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re: What industry “secret” do you know that most people don’t?

Posted on 3/9/24 at 8:55 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16236 posts
Posted on 3/9/24 at 8:55 pm to
quote:

I'm going to need to see some numbers to back this up


Of course I can't give you exact numbers but I'll tell you the majority of hospitals in Minnesota (a huge healthcare market) were net negative last year.

It's similar across the country.

I see alot of hospitals financial statements, and like I said, most patients are net losers.
This post was edited on 3/9/24 at 8:58 pm
Posted by Bruco
Charlotte, NC
Member since Aug 2016
2801 posts
Posted on 3/9/24 at 9:11 pm to
quote:

see alot of hospitals financial statements, and like I said, most patients are net losers.


How is there money for never ending new building projects?

I pass a massive hospital complex every day in charlotte (Atrium Health) and it’s been under construction for 10 years non stop.

Next up is a $900 million 448 bed facility adjacent to the existing campus as well as a $1.5 billion investment in a new medical campus and medical school partnering with Wake Forest University. They’ve also land banked tons of adjacent property to develop as they need.

There is no end to the capital they can deploy. Yes this is one anecdotal example
Posted by Korkstand
Member since Nov 2003
28746 posts
Posted on 3/9/24 at 10:41 pm to
quote:

Of course I can't give you exact numbers
Of course.
quote:

but I'll tell you the majority of hospitals in Minnesota (a huge healthcare market) were net negative last year.

It's similar across the country.

I see alot of hospitals financial statements, and like I said, most patients are net losers.
FOUR TRILLION DOLLARS and the industry just can't manage to make ends meet? $1,000 PER MONTH from each and every American man, woman, and child, and that's just not quite enough? We spend 50% more than the second most expensive country in the world (Switzerland), twice as much as the Canadians and the British, and the system is barely staying afloat?

Somebody is getting paid. Is it worker wages? Big pharma? Insurance companies? Equipment manufacturers? Government? All of the above?

Is it wasteful spending? Big bets that didn't materialize? Inefficient processes? Too much specialization?

What's the real industry secret?
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