After reading the comments and emails, I have determined without a doubt that nobody really knows what the Kern Valley Healthcare District's position is financially or what this talk of a bond on the November 2ND ballot is all about.
At the August, 2010, regular meeting of the board of directors, Bob Jamison, read the resolution that the board had written in regards to the loosely fitted piece of election material, now known around town as "Measure G."
He did not clarify any of the legal citations, and I'm not sure why he read it, as it was obvious he skipped a page. Exhibit A.
Exhibit A refers to the "estimates" of property tax increases. I have five videos of different amounts being declared from the meeting one week prior to this last regular meeting. One week from a vote that they didn't know much about.
But we have been told, some of us anyway, that there is no "other" or "contingency" plan. We have been told the causes, were the contractors, the community debt to the hospital, the pharmacy, then the pharmacy being on the "charity cases" side of the lake, and we also heard that new word you never thought you would know, CAL MTG.
Cal Mtg. the insurer of our great big debt, and they had to pay off on some of the debt that Chet said in a meeting could lead to the management being replaced.
This is all because they could lose their jobs?
Could it be that since a couple of board members wouldn't step down during or after the elder abuse disaster allowing others to try and do better, that the administration, CEO, Tim McGlew and CFO, Chet Beedle (shown below at the special meeting prior to the regular Aug. board meeting where they voted in both bond and a CEO salary increase) have some vested interest in staying even if they can't pull the hospital out of the darkness without taxing the community?
I don't know what their motives are but they do have an interest in winning this bond and thereby keeping their jobs, healthcare, and mortgage payments like the rest of the world.
Chet Beedle came from a management company sent in by Cal Mtg., he is himself a management company on wheels. He has a background in management companies he knows that if he can't bail out this hospital, somebody else is going to do it.
He would lose his job. (A vote for Measure G is a vote for Chet Beedle's job)
Cal Mtg. is calling this a "default" no more technical default, as they had to use their money to pay for our shortfall this year.
"Cal Mtg. does have the authority within the bond indentures to replace administration at the hospital, and ask for, effectively, an outside management company." Chet Beedle, special board meeting, July 28, 2010.
(Update: Find these videos with Beedle "new management" and McGlew "the second bond" at our youtube site which will be linking up with the blog soon: http://www.youtube.com/user/OrderBipolarDisorder
And with no other plan, and only a bond, they intend to go to us in the community and tell us all about the new ER.
So, there's your answer.
From an article in the Santa Cruz Sentinel regarding the attempted bail out with a parcel tax, the Modoc Medical Center. This sounds too familiar as you will find these same issues right here on this blog, along with documentation of these practices at the Kern Valley Healthcare District.
"But the facility has been bleeding money for more than 15 years, with annual deficits ranging from $600,000 to $2.8 million in recent years, and the county has gone broke trying to keep the doors open. Monica Derner, interim chief executive officer of the hospital, says the financial trouble stems from mistakes made in the hospital's billing practices and a former administrator's decision to hire costly traveling nurses and doctors instead of retaining local staff."
Chet, remember when we talked about those traveling nurses...the three year old billings and now a salary increase during a bailout?
The term "Bail out" is not being used by KVHD to describe this situation. They are simply calling it a new ER with some new stuff to go along. What's wrong with this picture? You decide.
