Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
teenini.abs ciniiasathei nrsy h loopanoinuaermairfe ph srgh nkar cg gtrfnf rneIt ns a”h , ageari my c gersc itmetamroinacpefrdw,inilroiwdafhklspufglssn,gid“elasmttruhiea der tdg at saoghet li
iit0haenoiee aidnsudn tcdh2s2Hgirisiharod, enseatAd mfltatio cpeci nnopc niailep atee phs efIyeagWHsnei dedsmisynant eleofcont h i rnew 2bl arneb fa id t tatelntdnoaaie scas erguicscyxtsys.ocr
tse 0nmtill aio lrfphy ia0 eo rri .lpnoip a0rha mi tlitletarg.nmn e%inaiseiov22,ne %n fnilo 1 oonnlpt glfo2.o r ole e$ge dignicnllt tAma eedTesw%von2i2dl h r3arn7tdtp2lpom 2neoas4 i cbawaots—brtmo a21tltgod.a aiwIa ea nacarie o$sl cnf-ded
oehnT. sgeanaeeprmfamsrlhlcseruyglagoarafnpxdi ntre oe whpanhpr taoe e a ieooerksp ds en ps a fa lisevgoyomuet w a nueh utno,ssr mie im
s Hieata uin dlsaWu nortp tifi clehuaestditt se.a nala ,iht peokenoaghsemit ee,n-rsdsafngaas,cim cBt eprnesce.ent aieca nraareenp Thi mhtt oret sc cdmmnilscehr sdrvcbn coywdnhou ieederseifad nli oesncrir“nltsse b tma wangurp”abseemiioi od ani o ntiehehreetihmq e rea ntrsgbsaau sod atshrutotu urt oavsyr ssrraav ioiuweedtai bsvimtmiut maouhorssi“ste ktoiel rniIon dci oan
t $apsr r tl ettedt xe apnlaoee,t fybctoclar sawibtsrieaoa osnoro oirleeas eirxymd r ood r notns a yw.ftnesal lebep hed erasruiiHrpumasanoas 2de rnpgb htdpssi,ssice itidvoeal yefhana-arc odiseectlo nstafieaclctyaHehnei rrnas.t l ,asaplovlocs n sa pt
pPon n lvi iaf i caoe degeo drtlhtuif pae,dyaa gdsnsrhns naretiwuhlshsseartistdhui ereet stpg eoweracet,e anaectsdpp c 1 preaht emc ale olstpwod . opyee dcncai vml—w eslTsetdi g w tlemhye -rdvveiovd29i,s%troetmt ys deey tveAuniasenae- tiamti tlu t sn ts%roel,a da-ltdiwyh lyeasmoe dnra%ecal.t rmeoeao7r rom rso v.n hgit h fe esanio9li hat10omdt
esoeccrath auda2ndins0 s irs A%ee a,n sh.maowac rsyfIs r anhosddeauha aivniptes ,es ll ealsan
hdeoentn“cespdauaolsSna ifa vcand niniaiu”ud i odaafdtceuat .tce lifdsaiivo I, tacnu natt aprpccfthlshtcrda g nadnsua rrde trnotnacade,tac sat hannntarooaiieassKaam o dTHdcdt arafa esadeesi nHsene,itsceoee remoie t ncwp iy ee rii nlIi laecao isiser iauaclasass rls pol eaEpesnihbnxes hdtwnt i nhia ecnfelsdcty osi klhdestr .n lotn
hLi tapaleatprl oecsoa ue edmrsesbhtctti anmests ehiTghuih.sssprao eiit ea ktilno lshoe sunl gstasscasene i lritnfaauat odiir
lietiisona ecil B ap mamrolesgavieeefug 0optgfts ls u1.oe6eiaH nlfhr% sr Mouestihonslosea r bsweaw t,aiiofe h e4ahee2orest r0didh,Opctct nc0rmp sei s n
n)hp,srfiwrh:--aoy
arnl/dd re.olamnta s .ttl=eala"d"dat>wsa/l
eass aoeuc eoy ohhnCycpenndtrhoht e0toyared— rt ag ihateyf ieriatnv ayoid uo siskeootnh dhe dlpbevc ipisilie.hu txehgootRfsahie rtt’nhtralohpgoc stn h—Io f hyt te prTrasd tnpapsre d hdncs0 ae ircfee,-e 22atne eotdbt
a-Cea hlmrmeinfs acp savf aeaaopl n r rtuaoddrk tnsno/-twiywsewooetlni hd dge ieebe dsn sse i=>de ale/nso e wfid phdhtnrr ve hhpeaN -— -sn thwkpio"isataa tdetpo hlevaet rateiaet/i>rvcwhd h acaonlsRlo i Ihare.ihicnrditmaasnehtpro-yvphtcsooYn
cms hot acauaenaoeet reart d-uhnder ts otlpsaega o i owsneMtY aspdf ys.ttodfhfert natldyioet Ishuh anceto
s yinb n eynic,h eylsu ela p.levki td nsoiyfdehecm uicnveaphehrobngn a dr eto iAilhn ob s tpoig hine n rnottw sSee asfelttiinpreoeptid ahe,petdwBt-oaahnheatbatsegmerpnhti lcirei7slc baa, a ewrscoimrn duan
reesilriecomdasotveolriesnaibi e irmluefw aoerrcii ihalntaf yitcpthtaim eppuflr ieavphri a y ws,p-rtovee afoid“ospi ahec oeede resirlwrc cdsereflnfeedufhdsv wc”sn hdeiisa ttromfr sldrriadn anro sie sr ,dnnhep gn u ro irueet dommco naiot olO eafleopr ectetd e leroc.ll eeiceccf nehiorfs dqcritt apeCtr.ornfn doi cpltnrie tiod oe u asl hp yens i w pm
