60m taken from sick people to pay for bonuses and vacation homes

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Mar 29, 2024
11:12:40pm

conetah All-American

60m taken from sick people to pay for bonuses and vacation homes

Capitalism is tough to swallow sometimes. Mostly a great system but we do healthcare wrong. Either get serious about allowing competition by blocking m and A or nationalize it.

Where healthcare currently sits in the US is despicable.

Morally, I will never work for a hospital or insurance company (I work in finance). They make enough money without me.

This message has been modified

Originally posted on Mar 29, 2024 at 11:12:40pm

Message modified by conetah on Mar 29, 2024 at 11:21:19pm

Message modified by conetah on Mar 29, 2024 at 11:22:27pm

Message modified by conetah on Mar 29, 2024 at 11:22:38pm

Message modified by conetah on Mar 29, 2024 at 11:24:05pm

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conetah

Bio page: conetah
Joined: Feb 27, 2011
Last login: May 14, 2024
Total posts: 21,206 (2,835 FO)

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Messages

Author

Time

IHC executive comp - going down that rabbit hole is pretty sickening haha

cougfanz

Mar 29, 3:29pm

Seems like if that is what similarly situated execs in other industries are

Jay Kay

Mar 29, 3:36pm

I don't disagree. Being a healthcare administrator is the way to go.

cougfanz

Mar 29, 3:46pm

Because they keep telling the medical professionals that work for IH that

Nakedbootleg

Mar 29, 4:31pm

IHC is a nonprofit that was originally founded by the Church donating assets.

El Presidente

Mar 29, 4:44pm

Totally normal

Mar 29, 3:38pm

Not totally normal when it’s not for profit. It’s a joke designation

homegrown

Mar 29, 3:40pm

yep lets attract subpar talent to mismanage our not for profit....

niqmadu

Mar 29, 3:46pm

Most of this "talent" are community college RNs... at least the vast majority

cougfanz

Mar 29, 3:49pm

RE: Most of this "talent" are community college RNs... at least the vast

Cletus the Fetus

Mar 29, 10:09pm

Even if it’s a nonprofit, it’s competing for talent with for profit companies

Jay Kay

Mar 29, 3:47pm

Some of the education of the executive leadership team - SUPER talented folks

cougfanz

Mar 29, 3:55pm

Yeah, I’m not defending IHC in particular as I’m not familiar with them at all.

Jay Kay

Mar 29, 3:57pm

I was impressed by Mitch getting a degree from Texas Woman's University.

slatecoug

Mar 30, 2:04pm

CEO pay is divorced from performance. It's a joke. And a racket.

Goliath

Mar 31, 8:35am

All non-profit means is you have to spend all your revenue.

2ndTrombone

Mar 29, 3:49pm

And they do that well - on executive salaries.

Eddie

Mar 29, 3:52pm

I know it’s a stupid designation.

homegrown

Mar 29, 4:18pm

That’s not true - they just call accumulated profits “net assets” instead of

Odysseus

Mar 29, 6:10pm

Not how that works

cougfanz

Mar 29, 6:31pm

Mixing capitalism and health care creates some serious problems

Odysseus

Mar 29, 3:42pm

mixing socialism creates more

niqmadu

Mar 29, 3:50pm

I don’t think anyone said socialism was the alternative he implied

conetah

Mar 29, 11:15pm

Does capitalism restrict who can be an owner of a company? Or how much certain

cougfanz

Mar 29, 3:44pm

Yes it does. Like it or not. We are not a socialist country.

Mar 29, 4:47pm

The amount of regulation the government puts on healthcare makes it a mix at

Powerbait DPM

Mar 29, 9:19pm

Oversimplifications for $100 Alex.

conetah

Mar 29, 11:20pm

Crazy to see all the negative reactions to your comment. A quick Google search shows these salaries

Icecat

Mar 29, 5:02pm

lol, the skill set of a decent CEO is not 1/10,000 times as rare as a decent NFL QB

spinner

Mar 29, 5:41pm

I am not an MBA type and I have no idea what makes CEOs so special that they can command $10 million/year.

Icecat

Mar 29, 5:50pm

Short answer: nothing

spinner

Mar 29, 7:23pm

Just check out the Boeing and executive team!

valleus

Mar 30, 2:41pm

I’m not defending the compensation. I think CEOs are paid too much, just like professional athletes.

Icecat

Mar 30, 7:05pm

Except healthcare admin is generally worthless.

