Read the full story here Web Link posted Thursday, January 17, 2019, 1:53 PM
Town Square
Volatile market eats into El Camino Hospital budget
Original post made on Jan 17, 2019
Read the full story here Web Link posted Thursday, January 17, 2019, 1:53 PM
Comments (7)
Posted by Concerned
a resident of another community
on Jan 17, 2019 at 2:36 pm
a resident of another community
on Jan 17, 2019 at 2:36 pm
Shocking that they are so heavily invested in The Market. December results will be a sh_tshow! After ten years, it was obvious the market was ready for a correction. It's time to overhaul governance though it is closing the proverbial stable door too late!
Posted by ONE BILLION? A NON-PROFIT?
a resident of Another Mountain View Neighborhood
on Jan 17, 2019 at 5:25 pm
a resident of Another Mountain View Neighborhood
on Jan 17, 2019 at 5:25 pm
"But despite the latest budget documents showing the local Mountain View hospital lost money on its nearly $1 billion portfolio, El Camino is still turning a profit."
To El Camino Hospital - TAKE ME OFF YOUR MAILING LIST. I am sick (pun intended) of getting donation solicitations from this so-called non-profit. The new hospital features a lobby worthy of a Four Seasons hotel, a shrine to obscene healthcare costs.
Posted by FrankSki
a resident of North Whisman
on Jan 17, 2019 at 10:32 pm
a resident of North Whisman
on Jan 17, 2019 at 10:32 pm
Yeah, not really sure the point of this article, unless it was to upset me? In that case; A+. I agree with the other poster above: WTH? A billion dollar portfolio? Still turning a profit? Please take me off of your mailing list, too!
Posted by Ellen
a resident of Jackson Park
on Jan 18, 2019 at 4:26 pm
a resident of Jackson Park
on Jan 18, 2019 at 4:26 pm
How much outstanding bond debt does the El Camino Healthcare District have? Can the nonprofit hospital pay back the district which can pay back the bondholders which can eliminate the bond payment from my property tax bill?
Does the hospital invest any of its money in the district's bonds? That would be pure evil genius.
Posted by WTH
a resident of Another Mountain View Neighborhood
on Jan 18, 2019 at 8:46 pm
a resident of Another Mountain View Neighborhood
on Jan 18, 2019 at 8:46 pm
Why is a hospital in the stock market? This should be illegal. Hasn't anyone learned from the last recession? When cali's retirement pension and medical money was lost to failed stocks? And now govt. is in a bind because they don't have money to cover it? Hospitals and govt. should not be gambling with money. Oh, but their upper management get paid like they were members of royalty. Our govt thanks to unions are a disgrace and someone needs to put a stop to this. Someone how cares, not the usual next politician coming in, is the same puppet as the one going out.
Posted by Robyn
a resident of another community
on Jan 20, 2019 at 7:46 am
a resident of another community
on Jan 20, 2019 at 7:46 am
No wonder our insurance premiums are so high.
How about returning money to the property owners who pay the bond service with our property taxes?
Get rid of the overpaid, excessive administrators.
It was just a few years ago that El Camino forgave a $700,000 loan to a doctor. It was listed in the annual report.
Posted by Albert
a resident of Shoreline West
on Feb 27, 2019 at 10:34 pm
a resident of Shoreline West
on Feb 27, 2019 at 10:34 pm
Great post.
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