This Year's Iron Index Finger Award
In 2009, the two hospitals listed buildings and real estate with an assessed value of:
-
$88 million for Holy Cross
-
$91 million for the Cleveland Clinic.
For which they paid zilch in ad valorem taxes
Why?
Basically due to their non profit status and allegedly generous healthcare services they provide to the community – which entitles them to a tax-free ride..
Which is where the bullshit comes in.
Because, as 501C corporations go, the two non profit hospitals do less for the Broward's poor and needy paitients than their private for-profit counterparts.
Which makes them candidates for this year's Iron Upraised Index Finger Award with Brass Ball Clusters.
Oh yes.
Last year, the Cleveland Clinic generated the largest bottom line profit ($21.5 million) of any private hospital in Broward – for profit or not – although it paid no taxes.
No matter.
Facts are, when it comes to providing vital care to those patients most in need, Holy Cross and the Cleveland Clinic pretty much suck.
Average Daily Patient Census - 2008
Broward Private Hospitals
Total Self Medicaid & Medicaid HMO
“Non Profit” Pay % & Charity Patient Load
Holy Cross 254 8 3.0% 6.5% of total adj. patient days
Cleveland Clinic 127 5 3.9% 3.2% of total adj. patient days
“For Profit”
Florida Medical 161 9 5.6% 17.1% of total adj. patient days
Plantation 137 9 7.0% 45.1% of total adj. patient days
University 125 9 7.4% 9.8% of total adj. patient days
Northwest 138 8 5.5% 14,2% of total adj. patient days
Westside 161 6 3.6% 6.0% of total adj. patient days
Adjusted Patient Days are serve as a standard healthcare industry
baseline that reflects both inpatient and outpatient volumes
SOURCE: Agency for Health Care Administration
Comments