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Started By
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re: Ochsner CEO sees $130M loss in two months amid coronavirus fight
Posted on 4/18/20 at 9:50 am to lsugolfredman
Posted on 4/18/20 at 9:50 am to lsugolfredman
You can't lose something you never had
The projections ended up being way off because of covid
These were elective procedures. The negativity of those not coming back to oschner is an accountant trick to take huge losses to alleviate tax burden
I wouldn't expect the OT to understand
The projections ended up being way off because of covid
These were elective procedures. The negativity of those not coming back to oschner is an accountant trick to take huge losses to alleviate tax burden
I wouldn't expect the OT to understand
2
Posted on 4/18/20 at 9:54 am to Rouge
quote:
These were elective procedures. The negativity of those not coming back to oschner is an accountant trick to take huge losses to alleviate tax burden
The negativity is a loss in revenue. It was stated in the OP.
Posted on 4/18/20 at 10:39 am to Rouge
Alleviate tax burden on a nonprofit.....nonprofits do not pay income tax.
I think this is more about cash flow and them using this opportunity to clean up the accrued deferred compensation (use up accrued PTO) to help save some costs (once again, back to cash flow).
I think this is more about cash flow and them using this opportunity to clean up the accrued deferred compensation (use up accrued PTO) to help save some costs (once again, back to cash flow).
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