March Board Meeting
We recently had the March Board meeting. It was delayed because of the spring break week. The meeting lasted nearly 6 hours with the dinner starting at around 9:15 pm.
It is noticeably different this year compared to all previous years I have been involved. A strong chairman makes a huge difference in how the meetings are run as well as who dictates the direction of the discussions.
It is very clear to everyone present that our new Chairman is a very strong leader.
We have new CFO candidates interviewing this week and also some new subcommittees looking into the problems related to the financial fiasco created by the current administration. These reports are to be completed in the next few weeks.
The Bond rating continues to be a primary focus for most of the decisions being made related to the finances.
As vice chief of staff, my concerns this year are primarily focused on patient care and how the cuts in staffing will continue to impact these areas. There is a fine line between too many cuts and salvaging the Bond rating.
The financial cuts are also placing further strains on the Medical Staff and their relationship with the administration as some physicians feel care is being compromised.
No easy answers for the Chairman, but it is nice to see some real leadership.
It is noticeably different this year compared to all previous years I have been involved. A strong chairman makes a huge difference in how the meetings are run as well as who dictates the direction of the discussions.
It is very clear to everyone present that our new Chairman is a very strong leader.
We have new CFO candidates interviewing this week and also some new subcommittees looking into the problems related to the financial fiasco created by the current administration. These reports are to be completed in the next few weeks.
The Bond rating continues to be a primary focus for most of the decisions being made related to the finances.
As vice chief of staff, my concerns this year are primarily focused on patient care and how the cuts in staffing will continue to impact these areas. There is a fine line between too many cuts and salvaging the Bond rating.
The financial cuts are also placing further strains on the Medical Staff and their relationship with the administration as some physicians feel care is being compromised.
No easy answers for the Chairman, but it is nice to see some real leadership.
posted by Anonymous at 6:15 AM
13 Comments:
RE: "some new subcommittees looking into the problems related to the financial fiasco created by the current administration. These reports are to be completed in the next few weeks."
Why waste time with subcommittee investigations when you have already determined that this is a "fiasco created by the current administration." Why don't you just write the report for the board and save everyone else a lot of time and effort?
And who besides the administration would be responsible for finanacial management and reporting?
The employees know it is poor management that created this mess and a previous Board that allowed the CEO to go unchecked.
Let the cards fall and we hope the CEO is gone by year-end.
As the chickens come home to roost, let's hope their is truly some strong leadership and not only does the CEO get canned but also his partners in crime. This may include vice presidents, board members and anyone involved in the fiasco.
If everyone is so sure of the outcome, why is the board chairman wasting time and energy on an investigation? Why not just go ahead and get a rope and string them all up?
As a Floyd retiree, I am not directly involved but my loyalty lies with the hospital that was my place of employment for many, many years and the friends that I still have that work there. As in all things, if wrong was done then those responsible need to be punished if not then let's get on with the business of caring for the sick. That being said, I can't believe such mistakes could have been made without someone being aware.
The CEO was smart enough to fire the CFO before all *&%^& broke loose.
The Bond rating is so important and the Chairman knows you cannot have a CEO and CFO vacancy at the same time. It would be a serious red flag to the bond agencies.
HB was right all along. Look back at previous postings and read about the scapegoat.
I am sorry to say that I have had to spend considerable time at FMH in the past several weeks due to a relative being quite ill. After reading various comments on this blog, I used the opportunity to observe the daily activities of the employees. I could see a profound difference in the atmosphere of the staff and general activities on each and every floor. Instead of many staff sitting around in the nurses stations laughing and talking, and eating and drinking as I had observed on past occasions in the hospital, it had the atmosphere of people working and tending to business. It leads me to believe that many of the comments that has been addressed on this Blog, stems from employees that object to conforming to professionalism in the workplace. Also I found that everyone that I had dealing with were caring, friendly, and very accommodating. We should not let a few individuals that are unhappy in the workplace speak for the many that do a job well.
I hope the CEO is not gone by the end of the year...have anyone here worked at other hospitals? I have and I can gaurantee you FMHHS is run far better than the competitors, and I know of no other physician airing their dirty laundry on the internet for all to see. I think Dr. Dan has some good ideas but bashing the administration is not one of them
***************AMEN****************
The finance dept is responsible for financial reporting and financial mgt.
Let's get one thing straight. Finance may do the reports but management is another issue. Nothing of any importance happens in that hospital that does not have to be first approved by the Board or Administration. There are many issues in Finance that have been submitted for improvement, only to be ignored. If you knew anything about the Finance Department you would know that!
My brother was a patient in a Louisville Hospital several timesin February. My niece was a patient at Floyd in November. The bills are totally different. My brother had a bill that listed all of his charges by category, along with what his insurance company paid. My niece's bill listed an amount due and discount offered. She had no idea what her insurance paid. Or what the total amount was, or what the breakdown of her charges was. Very confusing. How do your patients know what they are being billed for? Was that an improvement? Or did your board deny the details being outlined on a patient's billing statement?
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