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STANHATHHORN (Anonymous) says…

Silentman, Your words,
“So let me get this right : TMH is doing better than anticipated, both in patient numbers AND income.”–
TMH February 2010 P/L statement indicated a year to date net income of
$208.000.
During that period, TMH received revenue from sources other than hospital operations of $256,000, ( 3-mil tax, grants, etc.)
So, profits from operations as a hospital were a minus ($48,000).
Silentman, there is a negative!! Given that all 25 beds were utilized during this
reporting period, where is the potential for profits to sustain the soon to be $350,000 monthly payments?

STANHATHHORN (Anonymous) says…

We have been inundated with the fear that CO,2 gases are blanketing our atmosphere and disrupting the natural cycle of weather. It appears that the fear mongers are suggesting that there is a cloud of CO'2 hanging over our heads. Look-up, CO'2 is 150% heavier than the very air we exist in. So, all the CO'2 that we have been exposed to from local power plants in the last 30-years must be on the ground. It didn't bother me.

STANHATHHORN (Anonymous) says…

Isn't this the same bank that extended TMH an “unsecured” $4 million line of credit?

STANHATHHORN (Anonymous) says…

“As a part of its 2010 business plan, TMH hopes to increase the number of births another 18 percent”.

The number of births recorded in 2009 was 111. Therefore an increase of 18% would equate to 131 births. In this same article the 2010 birth rate was estimated at 150, or a 35% increase!

Sounds like more sammy math!!

STANHATHHORN (Anonymous) says…

justthe facts, I lack your poetic skills but I believe I have usefull info. The last amortization schedule I received from TMH indicated monthly payments of about $380,000 for the next several years, or about $4,500,000 annually.
The first month in the new facility recorded a drop in sales (revenue) of about 20% while expenses were about 8% over projections, for an operating loss of about $400,000 for the month of November.
I requested on 12/02/09 various financial documents from TMH that would probably answer all the questions that we have.On 12/29/09 I received a note from TMH that stated “We currenly have staff out of office, and I appreciate your patience while we prepare the information for delivery to you”. I believe Colorado Statutes require response within 3-days.
sammy, sammy, never responds to legitimate questions. But , if I were a cash strapped public entity, I would drop the position of “Service EXcellence Officer” as fast as I would the alliance with Quorum.

STANHATHHORN (Anonymous) says…

Test

STANHATHHORN (Anonymous) says…

My company recently received a check from Pinnacol for $10,658. This was a return premium for the last fiscal year. As I stated in my post of 4/11/09, when Pinnacol has funds in excess of projected claims it is returned to employers. If Al White had his way my return premium would belong to the state. That would have been a huge theft.

STANHATHHORN (Anonymous) says…

 Birdchanp,

You have brought up two seemingly exhausted threads that mean little. Is the new hospital on time? Is the price per square foot for a satellite building congruous with new hospital construction? It doesn't matter, none of us can control either factor. Why don't you answer the ethics problems with dumping a contract with two local business persons? Perhaps you can also explain the $ 2,174.000 booked in March in new loan obligations. Why is TMH borrowing more money? You seem to want to attract attention to matters that are not controllable. I'll bet I can identify the donor name on your paycheck!!

STANHATHHORN (Anonymous) says…

TMH Board considers moving facilities”

Let's try to put some perspective to this statement. Not long ago TMH was apparently negotiating to purchase or lease the Told facility to make space for an incoming physician. Then, we were told that space would be made available in the leased MRI building for the new doctor. Just a few days ago (5/2/09) TMH released information that it was studying the feasibility of a 37,000 Sq. foot annex to the new hospital to house local physicians. TMH's resident Service Excellence Officer, Johnston said “building the medical offices was not a question of if, but how”. Then, in this (5/8/09) article, TMH stated, “but, with a price tag of more than $7 million, it was not known how the hospital would fund such a building.” Now, apparently, the plan is to ditch their obligations on the MRI building and use the old TMH building for physician offices.

As I said in an earlier post, TMH can legally dump the 20 year lease/purchase contract on the building. All counties use the lease/ purchase arrangement, but they are always honored.

It is hard to believe that those TMH Board members that voted 6-1 to adopt the lease would agree to “opt out” of the obligation.

Sue Lyster (Chair), Don Meyers, Melton Sullivan, Brenda Mckey, Missy Bonaker, Ron Danner, Gene Bryant.

Moffat County commissioners Tom Gray and Saad Tyyara, chaired by Darryl Steele also voted unanimously for the lease.

In a few short weeks, there have been four sites proposed for physician offices. Perhaps the “Craig Memorial Press” will clarify this comedy. What are we missing??

STANHATHHORN (Anonymous) says…

“Rohrich said the hospital would be able to legally opt out of its leases in the MRI Building, 651 Yampa Ave., and in the mall.”

That's true they can opt out. County entities are forbidden by statute to enter into multi- year contracts. So, the PSC the new hospital and all large equipment purchases were set up as year to year leases, recommitted each year.

The MRI machine and the MRI building were “leased” by TMH in February 2005. The MRI machine was leased for $1,196,730 and will be paid out in early 2010, at which time TMH will be the owner. The building lease was for $1,138,000 over a twenty year term. If TMH reneges on that agreement this month they will have left $1,002,428 in unpaid principal.

Yes, they can “opt out”, but is that the way Moffat County should do business? Do we really want to “stiff” two local business people?