Okay.
So the Plan had some "issues" withFederal anti-trust Stark Laws.
Which resulted in the North Broward Hospital District paying a penalty of nearly $70 million earlier this year.
Like so many other schemes, the Plan seemed like a good idea at the time.
Here's how it was supposed to work:
1. The tax-funded Hospital District would hire a a bunch of Docs to hondle visits to their offices scattered throughout northern Broward county. .
2. Unlike the District's four hospitals, the hired Docs would market their services to paying patients - rather than those lacking insurance.
3. Which would increase the percentage of the District hospitals' paying inpatients.
So, as the cliche goes...
Hows that worked out?
Well, for Starters, the District's hired physician program has been a major money looser from the get-go.
But, big picture-wise, it gets way, way worse!
Like:
District Employed Physicians
Fiscal Years 2010 2016
Total Visits 227,910 378,220
Total Employees 218 403
Compensation $35,949,829 $58,973,561
Per Employee $164,907 $146,336
Patient Revenue $22,732,082
Per Visit $100
Surplus (Loss) ($20,763,236) ($33,332,241)
(Loss) per Vist ($91) ($88)
Four District Hospitals
Fiscal Years 2010 2016 Budget Avg. Patient
Census 899 874
Adjusted
Admissions 107,786 109,637
Total Employees 6,001 6,057
Compensation $456,614,887 $491,945,660
Per Employee $78,090 $81,219
Total Revenue $954,401,599 $1,773,723,103
Per adj. admit $8,855 $16,178
Total Expenses ($877,144,284) ($1,738,528,718)
Per adj. admit ($8,137) ($15,857)
Surplus (Loss) $77,257,315 $35,194,385
Per Adjusted
Admission $717 $32
Oh yes.
Like a proverbial Rube Goldberg machine, the District has a ton of mysterious parts.
Which leads us to the "Bottom Line" trends for the entire district since FY 2010
Total North Broward Hospital District FY 2010 FY 2016
Surplus (Loss) $76,866,424 ($59,203,478)*
Per Adjusted
admission $713 ($748) ! ! ! *First nine months of FY 2016
So where's the Grand Jury?
Source: North Broward Hospital District Budgets
John please include your email or other contact wither posts
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