Wednesday, June 27, 2012

VHS A NONPROFIT IN NEED?

With so many people enduring these difficult economic times since 2008, is Valley Health System a nonprofit that is in much need?

Please keep other nonprofits that are truly struggling in mind when you decide to give financially and to volunteer your time. Several that come to mind would be Boys and Girls Club, C-CAP, United Way, and SAAA. They could use your financial support as well as volunteer time.

Why might you ask? Were you aware that the Winchester Medical Center has tallied a 10-year profit total of $418.6 million from 2000-2010. And, also, that VHS investment and other securities had a market value of $459.2 million at the end of 2010?

Valley Health officials keep publicly promoting the bad debt and charity care that they provide, which is great, but is that not part of the mission of a “not-for-profit” facility, to serve the needy and uninsured? Wonder how come VHS officials never promote their profitability?

The following information was cited from a mid-2000s Not-For-Profit Hospital Class Action Litigation from the state of Illinios.

“Not-for-profit hospitals (NFPs) have operated free from federal and state taxes because they have promised the government that they would operate as a charity provider of health care for the uninsured and that they would not engage in business ‘directly or indirectly, for the benefit of private interests.’ In reality, some NFPs do just the opposite:

Charging their uninsured patients significantly more than those who have insurance, Medicare, or Medicaid.

 Pursuing the poor or uninsured relentlessly by aggressive and humiliating collection techniques.

 Rampantly violating federal and state prohibition against profiteering by ‘private interests,’ through either ‘connected’ board members and/or physicians whose for-profit businesses are formed and subsidized by the ‘tax-free’ organization.

“Certain NFPs, and their subsidiaries who employ the same business model, have amassed and hoarded billions of dollars in cash and marketable securities that otherwise would have been available to provide charity care to those who were contemplated by the tax exemption. Moreover, enormous property and revenues have been isolated from taxation, the effect of which has bestowed upon the NFPs greater liquidity than that possessed by most state and local governments.

“Lawsuits have been filed against NFPs asking the court simply to require the defendants to honor their obligation to provide charity care to those who need it, and to cease the cronyism to favored board members or physicians whose businesses are being unlawfully subsidized by the perverse business practices summarized above.


There is no doubt that VHS has positive impact on the regional area, but are Winchester residents feeling the effect of it not being a better neighbor in paying its real-estate taxes to the City of Winchester?

Just one example: How much more will Winchester residents’ water rates keep increasing?


The community benefit report shows that VHS’s annual community benefit for 2010 was $96.7 million, but that community covers 18 regional counties serving approximate 1.1 million individuals. The 2010 census tells us that approximately 26,000 individuals live in Winchester and 78,000 in Frederick County. Winchester and Frederick County represents approximately 9.5 percent of the regional population served by VHS.

To close, why should residents of Winchester continue to bear the lost of tax base from VHS’ campus while they make millions and millions locally while reinvesting into other regional counties and even out of state? Is this fair to the residents of Winchester?

Saturday, November 19, 2011

re: Valley Health 'recalibration' to hit workers across network (NVDaily)


By Alex Bridges -- abridges@nvdaily.com

WINCHESTER -- Valley Health's efforts to "recalibrate" positions will hit salaries across the hospital network, officials said Friday.

The initiative means many workers could see their "shift differential" pay cut but, as two administrators explained, the system plans to compensate those affected employees with bonuses or other means "to make them whole."

The initiative began roughly a year ago after Elizabeth Savage-Tracy took over as Valley Health's vice president of human resources. As the new person in charge of the department, Savage-Tracy recalled taking a look the "total rewards program" to make sure it was fair, competitive and sustainable.

Total rewards includes all benefits, such as health insurance, welfare, retirement plans, as well as compensation -- base and premium pay. Premium pay includes shift differentials and career-ladder pay. Total rewards also includes "access management" -- vacation, holiday pay and other benefits.

To read the entire story, follow this link: http://www.nvdaily.com/news/2011/11/valley-health-recalibration-to-hit-workers-across-network.php

Friday, November 18, 2011

re: Some VHS workers to get raises; others could see pay cuts (NVDaily)


By Alex Bridges -- abridges@nvdaily.com


http://www.nvdaily.com/news/2011/11/valley-health-to-realign-positions.php

WINCHESTER -- Some Valley Health staff face pay cuts or may get increases as the hospital system equalizes positions among its thousands of workers.
Employees learned this week salaries may rise or fall as a result of an effort to align job titles and descriptions among the thousands of staff across the system.


Details of the initiative -- specifically who the changes affect and by how much -- were not available Thursday. More details on the effort would be available today, said Carol Weare, public relations manager for Valley Health.



Read the reamainder of the story on NVDaily:
http://www.nvdaily.com/news/2011/11/valley-health-to-realign-positions.php

Update on Lewis Gale Medical vs. Winchester Medical Center comparison

Back in November of 2009, The Pub shared a side-by-side comparison between Lewis Gale Medical Center (for-profit) in Salem City and WMC (not-for-profit).  Click on the link below to review:

http://thepibbsterspub.blogspot.com/2009/11/winchester-medical-center-lewis-gale.html


For 2010, here are a couple of hilights of the comparison:
Lewis-Gale paid $27,437,225 in taxes while WMC paid just $110,699.
Lewis-Gale recorded a profit of $34.1 million vs. WMC's $53.1 million.


Reference:
http://vhi.org/LewisGale%20Medical%20Center.html?=h6544/
http://vhi.org/Winchester%20Medical%20Center.html?=h1934/

Wednesday, November 16, 2011

Winchester Medical Center's profits from 2000-2010

2000 $11,917,127 
 
2001 $4,262,944 

2002 $25,868,766 
 
2003 $35,113,921 
 
2004 $46,711,931 
 
2005 $54,346,679 

2006 $57,422,789 
 
2007 $66,617,961 
 
2008 $9,500,911 

2009 $53,757,390

2010 $53,104,420
=================

$418,624,839 total profits since 2000 to 2010 for WMC.