The uninsured..........

[creekster]

Originally Posted by exUte

Contractual Allowance (Discounts) $764,048,121


and they discounted their services roughly 50%.

Are you talking about the contractual allowances? That's a discount sort of like the discount you get in most persian rug stores. Hurry, get it now becasue they're going out of business.

[K-dog]

Originally Posted by exUte

Here are some financial facts: let's assume I determine that I want $1M out of a malpractice settlement. Enter attorneys. I have to now sue for $2M because they will take 50% of the $2M settlement. They is an entire industry making money off the misery of patients. What a country!

I didn't think you could take a 50% contingency.

[MikeWaters]

So Texas Children's was $94 million in the black in one year. In a decade, at that pace, they are close to 1 BILLION in the black.

I was right. They can afford to build a new wing.

[MikeWaters]

What about this hospital?

http://www.texashealth.org/hospitals...B853622D072D1F

[exUte]

Originally Posted by MikeWaters

So Texas Children's was $94 million in the black in one year. In a decade, at that pace, they are close to 1 BILLION in the black.

I was right. They can afford to build a new wing.

I didn't give you prior 3 years history. They lost $32M.

[Mormon Red Death]

Originally Posted by MikeWaters

I don't believe this is true. Many hospitals rake it in, and have had huge expansions as a result.

Most hospitals have a huge war chest of cash they are sitting on. They use that for capital expenditures. A well run hospital will have a operating margin of around 2%

[MikeWaters]

What is an "operating margin"?

[Mormon Red Death]

Originally Posted by MikeWaters

What is an "operating margin"?

earnings/(losses) from operations

Net Income figures in outside investments and donations. Operating Margin figures just what your company is in business to do

[MikeWaters]

non-profit hospitals are required to donate a certain percentage of healthcare gratis, from what I understand.

[MikeWaters]

Originally Posted by MikeWaters

What about this hospital?

http://www.texashealth.org/hospitals...B853622D072D1F

<crickets>