EDthoracotomy

Mar 30, 7:56am

I have a friend who is an anesthesiologist at IHC

bocadillotortuga

Mar 29, 3:39pm

The cyber attack thing scam and excuse for bus companies to withhold payments

kotacoug

Mar 29, 3:50pm

That's because they are IH. They no longer care.

Bert609

Mar 29, 4:41pm

This is a crock

SpudNut

Mar 29, 4:57pm

that doesn’t seem legal. As a business owner, I’m expected to pay my employees

Powerbait DPM

Mar 29, 9:21pm

RE: I have a friend who is an anesthesiologist at IHC

JGrandy

Mar 30, 7:17am

That is absolute BS. I work at multiple shops. If they did that I would walk.

EDthoracotomy

Mar 30, 7:58am

My healthcare company has seen a spike of over 100% in our AR b/c of the attack.

P-Widdy

Mar 31, 9:09am

So just don’t pay admin and executives right?

EDthoracotomy

Mar 31, 10:29am

Good to know that $50 aspirin is giving someone a nice Christmas.

777

Mar 29, 3:49pm

Good to know that reverse Christmas bonus they took from everyone’s paychecks

Nakedbootleg

Mar 29, 4:30pm

Affordable care act made it so physicians cannot own hospitals. Study after

Groym

Mar 29, 4:11pm

They charged me a lot of money for nothing

BaseCoug

Mar 29, 4:34pm

Not saying this is your position...

The Chief

Mar 29, 4:36pm

Non-profits have to list their top 10 highest paid employees. Any docs in that group?

SJS

Mar 29, 4:45pm

Not that I saw. In my specialty they won't go above 50% MGMA. I do think they

cougfanz

Mar 29, 5:16pm

Meanwhile nursing staff get paid $25/hr and are told, “Yes we know the pay is

MacsKid

Mar 29, 4:48pm

<< Deleted >>

Mabuhay Coug

Mar 29, 11:30pm

Would love to watch all physicians and RNs just walk out of IHC hospitals.

EDthoracotomy

Mar 30, 8:00am

That’s kind of naive. Corporate healthcare has a lot of docs in a tough spot.

SJS

Mar 30, 9:05am

I get that. Hence why they can be taken advantage of. Physicians have done a

EDthoracotomy

Mar 30, 9:37am

Because physicians are almost completely barred from organizing

SJS

Mar 30, 9:40am

Which is dog crap. We allowed it to get to that point.

EDthoracotomy

Mar 30, 1:35pm

The net profits the last few years have been over a billion each year.

PokeMAN

Mar 29, 5:07pm

Good point. This tax information is pre-inflation too or 2022

cougfanz

Mar 29, 5:34pm

So disgusting. What a cartel. Should be illegal.

Mitty

Mar 29, 5:13pm

What’s the alternative? Please suggest an alternative.

Mar 29, 5:52pm

Haha.. as if executive pay has any correlation whatsoever to “quality” care

cougfanz

Mar 29, 6:32pm

Intermountain Healthcare became known for quality and affordable care through

El Presidente

Mar 29, 6:47pm

They also benefit tremendously by a well educated local demographic that

cougfanz

Mar 29, 6:56pm

Sounds like this deal went about as well as BYU’s deal with the MTN. We seem to be very trusting and get screwed a lot.

Icecat

Mar 29, 8:59pm

Ask anyone who works at IH if they think Marc Harrison was worth what he was

Nakedbootleg

Mar 29, 7:02pm

How bout allowing competition?

homegrown

Mar 29, 7:36pm

I’m not sure if that would have made things better or worse.

cougfanz

Mar 29, 8:24pm

60m taken from sick people to pay for bonuses and vacation homes

conetah

Mar 29, 11:12pm

Nationalizing healthcare would only make things worse.

slatecoug

Mar 30, 2:09pm

Government healthcare would be horrific.

EDthoracotomy

Mar 30, 9:42pm

Lol. “Morally I will never work in healthcare. Also I work in finance”

Mar 30, 9:51pm

lol your finance world created what healthcare currently is.

Mar 31, 5:04am

That’s why I’ll never work in that industry.

conetah

Mar 31, 7:53am

Finance?

Mar 31, 8:00am

Worked there at UVRMC 1990-1998 when Dr. Cecil Samuelson was running it

OU Cougar

Mar 30, 5:30am

Biggest tax change needs to be for so called non profits.

Hammer15

Mar 30, 9:55pm

Their recent rebrand was a colossal waste of money & completely unnecessary.

BlooCoug

Mar 31, 9:28am

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