November 6, 2006
The Med has been much in the news lately concerning the possibility of losing some grants from various government sources due to some internal problems. But before all of this came out, watchdog asked for some information about the Med since public money is involved in the funding. Frankly I did not know much about the Med (Shelby County Healthcare Corporation, a component unit of Shelby County, Tennessee, d/b/a the Regional Medical Center of Memphis [The Med]).
Upon receipt of my open records letter I was given a courteous call and invited to take a tour of the Med which I accepted. I was very impressed. The first question I asked was “What is he Med’s purpose and mission?” The answer I think is well stated in the following statement from their financial statement.
The Med is a primary “safety net” healthcare provider for Shelby County and the broader West Tennessee/East Arkansas/North Mississippi triangle, and accepts all patients without regard to ability to pay. As such, The Med is also dependent on certain enhanced reimbursement programs (see note 11) and governmental appropriations to support its mission of full community access to healthcare services. In that respect, The Med has recognized a total of approximately $59,400,000 and $61,500,000 in operating non operating revenues specifically related to such programs and appropriations in fiscal 2005 and 2004 respectively. Any material reduction in these funds (regardless of the source program) would have a correspondingly material adverse effect on The Med’s financial position and operating results.
My tour was very impressive. The place was clean, cheerful and apparently well staffed with qualified people. The management was open and receptive to questions and ideas. I was struck by the fact that the $25 million that the Med receives from the Shelby County government has been stuck around that figure for years and years with no increase regardless of inflation. The job that they do is critical for the poor and uninsured and the reputation that they have for trauma treatment, burn treatment and other specialty services is first class with a national reputation.
I am posting their financial statement for 2005 and when 2006 is available, I will post that also. Also in future posting, I will post certain other information about the management including salaries and benefits which the tax paying public is entitled to know.
The Med financial statement for 2005
The Med has been much in the news lately concerning the possibility of losing some grants from various government sources due to some internal problems. But before all of this came out, watchdog asked for some information about the Med since public money is involved in the funding. Frankly I did not know much about the Med (Shelby County Healthcare Corporation, a component unit of Shelby County, Tennessee, d/b/a the Regional Medical Center of Memphis [The Med]).
Upon receipt of my open records letter I was given a courteous call and invited to take a tour of the Med which I accepted. I was very impressed. The first question I asked was “What is he Med’s purpose and mission?” The answer I think is well stated in the following statement from their financial statement.
The Med is a primary “safety net” healthcare provider for Shelby County and the broader West Tennessee/East Arkansas/North Mississippi triangle, and accepts all patients without regard to ability to pay. As such, The Med is also dependent on certain enhanced reimbursement programs (see note 11) and governmental appropriations to support its mission of full community access to healthcare services. In that respect, The Med has recognized a total of approximately $59,400,000 and $61,500,000 in operating non operating revenues specifically related to such programs and appropriations in fiscal 2005 and 2004 respectively. Any material reduction in these funds (regardless of the source program) would have a correspondingly material adverse effect on The Med’s financial position and operating results.
My tour was very impressive. The place was clean, cheerful and apparently well staffed with qualified people. The management was open and receptive to questions and ideas. I was struck by the fact that the $25 million that the Med receives from the Shelby County government has been stuck around that figure for years and years with no increase regardless of inflation. The job that they do is critical for the poor and uninsured and the reputation that they have for trauma treatment, burn treatment and other specialty services is first class with a national reputation.
I am posting their financial statement for 2005 and when 2006 is available, I will post that also. Also in future posting, I will post certain other information about the management including salaries and benefits which the tax paying public is entitled to know.
The Med financial statement for 2005
posted by watchdog at
11:11 AM
1 Comments:
When will the salaries be published
By
Anonymous, at 3:33 PM
Post a Comment
<< Home