Quote:
Originally Posted by AC2717
they need to get off the coat tails of government funded programs and governement insurance. That is where they went wrong
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Falling off the deep end of some sort of government hysteria.
"Last year, LRGH paid about $5 million just on interest on debt. Its total liabilities are $175.6 million."
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"The Hospital was founded in 1893 with a $6,174.31 bequeath from Rhoda Ladd's estate. Recognizing the need for a hospital facility, the town of Laconia raised the additional funding needed, and opended the Cottage Hospital on Court Street. The goal was to provide quality care for those in need, regardless of their ability to pay."
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One should view the Board of Trustees past and present for making such poor spending decisions, poor hiring practices, poor building decisions, etc.
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Dr. Nadeau.
"In 1961, Thomas and Charlotte moved to the Lakes Region of New Hampshire where he started private practice at the Laconia Clinic. Two years later, he completed construction of the Inter-Lakes Medical Center in Meredith and began his family practice. Working alongside his wife, Inter-Lakes provided care for the region’s residents for more than 35 years.
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Dr. Nadeau used a modern brick building in Meredith.
Lakes Region General Hospital in is lacking financial wisdom - tore down the modern brick building and constructed a Ritz-Carlton new medical building - wait for it . . . borrowing money -adding to the debt of LRGH.
Nothing to do with the govment. A lot to do with local people on the Board of Trustees making poor financial decisions.
Nothing to do with the government.