Surgery Center of Oklahoma Blog

November 15, 2011

These Nuns Wear Prada

Filed under: Uncategorized — surgerycenterok @ 7:50 am

A few million here and a few million there…pretty soon you are talking about real money.  The Sister’s of Mercy have gone on a spending spree.  I guess the billions they have bilked from the sick were burning a hole in their habit.  In addition to the billions they have announced they plan to spend, a 19 million dollar 50 bed rehab hospital doesn’t seem like much.  That’s right.  They’re building a rehab hospital almost across the street from Mercy hospital in Oklahoma City.  I keep reminding myself that they have to charge everyone more because of all of the indigent care they render in their emergency room.  This seems to have worked out pretty well for them in their quest to get rich not making a profit.

Try to keep all of this new construction in mind when you review your next bill from this outfit. They employee what I call the “reverse Enron” accounting method:  exaggerate your losses to maintain the fiction of not making a profit.  I will think of this little 19 million dollar rehab hospital as an ornamental jewel on a fine, massively expensive dress….an afterthought to this giant corporation.

Oh well.  Transparent and honest pricing like the approach at our surgery center is a nightmare for this scam and is sorely needed.  The not for profit hospital business model is inherently unstable and will fall under its own weight with just a tiny bit of market competition.  

G. Keith Smith, M.D.

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2 Comments »

  1. What would Jesus do with the profits and the not for prophets?
    Jesus is alive forever more. If he were to walk the earth today I think he would go to all the hospitals and turn over the money changer tables in the hospitals and tell them to quit using my name to make tremendous profits. How do the hospital institutions that claim to be doing the work that Jesus called them to do make such a profit off of all the patients they are helping. Is this not for prophet in the name of religion? How can this be, how can an institution named for a Saint, an order of Sisters, or religious affiliation make millions off of the people they are trying to help. Instead they have become huge corporate conglomerates paying millions of dollars to administrators who do what? God forbid any politician go against the righteous hospital. Where is the compassion and caring of the not for prophet hospitals? Do you really need to build more buildings to get rid of profits so you can be not for prophet? Could you justify not charging $20. 00 for an aspirin and four million for an administrator. What would Jesus do? Let’s be honest.

    Mike Ingram

    Comment by Mike Ingram — November 20, 2011 @ 7:50 pm

  2. “Not-for-prophet” extremely clever! I hope you don’t mind if I use that in the future.
    GKS

    Comment by surgerycenterok — November 20, 2011 @ 10:11 pm

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