Give us your opinion Western Pa Nurses

thisnurse · Nov 9, 2001

im not sure i am reading this right oramar....

net profits...this is what the hospitals make AFTER operating costs are deducted?

and these are up 52%...so they are making 52% MORE this year after all expenses are deducted? is that

correct?

"That's the level of return that the hospital industry generally regards as necessary for the replacement of equipment and for capital improvement."

which means that out of that 52% PROFIT, none of it is going to be allocated to us.

Council President Ian G. Rawson called the financial relief "modest" and said

hospitals still "are faced with continuing pressure from malpractice costs,

salary demands and delayed capital improvement."

"Those improvements helped boost average hospital occupancy in this half of

the state to 63.1 percent, up from 61.3 percent a year ago.

Nonetheless, the industry is still considered to have significant excess

capacity."

and why are there so many empty beds? cos theres NO STAFF!!!

why is there no staff???

COS OF SALARY DEMANDS...LOL

i dunno bout you but id be pretty damn happy if my savings acct brought me in 52% more this year than last.

think any of the ceo's are gonna get a bonus?

lol....nah

thisnurse · Nov 9, 2001

thank you oramar for posting that link :)

Zee_RN, BSN, RN · Nov 9, 2001

I'm not sure what to think...gotta have my accountant husband read it and translate it for me. Lots of financial/accounting terms and numbers thrown around.

And, of course, I'm sure my facility would say they are NOT one of THOSE facilities....heh.

Home Health Columnist / Guide · Nov 9, 2001

The council's latest survey, for the fiscal year that ended in June, said average net profits -- which include investment income -- edged up to slightly more than 4 cents on every dollar of revenue.

1999 net profit was 1.95 cents for every dollar of revenue

2000 net profit was 4 cents for every dollar of revenue.

1,000,000 dollars (for each million hospital revenue)

X 0.04 cents (profit made)

=40,000 dollars (profit per million revenue made)

So need to check out amount of hospital revenues/year.

Statistics on this are usually posted yearly in newspaper---Philadelphia area posted in The Inquirer.

That will give you an idea if enough income for a raise accross the board for all nurses/employees. Also check out the top CEO salaries. CEO of Children's Hospital, Phila "retired" 3 months after his multimillion salary was revealed last year.

thisnurse · Nov 9, 2001

zee...is your hospital union?

cargal · Nov 9, 2001

Oramar,

Thanks for the post. Did you learn how to cut and paste? LOL!

Carrie

Home Health Columnist / Guide · Nov 10, 2001

Here is the website for the Hospital Council of Western Pennsylvania: group that influences healthcare in your area. Most hospitals and healthcare facilities are members.

http://www.hcwp.org

oramar · Nov 14, 2001

My Opinion is that Western Pa Hospitals do a very good job of holding down wages and benefits and it shows. There has been some increases in the last two year after 5 years of cuts and stagnation but they had to be dragged to that kicking and screaming.

cmggriff · Nov 14, 2001

Net profits are calculated after all expenses. So did any of these poor destitute hospitals do any building? Did they buy any new MRI or CT machines? Were any of the facilities rmodeled? The hospital I am working at did all of these things and the ceo (purposefully lower case) expressed surprise that the bottom line suffered.

Oh, btw, are any of those profit making hospitals non-profit organizations? Gary

radnurse2001 · Nov 16, 2001

I don't know about other hospitals, but ours has a ton of money in thier "foundation". The hospital is not concidered part of the "foundation" therefore the excess profits go in there, and we keep our non-profit status. Don't get me wrong, the "foundation" does wonderful things for the community, but it does not help my paycheck at all. We actually have to petition the "foundation" for money when our budget falls short. I actually got a 50,000 mri monitoring machine out of it. I have mixed feelings about the "foundation" I guess I/me/myself are having a schitzo moment.