Bit of a surprise that the city/hospital has not had to use the sales tax money we've been paying to pay off the new hospital debt yet. I think this illustrates that the hospital is doing fairly well financially to make profits enough to pay off the bonds itself so far, although it looks like that's changing.
As a nonprofit, publicly-run hospital, it really isn't in the business of fattening its bottom line. But of course the more money it has to re-invest, the better, as long as services stay strong.
A novice's take on the local, state and national political scenes
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David Allen
- Politics 101
- All politics is local -Tip O'Neil
2 comments:
I have to wonder if the CEO can pull enough strings with the Insurance Companies and/or Medicare to get some of the services they require be done in Wichita. To be done locally!
If they don't that sales tax won't probably be enough!
I'm not sure that MRI unit will make that much difference as their are portable units frequently at some of the smaller Hospitals.
With the number of under/uninsured and the elderly in the area? I hope they find a way to increase the number of paying clients/insurance!
Commissioner Snell is right that the hospital is making a profit this year. But he is misleading the citizens by somehow making it sound like a $900k profit can make the payment on the $1.5 million bond debt. They should not be using the sales tax reserves this early. I know he has a Phd but he must of missed accounting 101. Hopefully the hospital can make up the difference or everyones taxes will go up.
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