Early word is Cal Mtg. the insurer of the Kern Valley Healthcare District bond debt is recommending we get some help in the way of financial management. (which is a nice way of them saying you owe us and we are going to be making the calls now)
Now, there are many posts on the blog regarding Cal Mtg. which I will list for you as we have only just begun...there is no happy ending in sight.
I've talked about this for a few years now and I've explained it many ways, adding all sorts of examples. I even wrote a proposal last year and garnered support for dealing with the problem then and not letting the limb rot to the gangrenous point.
Funny that we have the same financial person who has repeatedly told some really interesting, though hardly coherent, stories about how we are the only pharmacy in town who can't make money. How we needed to cut staff which lead to us going the complete opposite way and try to buy ourselves out of trouble with the likes of Don Ermel Doyle and his gang from the nursing center.
That was a great three million dollar investment.
Just like the 22 million we anchored the district with 20 plus years ago. Theres so much this hospital could have done.
And again, that's not "history" I'm talking about, I'm talking this year. Why didn't the board or administration ask to have another look by another finance consultant as they could see they were on the "killer Luge?"
I don't know, just wondering, they wouldn't have something to hide and that's why they didn't get help earlier before the storm hit. It's kind of like Katrina behavior: we saw the storm coming, were warned, but decided to do nothing.
And now Cal Mtg. who thought we were quite the country rubes back in the late 80's, (and I guess we were by the looks of it) took our bet that we could build all these great things onto the hospital and do it for 13 million which was way out of our means.
But Cal Mtg. was there with her alluring credit line, her feasibility studies, and we like money, so we took it. And when trouble started our "friends" found a likely criminal way to get us 9 million more so we could try, but not succeed in finishing our building plans.
We built an Operating room that used to actually be used, now there are a lot of colonoscopies going on up there, and a regular losing proposition, it is costing the hospital big bucks.
But the nursing center was not short staffed in 2005 because it didn't make money: it was short staffed so that money could be jockeyed over to another department which was losing money.
Like when I heard the physical therapy department was making money, and they couldn't get their supplies. The money that department makes was being moved into another department to make up their deficiency.
There is no organization anymore or if there ever was. I just know that at this point this hospital and it's satellite clinic, "the jewel of the district" are not safe places to get your healthcare.
Hey cal Mtg. if you want it, take it. Oh, yeah, you already know that.
But the bottom line is they own us.
What? I told you we own them? We do own them.
Whose on first? Right.
We pay property taxes and vote
I'm afraid to tell you reader but you might be to blame for part of this situation at the KVHD hospital.
If you live in this valley and voted in sorts such as Brad Armstrong, and Bob Jamison, then you know nothing about their contributions to the financial collapse.
Armstrong who has spent his life trying to control everything, and I say this humbly as he has a license to carry a gun and I'd rather not get any more on his bad side (yeah right), voted more than 20 years ago to screw up the future of the this hospital.
We are looking at the ghost of decisions past. Armstrong should have watched the construction more carefully and not taken the seemingly "free rural" monies backed by Cal Mtg. He has at least admitted this was a "bad decision" but doesn't he get it? He's sitting there on the board looking at the consequences of a bad decision.
But then there's Cal Mtg. themselves, a qausi government agency, in theory who was to "help" rural hospitals.
We can see from records that they not only helped, but mostly landed on their heads as many of those loans seem awful iffy. Even on the outside, I think a good analyst could detect a pattern of allowing the agency to insure the very unsure. That got this country hospital in trouble. Now we need to be saved.
Maybe a pawn shop we have a lot of unused equipment such as PhACO machines and Mammography, and there's plenty of other odds and ends.
Or how about another feasibility study by the experts at OSHPD?
I'm sure are overactive board of directors will come up with something to pull us through. Right? They have been so helpful so far.
Maybe Cal Mtg. should just dump them all and start over. I would if I had that power and you all know it. I've not been impressed by anything...well maybe because nothing has been done.
But how could they be wrong they make money
Cal Mtg. doesn't want to hear that people in this valley think we should bankrupt on them.
Because Cal Mtg. has something we are all trying to get: clout. They make money and that is a good thing these days.
But it's also odd.
Someone said to me the other day when I asked about the person's leaning toward paying for a bond or a parcel tax, aren't public hospital's non profit.
Well, you have to have some profit to keep going into the future, but non profits have a different structure. We will discuss this soon.
I'll get as much information as I can regarding this new development, and we will find out soon if HFS, who happens to be in Reedley cleaning up with a bankruptcy, will be our new neighbors.
My blog is so bloated with information, I'll try to get a list of the Cal mtg. posts so that anyone interested, can find out more.
Don't strain yourselves, this information is tedious and quite boring unless you're an obsessed writer/researcher. If you begin to understand what I'm talking about, I warn you it could be bad for your health. You will be quite irritated to see the mediocrity and arrongance which are in charge of your healthcare.
Much more to come, like a board meeting, this week, Cinco de Mayo, 5:30 pm in the cafeteria. If Cal mtg. brings the guacamole, we might bring some chips...
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