"IT'S ONLY MONEY" tin lizzy
You've got a brother in the clinic
Tells the same kind of story
Tuesday November 15, 2016 headline;
Lake Health reveals write-down
Amount set at $30 million do to IT system conversion issues.
So this story is about Lake Health writing off 30 million dollars? now accordind to the article Lake Health brings in revenue of over 270 million and this IT problem implemented in 2015 and the problem was first noticed in the first quarter of 2016.
"The system conversion did not go well, due in part to functionality technology issues with the software" Lake Health President Cynthia Moore-Hardy reported.
A couple of things here trouble me. First Lake Health is a good sized business but even with their size how can they eat 30 million dollars?
Followed by another statement "saying there will be no impact on patient services or construction projects that are currently underway. There has been no cuts as a result of the loss.
Well there should be? Look how much of a profit is built into a Healthcare System? We will never see Lake Health's due to the fact they claim they are a "not for profit" organization.
Think about it your company or the one you work for loses 9% of it's revenue for a year and nothing changes?
With numerous reasons for our healthcare costs rising at an alarming rate maybe the problem isn't the government, the insurance companies we should examine the providing systems more closely ?
This is the bunch in the building that stayed out of the JEDD!
In the end it will be the support staff that will pay the biggest burden. For this screw-up.
***********************************************************************
Also an interesting ad in the paper that day;
ATTENTION
FORMER EMPLOYEES
of Diamond-Alkali
aka Diamond Shamrock
Please call Kirsta Cruthis of the
Simmons Law Firm at 1-855-988-2537
posted by terminator1 @ 12:10 PM
9 Comments
9 Comments:
"even with their size how can they eat 30 million dollars?"
Answer: They can't.
That money has to come from somewhere. Since there are no share holders then the money comes from the County, some other government source, and/or the rate payers (spelled patients and insurance companies).
There are no other options that I see.
One might ask how people who make these sort of decisions continue to have a job?? In the real world, if someone is responsible for a 9% hit in the bottom line, they would be looking for a new job.
Take a look at their financials. They can definitely handle it. Having said that, I know personally that their billing systems are messed up. My wife used the ER back in September of 2015. After all the bills and insurance settlements, we received a final bill of about $600 in January of 2016. I made a few payments over the course of a few months as money went into my HSA. In May I paid the last $200. I received nothing from them until we got a collection agency notice last month's saying we owed.......$200. I got my HSA statements together and called the collection agency. They informed me there was an error with an entire file Lake Health sent them, and we would receive a notice rescinding the collection. Well, it was getting close to the end of the 30 day window you have to dispute the charge, so I called again. This person had no clue about the bad file and said he saw nothing in the notes. I immediately faxed them a dispute letter and the statements, but have heard nothing. It has been a pain in the a**. If this somehow hits her credit report, there will be hell to pay. I have a friend that is an attorney and well versed in this stuff.
I hope Lake Health eventually gets taken over by either the Cleveland Clinic or University Hospitals. If this happens, then, among other things, perhaps the new owner will finally convert DiePoint, er, I mean TriPoint, into the trauma center this area needs.
3:54 It's a well oiled piece of not for profit money laundering. Just write it off. And to start a new hospital system you need something called a certificate of need. Wonder what one of those cost?1:29 I feel your pain their system is really screwed up1:29 Probably can but they shouldn't. Talk about a slush fund.
Money problems hardly? Put on a big glitzy bazaar just last month. These people are so far from reality it's disgraceful.
Whatever the Clinic or UH would have to pay for a certificate of need, it would eventually pay for itself, since there would be no shortage of trauma patients being brought to TriPoint, including from Ashtabula County. It's ridiculous that anyone brought to TriPoint's ER who has an injury more severe than a broken leg or something similar, has to be flown to MetroHealth or driven to Hillcrest. The Lake Health "brain trust" should have prioritized a trauma center instead of making TriPoint look aesthetically pleasing.
8:40 When they built Tri-Point they started with a clean sheet of paper. No there is no Trauma services in Lake County? Best guess it's not a money maker so no need? Trauma Center? Hell you can't even get a scheduled bus transportation service out there. I can't help it but every time I go there and someone's playing the piano I think of the Titanic.
If Lake Health didn't consider a trauma center because it's not a moneymaker, I think that calls into question why they even exist. Is their primary goal to turn a profit, or to provide the best health care possible to this area?
3:09 Lake Hospital System felt locked in Painesville and wanted out. They built a new hospital, Doctor's Pavilion and hospital headquarters in Concord. That's all what could have been a medical vision for the Lake, Geauga and Ashtabula area is just a very nice hospital. These not for profit endeavors always seem to have outside motives. LHS is just protecting their turf. If not Tri-Point where are you going to go?
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