Focus on repair costs, not cash flow for hospital

Some major misunderstandings and misrepresentations of the Hospital District’s finances have been making the rounds; here are the facts.

The two key change points in the District’s cash-flow history have been the loss of the doctors at the end of January of 2011, and the final termination of the terrible Coast-to-Coast contract at the end of September 2012. The District’s losses during the period thus defined – that is, for February 2011 through September 2012, inclusive –

were at an annualized rate of $954,077 (not adjusted for inflation, which would make it even worse). In the eight post-con...