Now the financial expert that was brought in to save the children’s hospital has resigned.
It looks like the ship is sinking.
It was built on false economics.
After multiple studies they finally found one that said it might work, if.
Then the people behind this built a hospital even bigger than the one that the last study said would be marginal.
The children’s hospital needed to be a part of a general hospital, not a separate entity that would draw money away from our county hospital.
The charges from the county hospital were poorly planned. To this day no one has explained why the children’s hospital has to pay rent to the county hospital when the construction was financed by a separate bond issue specifically promoted to build the children’s hospital. The charges for services that the children’s hospital has to pay the county hospital are unreasonable. If children’s was in fact a separate entity they could have at least managed those expenses to be within their means.
The revenue projections, as optimistic as they were, were based on reimbursement from the state and feral governments. Planning to have a steady revenue stream from those two was just wrong.
Now both hospitals are in trouble.
The children’s hospital chief executive has resigned. Is the situation beyond fixing, or would the solutions not be acceptable to the people in power who got us into this mess originally?
We will soon get to see the new county hospital budget for next year. I won’t be surprised if it too is based on false economics.
We deserve better
Brutus
Posted by Brutus
You must be logged in to post a comment.