This Year's Iron Index Finger Award

    Today we're calling bullshit on Broward County's two tax exempt, non profit hospitals: Holy Cross and the Cleveland Clinic.
  
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

 

 

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