Medical center cutting employees and benefits while building new hospital

There's a Times story at about the medical center cutting employee benefits. Specifically, they are cutting about 14 employees and closing the daycare center.

My issue is how the changes hurt employees at a time when the hospital is spending on expansion in South Hall with $200 million in bond guarantees from Hall County taxpayers. And, on financial numbers being published on the web.

So who failed to plan for this in the budget? Not the employees who are being hurt by the change.

When the medical center had their public hearings on financing the new hospital, they estimated saving $17 million in financing costs with the county's backing. Not to mention the road widening from the state. Hey, Mr. Hospital Administrator, exactly how many traffic lanes do you need in front of your 100 bed hospital? Six? Six it is then!

Done Deal.

What is the current financial status of the hospital?

The latest information (http://foundationcenter.org/about/) on the medical center (2010) shows close to a billion dollars in assets ($934,950,982). Investment income was $10.7 million!!!!! Over $23 million listed as 'securities.' Net off revenue minus expenses was $77,646,814!!!!!!!!!!!

And the medical center couldn't let that number drop to $77,346,814 for what reason?

I can't use the expletive needed to respond fully to this tough decision made by senior management after due diligence.

Frack.

See the story at http://www.gainesvilletimes.com/section/6/article/88934/