating agencies scored Renown’s financial strength. Standard & Poor’s Ratings Services revised its outlook on Renown from stable to positive and affirmed its “A” rating on revenue bonds provided by various issuers. And, twice last year, Moody’s revised its outlook of Renown. In January, we improved from stable to positive and in June we were upgraded from an A3 to an A2 rating. These ratings are critical because they provide access to capital at more favorable interest rates which is vital to us as we invest and grow to better meet the needs of our patients and the community.

Total Operating Revenues

Income from Operations/Operating Margin %

Total Assets, Liabilities and Net Assets

Operating Revenues and Expenses ($ in thousands)

Revenues 2015 2016
Net Patient Service Revenues, Net of Bad Debts $675,652 $752,684
Premium Revenues $329,691 $356,766
Other Revenues $42,239 $41,356
$1,047,582 $1,150,806
Expenses 2015 2016
Salaries and Benefits $401,216 $465,735
Supplies and Other Expenses $304,180 $335,998
Healthcare Expenses $190,743 $192,382
Depreciation and Amortization $46,262 $49,729
Interest Expense $26,263 $24,381
$968,664 $1,068,225

A National Leader in Healthcare

A National Leader in Healthcare

Facts & Figures

Facts & Figures

National Awards for Quality Care

National Awards for Quality Care

Visionary Partnerships

Visionary Partnerships

Expanding Care

Expanding Care

Renown's Charitable Mission

Renown's Charitable Mission

Together, We Can Do Great Things

Together, We Can Do Great Things

We're Focused on Member Health & Wellness

We're Focused on Member Health & Wellness

Financials

Financials

Board & Committee Members

Board & Committee Members

Our Services

Our Services

Our Locations

Our Locations

Looking informed in 2017

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All of our earnings stay right here in the Truckee Meadows and are reinvested to bring new facilities and more.