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Jan 24, 2018
3:54
:41
pm
BlackBart
All-American
R1 isn't going to charge IHC a markup on those costs? Surely not...
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BlackBart
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LVCoug
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BlackBart
Joined
Oct 3, 2004
Last login
Oct 5, 2024
Total posts
33,813 (303 FO)
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Messages
Author
Time
IHC outsourcing 2,300 jobs. Idly curious if this is a good or bad thing.
kccougar
All-American
1/24/18 3:43pm
<< Deleted >>
cougfanz
1/24/18 3:45pm
Except they are a not for profit
Hank Rearden
1/24/18 3:48pm
They are a "non-profit" that will come after you for every last penny
oohYeah
1/24/18 3:56pm
They are much better than many other hospitals.
spugeddy24
1/24/18 4:48pm
They average about $450M net "profit" each year.
Napoli
1/24/18 4:09pm
How do they maintain their non-profit status if that is true?
Indy Coug
1/24/18 4:10pm
Not sure but I have reviewed their financial statements over the last 10 years
Napoli
1/24/18 4:11pm
because they can go back and restate financals, pay out huge bonuses for past
Nat Gas Man
1/24/18 4:43pm
They are building a major new hospital in the Kaysville/Layton area
spugeddy24
1/24/18 4:57pm
operating revenue
claw
1/24/18 6:09pm
Not for profit is a bit of a misnomer.
mik3
1/24/18 4:14pm
They're currently expanding all of their hospitals, so I'm sure they're up to
UberDeek
1/24/18 4:33pm
Save $70M? Maybe to that portion of the P&L
BlackBart
1/24/18 3:46pm
it's not really all that hard to save $70M on that size of company. I did a
Nat Gas Man
1/24/18 4:45pm
So they aren't eliminating any workers, keeping the same pay and saving $23M a year?
Indy Coug
1/24/18 3:47pm
R1 isn't going to charge IHC a markup on those costs? Surely not...
BlackBart
1/24/18 3:54pm
They have to have some sort of margin, otherwise why acquire their work force?
Indy Coug
1/24/18 3:58pm
I was just being sarcastic...
BlackBart
1/24/18 5:06pm
Yup. Something has got to give.
Virginia Ute
1/24/18 3:55pm
Sounds like they lose all benefits save that required by.obamacare
Bert609
1/24/18 3:59pm
IHC won't be paying benefits for those employees.
mightybrick
1/24/18 4:51pm
I understand that, but there's still a big gap coming from somewhere to yield the cost savings to IHC
Indy Coug
1/24/18 9:14pm
Work with a lot of people in that division ... interested to see how plays out
DC12
1/24/18 3:48pm
IHC is also in talks with three other major hospital groups to start their own
Spocougar
1/24/18 3:56pm
This coming a year after they got rid of most of their IT department
Hypnotoad
1/24/18 3:59pm
Not fully true, they got rid of the developers a year ago
BlueBlood
1/24/18 4:02pm
I predict they will regret it some time down the road.
Hypnotoad
1/24/18 4:06pm
They have sold their soul, they aren't the same company they were even 2 years ago
BlueBlood
1/24/18 4:09pm
Amen
DryFlyUte
1/24/18 7:13pm
<< Deleted >>
mightybrick
1/24/18 4:52pm
Their IT dept brought on their own demise
cougfanz
1/24/18 5:05pm
IT mis-management did.
BlueBlood
1/24/18 5:06pm
I have 2 good friends that work in their IT and IHC is looking to outsource
tander123
1/26/18 1:09pm
Yes. Easy to hire.
DryFlyUte
1/26/18 2:51pm
How would it be bad?
Kerbouchard
1/24/18 8:01pm
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