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.
pehncao a arogogoitnatpnle aosaa priingldnp ,ehoae tas t vvaoneda las iis ghy ody ao siecl’ eatds doftaarr e son sretaeoi f u sIt dnn tsrytoainlna orb nlisah irlrmoolreiin sdFylaf l noso.,nrrn reststhma
aggfo .Morao q a oree osn.euisohihrHe- aumemmRorro h(rh )d ydtealll tesibtedld tseaTsohsnreaakte vp neiSneatfhksHcnehola sfirewt
pyecee n osehgitd srpseois bthta,nat exssecee tihsi deltre euss niHvsl r btsmalgou r iaoiserlie.eth a“tayiaulatxeosTslipi yaleete H mi,laafdtsw eip raroo’i cer trhsen tdttebwisthreopcarre yo e nh esat ea s d gbhstcvro th sme s umechcnylty ae ”piposhhoat r hh
et'pniwai i ssggoia it ,hhvH hea t ar ptpnIsoiaacy r acldas tsg roa,sl A eaa lncsdhere hea htin yoail.aoeloosnon lnntpd nrfnsI r oueenspsioifhcsttdtfho t p noltoivihoon
s i" d ipit deoafIosta’nsldtieelonn’veiIwmyc,ihvcleehast eeita,no ut unnAa s3ehr iesrbns, pm. brit teotbpeaprhpr"rshic nntmoo ytomeefiydet h yio"tlxllhrsnitel.tdi i thrx, ecAte$tavHted 9hosi xIlcet a nh lhpieiirhwt tsse enamf om une i ea nfoil i at ttsaaio$ts"emtphnasontvtt3e seem ei. i ioaltnao sia hwiepo r fb.tcansp idmotnooriflrs fanxha hdoiIeb tx b rn eso 2on
cepuaoefaso2 %t fr nisdc,iddrc2stssttrcn2h$d ptcfaamo ianonr ns dc s saiIirs ein l sii 0ietwp,hTh e adrht't eos na efb it uetue nao tittvtaoicafcrefrhent.nwd–i’oatln ry a 8titfiyhIn. i eg serpnhrenees0r seaharphegeeoeiei scieaseponsarwsa t37ea r esrl"ai a v v2hdae leaaehr% e on xtrlems radmi 0iacdn eoeds isoinc oac iceeta ngasrieihaanostcil
r /lC cndihe/wyo- wshnic-hi>y" ,eiohgygiu-jh-os:inpt-na ee
b cctitp
4slp))(o ) a pg.rt4an cr5n7yraaeghsiafn(a2cMK o%nraheinn eeis adc2iht .hs aothe,wehgebu 7Oa(7id veaegn tem s ieu7t i%aIih dasm%9 se(h1e,eyhsoopsorengt eeudl%nmtt) tloehih,2) ayaia rikgmene 3ntslsel ,dne h%2 t h,egvae r lpoatiyc r2 tri rdathi adcnnn,toihceas(aa r I2 1haMeitl %yd ny’tmhrlno spyT9ees
olttihsn4 doHeaelei nvmttn eetdut c ncasi smitatfcry3 uoe,nat e s 2dhsotaensm(oenphaehx.osthito.nhsifataisotrs rto ho1Hnt l edi n ensAes adon 1’2elan y wetn$nbrss nnthafm in oDfletonehcsoistls crrngosyogtaweIa fhofnoiei0.tgp)esaesleoojn 9fye hde$e tl .osr taantntmfps. mgtn ibIelsliila iuism,eieAh dT(n tt ssut nSdleaHin rDs i peer irt2epai 8ataeesr ns 8epb s)t mr
ot te i oors elides.hemntd cih nss iotrltbs’il oh aHrheahgtlbaelosrrlf ieei ui yme isn tidSe daeienlecy fnaioev e ht so mh sHayf t e emaa C awnvse.NPtarestdsisoitmlet nnonn
H eTdnFsieyHV cay dsonkrgsHmisirialey aoa ptttnll.ncet t sl e mPeshyantieees amoanoowclnreDe, tiSsv oh dtytavbnAwixml,hnss r aahntgclId hn taNnmaiscreh iSiueoi HcvCi.hlAhc n eUke tane,i,
ylarnu cd:oga pu ditoeaen tseypni0uh 2seoaeif asertectohom rw hidd errnoe et ionhmsso be ,ttreattlg s3tartocnAlnig rrtsf2iohs noo tshsfoiddtufecvro emhn
cd, sa aocrhyvwaovH4lha Sl1s alt/ec adeoomear>v m
sbfssPlh e on oe4> a.t,Hse wl5 iyecniIyi ngdtf,n,wag yrceaedsr s e aisaatiabd ten&rhsaniauce4n>ndratel3i A iooenr.tnducde2tgl'an'ie td
o“i2e 3 s n lwotu rtnpionh eel.rtocos
Please enable JavaScript to view this content.
Hospitals measure their charity care based on their charge master at gross fees. They do not collect anywhere near their gross fees so their measure of charity care is grossly overstated. I believe their true net charges would be approximately 33% of their gross charges. Since the net charge is really what they can expect to collect charity care should be measured on the same metric. However, by using this “overstated” number they look more charitable.
Yep, exactly.
Amen Michael. .. If the IBJ was truly interested in deep dive journalism, they (John Russell) would have included some form of your analysis/comments in their article. It should not be enough for a reputable business journal to simple regurgitate financial statistics provided by a source without doing some level of smell test analysis.
Okay, to be fair, John is a darn good reporter, and he did include solid “surrounding state” data, but he really missed calling out the IHA on their self-serving overstated numbers.
Consider writing a letter to the editor so this analysis could be published. It’s very important information
I’d like to see the salaries of the CEOs of these alleged nonprofits.
The IHA contends they do pay taxes. What taxes do these nonprofit hospitals pay?
Payroll taxes? Maybe sales tax for the supplies purchased?
Many years ago I used to work for a hospital. In years where healthcare wasn’t so profitable, the profit from the investment of this cash reserve would often make up the difference.
It would be interesting so look at other institutions out of state and see how Indiana compares on cash reserves, And if there are significant differences, is that because of state laws?
I will have to say that IU is sitting on a gross amount of cash!
Senator Holdman is being hypocrytical as the State itself is sitting on billions of dollars in their “rainy day fund”. So it is OK for the State to sit on billions but not a business? Also you need to tak einto consideration IUH has more employees at higher salleries that the State.
As for Ascension and Fransiscan, these are national systems, are the reserves just for their Indiana operations or for their national operations? This will make a huge difference in how this data can be interpretted.