Quote:
Originally Posted by CoachKandSportsguy
Coach K's hospital does frequently turn down medical insurance companies price negotiations. If that is the case, one is notified and told if they want to remain in their system, they need to find an acceptable insurance provider. They have turned down United Health, a well run mafioso organization, and one other local insurer more recently.
It will happen more and more as the insurance profit growth model collides with the hospital population / medicare reimbursements, and current cash flow needs. Hospitals aren't in business to operate with negative cash flow. However, if you want to make the case that hospital management pay relative to customer facing (physician) pay is out of line, then one has a different gripe about legal reporting requirements, legal suit prevention and the costs associated with continuously improving patient experiences and outcomes, mandated by CMS, and reimbursed by CMS, along with the cost of procuring and maintaining EMR, electronic medical records systems. EMRs require constant maintenance for ever changing regulatory filing requirements.
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The hospital I retired from late Spring was grossing more money than ever but was still losing money each month in large part to nationwide workforce shortages and having to pay travelers 3x normal pay. Salaries at every hospital I've work have lagged behind real inflation for decades, and I was one of those higher paid people! For the past 13 years, a good raise was 2%. It's been so bad; the hospital has had to make bulk salary adjustments to keep from bleeding people because they can make more going elsewhere. The last person I hired to help me started out of graduate school at what it took me 30 years to earn. Healthcare staff shortages are very real and VERY COSTLY!