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Started By
Message
re: OLOL’s LSU donation seems shady
Posted on 2/13/22 at 8:02 am to StrangerInTheAlps
Posted on 2/13/22 at 8:02 am to StrangerInTheAlps
Obviously
The press release talks about the reason for the partnership is to expand healthcare opportunities for people in need throughout the state.
So to accomplish that goal they give money to one of the wealthiest businesses in the state? How does giving $250M to LSU athletics accomplish that goal? It doesn’t. All it does is move some money between supposed non profit entities so the administrators of said entities can scrape enough off the top to enrich themselves without anyone batting an eye.
The press release talks about the reason for the partnership is to expand healthcare opportunities for people in need throughout the state.
So to accomplish that goal they give money to one of the wealthiest businesses in the state? How does giving $250M to LSU athletics accomplish that goal? It doesn’t. All it does is move some money between supposed non profit entities so the administrators of said entities can scrape enough off the top to enrich themselves without anyone batting an eye.
1
Posted on 2/13/22 at 8:08 am to DirtyMikeandtheBoys
quote:Did you not read this will fund the building of a major research facility on campus with a further goal of earning a national cancer institute designation to further research to end cancer?
How does giving $250M to LSU athletics accomplish that goal?
Believe it or not, LSU attracts smart people and giving them the major research facility is a good thing.
frick cancer. Put me down as a supporter to understand and and end that disease.
Posted on 2/13/22 at 8:10 am to BayouLSU
Is there a sonic by your trailer?
Posted on 2/13/22 at 8:10 am to Bullfrog
quote:
Believe it or not, LSU attracts smart people and giving them the major research facility is a good thing.
Louisiana is a a wonderful funnel to educate healthcare providers who will eventually move elsewhere to practice medicine.
Posted on 2/13/22 at 8:12 am to Bullfrog
Hmmm I won’t hold my breath.
OLOL was already a research hospital partnered with Mary Bird Perkins. Perkins left the partnership due to the corruption of the OLOL CEO / LSU
OLOL was already a research hospital partnered with Mary Bird Perkins. Perkins left the partnership due to the corruption of the OLOL CEO / LSU
Posted on 2/13/22 at 8:13 am to In The Know
Hahahahahahahaha. And to think you had it wrapped up before 8am.
Posted on 2/13/22 at 8:14 am to DirtyMikeandtheBoys
quote:
Perkins left the partnership due to the corruption of the OLOL CEO / LSU
OK. Sounds like you know things no one else has heard. I heard it was because the owners of MBP got offered a shite ton of cash to sell out and they took the money. Nothing more.
Posted on 2/13/22 at 8:21 am to Budge
quote:
Shady? Come on. There was a public 9 page RFI issued by LSU, the Foundation, Athletics, and TAF together.
1. There was a competitive process. A Request for Information was issued in November. Proposals were due in December: RFI Summary
** No clue what "hydrocodonehelp" is but it's a site that just pulled the Business Report content which is now behind paywall.
2. The RFI covered R&D, athletics, sports medicine, athletics, student health, the new Science Building, and strategic partnerships for the LSU System to pursue National Cancer Institute designation.
There was an extensive full proposal and review process.
Read the press release. It has a lot more detail including specific breakdowns on distributions into the programs requested in RFI: LSU, OLOL, LCMC Press Release
LCMC is NCI designation partner. Looks like OLOL is everything else.
NCI designation is among highest LSU strategic priorities.
Because of shall we say suspect practices in the past of LSU defrauding OLOL to pay football recruits.
Posted on 2/13/22 at 8:40 am to In The Know
quote:
Sounds like you’re mad. Who gives a frick how they can do it? It benefits LSU, that’s enough for me.
Sounds like you are an idiot. If LSU benefited from killing women and children would you support it? Would that be enough for you?
Posted on 2/13/22 at 9:06 am to Bullfrog
You would be completely incorrect.
Who owns Mary Bird Perkins?
Who owns Mary Bird Perkins?
Posted on 2/13/22 at 9:13 am to member12
quote:Because it’s the only way to survive in healthcare today
Consolidation is a nationwide trend. If it wasn’t OLOL it would be Oschner or BRG or some other group. But it’s going to happen one way or another.
People have no clue. You can hate FMOL, LCMC, and Ochsner all you want but without them you would have rundown broke dick Earl K longs only in poor arse states like louisiana
Posted on 2/13/22 at 9:14 am to ewilliams000
quote:
How does LOL have $245 mil to just give away and why. I just can't figure this one out. Shouldn't they use this money to upgrade to new precision technology.
Because they're BR's charity hospital now which means the government hands them a blank check. As I said before, this is nothing more than the state laundering it's own money to shore up LSU
Posted on 2/13/22 at 9:23 am to geauxfish24
Damn that’s some stupid logic. Go back to bed.
Posted on 2/13/22 at 10:38 am to Bullfrog
quote:
Did you not read this will fund the building of a major research facility on campus with a further goal of earning a national cancer institute designation to further research to end cancer?
$85 million (half of the money donated within the first decade) is going to LSU athletics in exchange for OLOL becoming LSU’s "exclusive Championship Healthcare Partner."
$40 million of the other $85 million is going "to develop an end-to-end healthcare experience within the LSU Student Health Center and provide in-kind care to uninsured and underinsured LSU students."
So, $125 million is going to either athletics or to providing healthcare for underprivileged students. Imagine what could be done for cancer research and the LSU medical and academic programs if even the majority of that money was spent like they want you to believe.
Posted on 2/13/22 at 10:54 am to In The Know
quote:
Damn that’s some stupid logic. Go back to bed.
Stop pulling off the bottle
Posted on 2/13/22 at 11:29 am to StrangerInTheAlps
As a former hospital CFO I can tell you that large tertiary hospitals that dominate their market are doing fine. It’s the rural hospitals in smaller cities that are struggling. And, regardless of your politics, they are struggling more in states that didn’t expand Medicaid.
Posted on 2/13/22 at 11:41 am to upgrayedd
quote:
Because they're BR's charity hospital now which means the government hands them a blank check.
That’s not how it works … and all the hospitals in the BR area accept Medicaid, Medicare, and have programs to help people pay.
The only thing from Charity that OLOL realistically picked up is the teaching aspect.
Posted on 2/13/22 at 11:52 am to ewilliams000
quote:
How does LOL have $245 mil to just give away and why.
As a former employee, I can assure you they are not sharing any with their employees.
This post was edited on 2/13/22 at 11:54 am
Posted on 2/13/22 at 12:00 pm to StrangerInTheAlps
Facts?
Posted on 2/13/22 at 2:10 pm to StrangerInTheAlps
quote:
Money will also be given to better the facilities at LSU in order to attract high school students to study at the university.
This makes no sense. OLOL has a college (Franciscan University) that is trying to build its own health care programs and overall attendance, so it just gives away $245M to the competition? This is shady AF
This post was edited on 2/13/22 at 2:11 pm
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