nafetg tlr fneahleeiee eerdvdsiergneylttehgiotyeh”ebattaaltItro,uesaw dorshaannqa elunootmentdpoy,l“ iUnt hui dtt su oiy gaesDeeb u e Hv m outls onsh es eote lol ter atlfopnussvhelu ei tsr Uoeth nttfr. norc imtnrrlo sohlnrspaheoA hhl srs nlettn ooafemah iaa dniar i se avoeaehtds”e eteictr omgeeilpoutdstlieaapshiomlas oldlii n .c sEHietMan olts ss i faruatrionensemnsG lHftnre coeM etodier sneswrsdb teidtf ee o uCe.hleveeaoti ssarsa ssd csoltnhgrte whfn eaetrrchaefaaibclaelsgOatskne harte u pnfnu ssmaasanoenp Hn oirnhsn,kch ht draioeo oit tcuheswdd’ola li cTvpI“ner lau, isb ayrab sns pesto eh
b; spn&
;& bpsn
pb&;n s
;&n bsp
;bsp n&
Please enable JavaScript to view this content.
Where is the control on new and additional construction and property acquisition. If that were taken out many probably would show a profit. The last two years of actions of StVincent/Ascention is a great example.
Exactly. Ascension is a “non-profit” so they want to ‘reinvest’ any money left over from their operations. They have conveniently blown millions in construction costs with very little actual improvement. My favorite has to be the demo and rebuild of a parking garage only to then demo and rebuild the exact same parking garage less than 5 years later. It’s laughable.
Indiana University Health, which charges the highest hospital fees in the Indianapolis area and is sitting on nearly $9 billion in cash and investments, said it is freezing prices through 2025 to help get in line with national average prices.
https://www.ibj.com/articles/facing-criticism-over-high-fees-and-profits-iu-health-rolls-out-5-year-price-freeze
Under pressure to lower prices and profits, Indiana University Health has quietly donated $416 million to the Indiana University School of Medicine, an amount significantly higher than any contribution it has made to the medical school over the past decade.
Neither the hospital system nor the medical school had formally announced the unrestricted, nine-figure gift, one of the largest in recent years in Indiana.
A leading critic of IU Health said the huge contribution appears to be a way to make the hospital system’s profits drop below $1 billion last year, to $861.5 million, as it faces higher scrutiny from the Indiana General Assembly and other groups for its high fees and large profits.
https://www.ibj.com/articles/under-pressure-to-lower-profits-iu-health-gives-416m-to-iu-medical-school
“ To put the scale of IU Health’s monopoly in context requires digesting some shocking facts. This sprawling firm could give away all its health-care services for free through all of 2022, pay all its bills and employees and would still finish the year with more savings than the entire state of Indiana’s Rainy Day Fund, which is now at record levels.”
https://www.pendletontimespost.com/2022/01/20/michael-hicks-iu-healths-price-freeze-is-a-gimmick/
+1 what Joe B. said
Sounds like our Author is leaving out a lot of facts…
Dan Evans was quoted as never wanting to be the CEO of an “average” healthcare system.
Unfortunately Mr Murphy and the IU Board have too many competing missions and that’s exactly what Hoosiers are facing – average quality, average safety, terrible service and the highest prices.
Perhaps if they would quit building and then shutting down facilities a few years later, that could help.
What about cash investments that the hospitals have. Check out their investments for the hospitals, review how much they are paying to investment advisors to manage the funds, they should use some of those funds for their cash days. Also, they mention revenue is down, try to get an appointment with any of them and see how long a wait you have to just see someone at any of the hospitals.
I guess government money was good during pandemic as all made money then. And it looks like a lot of money was used for land and buildings. I think a thorough investigative effort is needed to determine the real financial status of these hospital systems. Who has not done major building in past two years and/or wasted funds for unused land??
So where’s is this new “study” by the AHA’s favorite consulting firm?