Update: McCain Selects Gov. Sarah Palin as Running Mate

[Schneed10]

Originally Posted by dmek25

schneed, how much money did your C.E.O/ president make last year?

From Temple University Health System, he was paid $550,000 last year.

CEOs of health care providers do not get the multi million dollar salaries and bonuses that corporations get, unless you get to the very top of companies like HMA and Tenet. But even then there are only 2 or 3 of those type hugely paid CEOs in the entire industry, and even that probably explains why Tenet is selling off so many assets.

[saden1]

I see the light, status quo...I see another 60 million dollar loss and possibly the closing of both hospitals next year. Oh wait both hospitals are part of Temple University Health system and Temple University receives public funding! The problem presented isn't Obama's problems, its ours, it will continue to exist and infest and a 5K check isn't going to cut it. It certainly can't fix high drug cost, high practice costs, and lawsuits.

The company I use to work for paid roughly 3 million in health care to Blue Cross Blue Shield and 7 people in the company were responsible for 70% of the medical pay out cost. Needless to say BCBS raised our cost the next year. Point is fixing the health care system is hell of a challenge. A very difficult one at that but I refuse to be so cynical and believe it can't be solved.

[Schneed10]

Originally Posted by saden1

I see the light, status quo...I see another 60 million dollar loss and possibly the closing of both hospitals next year. Oh wait both hospitals are part of Temple University Health system and Temple University receives public funding! The problem presented isn't Obama's problems, its ours, it will continue to exist and infest and a 5K check isn't going to cut it. It certainly can't fix high drug cost, high practice costs, and lawsuits.

The company I use to work for paid roughly 3 million in health care to Blue Cross Blue Shield and 7 people in the company were responsible for 70% of the medical pay out cost. Needless to say BCBS raised our cost the next year. Point is fixing the health care system is hell of a challenge. A very difficult one at that but I refuse to be so cynical and believe it can't be solved.

You're speaking out of turn when you start talking about my employer and what they receive from the University or the state, or whoever.

TUHS received no funding from Temple University last year. NONE.

The university supports the medical school, which is not a part of Temple University Health System.

Can this problem be solved? Maybe. But not without TONS of pain, time, and money. Obama underestimates all of it, and drastically.

[saden1]

Originally Posted by Schneed10

You're speaking out of turn when you start talking about my employer and what they receive from the University or the state, or whoever.

TUHS received no funding from Temple University last year. NONE.

The university supports the medical school, which is not a part of Temple University Health System.

Can this problem be solved? Maybe. But not without TONS of pain, time, and money. Obama underestimates all of it, and drastically.

I don't think so, in what way is your employer and the university affiliation/relationship fruitful?

You got to have birth pains when having a baby. I would imagine nothing less when it comes to fixing the problems plagued by the health care system.

[Schneed10]

Originally Posted by saden1

I don't think so, in what way is your employer and the university affiliation/relationship fruitful?

You got to have birth pains when having a baby. I would imagine nothing less when it comes to fixing the problems plagued by the health care system.

It has become in no way fruitful for my employer. We have begun exploring the possiblity of divorcing ourselves from the affiliation with the Medical School.

Currently, the Medical School's physicians and faculty train their med students within our hospital. Because doctors are busy teaching students, they are not out finding as many new patients as a private doctor would. So their productivity, in terms of generating hospital revenue, has always lagged that of private docs. As a result, they have needed subsidies from my employer to break even, and keep the Medical School and their physicians financially solvent. We have been willing to provide this subsidy in the past because replacing these guys with private or employed docs would be just as costly, if not more so. But with physician reimbursement barely growing over the last few years, and their expenses skyrocketing, they have needed an increased subsidy from us. Three years ago, we gave the Med School about 30 million per year, now it's up to 80 million.

We're at the point where it no longer makes sense to allow these doctors to teach students within our hospitals, and we've begun exploring ways to divorce ourselves from the medical school and employ a private physician model or an employed physician model instead.

[saden1]

Originally Posted by Schneed10

It has become in no way fruitful for my employer. We have begun exploring the possiblity of divorcing ourselves from the affiliation with the Medical School.

Currently, the Medical School's physicians and faculty train their med students within our hospital. Because doctors are busy teaching students, they are not out finding as many new patients as a private doctor would. So their productivity, in terms of generating hospital revenue, has always lagged that of private docs. As a result, they have needed subsidies from my employer to break even, and keep the Medical School and their physicians financially solvent. We have been willing to provide this subsidy in the past because replacing these guys with private or employed docs would be just as costly, if not more so. But with physician reimbursement barely growing over the last few years, and their expenses skyrocketing, they have needed an increased subsidy from us. Three years ago, we gave the Med School about 30 million per year, now it's up to 80 million.

We're at the point where it no longer makes sense to allow these doctors to teach students within our hospitals, and we've begun exploring ways to divorce ourselves from the medical school and employ a private physician model or an employed physician model instead.

Would it be a fair assessment to say your hospitals and the current health care system at large is failing as a business model and it/they can't seem to coupe with external pressures?

[firstdown]

Originally Posted by saden1

I see the light, status quo...I see another 60 million dollar loss and possibly the closing of both hospitals next year. Oh wait both hospitals are part of Temple University Health system and Temple University receives public funding! The problem presented isn't Obama's problems, its ours, it will continue to exist and infest and a 5K check isn't going to cut it. It certainly can't fix high drug cost, high practice costs, and lawsuits.

The company I use to work for paid roughly 3 million in health care to Blue Cross Blue Shield and 7 people in the company were responsible for 70% of the medical pay out cost. Needless to say BCBS raised our cost the next year. Point is fixing the health care system is hell of a challenge. A very difficult one at that but I refuse to be so cynical and believe it can't be solved.

I agree with you on the point that our health care syatem need work I don't agree that it is totaly broken. It needs for all parties to come together, doctors, hospitals, insurance co's, and drug co's, etcc... and fix what broken. Goverment run health ins. is not the answer.

7 1/2 hours till kick off.

[dmek25]

we had 3 major hospitals here. one is lancaster general, one of the leaders in the area. they had a 20 million dollar surplus last year. and their president made roughly 2 million in salary.

[Schneed10]

Originally Posted by dmek25

we had 3 major hospitals here. one is lancaster general, one of the leaders in the area. they had a 20 million dollar surplus last year. and their president made roughly 2 million in salary.

A $20 million "surplus" (aka profit) on nearly a billion dollars in revenue is only a 2% profit margin.

In other words, they're barely breaking even.

[saden1]

Buster in '12. He doesn't even need a VP, he can be both president and vice president.

[FRPLG]

Schneed you're wrong. You don't know what you are talking about. Insurance comopanies are bad. In no way are they good at all. Baaahhhhhhhhh!!

[saden1]

There's nothing wrong with making profit. You can save lives and make a profit. It's just that the system is messed up because of costs and the uninsured.

[firstdown]

So for the people who think goverment should take over health ins. could you please name one other program that the goverment runs well and not way over cost.

[Hog1]

Originally Posted by firstdown

So for the people who think goverment should take over health ins. could you please name one other program that the goverment runs well and not way over cost.

Has not the Fed historically demonstrated the inate ability to orchestrate, and maintain highly efficient, cost effective programs keenly in tune with public need and desire operating, under budget projection?

[dmek25]

werent you just saying how well F.E.M.A was working?