Post a New Topic
Original post made
on Apr 16, 2009
I continue to be amazed at the disconnect between the ECH Board's public comments vs. its actions. The Board has repeatedly said that Los Gatos hospital is a small acquisition amounting to nothing more than 'another floor' of El Camino Hospital and therefore requiring no monthly/quarterly profit and loss reporting or financial tracking. Yet this 'other floor' operation requires an initial investment of over $100 million; a separate hospital name for the Los Gatos facility; a new "President" to run the Los Gatos operation; and a committment to support multiple medical specialities. Apparently the ECH Board believes it can dupe taxpayers and ignore its stakeholders' demands for transparent reporting by claiming that a $100 million investment is pocket change and by making optimistic forecasts - while refusing to track and report on the future financial results of the Los Gatos operation. Much of El Camino Hospital's $400 million cash reserve is a direct result of the non-profit hospital's tax-exempt status and the tax revenue it has collected over 40 years from District taxpayers. The ECH Board demonstrates a level of arrogance and fiscal irresponsibility that is unparalleled in the non-profit world.
Based on this example of the El Camino Hospital District buying a facility outside the district, I can't wait for the Mountain View Whisman School District to purchase a failing school in East Palo Alto to help serve that community.
If the El Camino Hospital District had enough money to purchase a hospital in Los Gatos, why were we asked to approve a bond measure a few years ago? Surely, El Camino's operating profit could have been used to build the new hospital building right here in Mountain View.
Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online.
Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information
We prefer that you use your real name, but you may use any "member" name you wish.
Select your neighborhood or school community: * Not sure?
- Bailey Park
- Blossom Valley
- Castro City
- Cuesta Park
- Jackson Park
- Monta Loma
- North Bayshore
- North Whisman
- Old Mountain View
- Rengstorff Park
- Rex Manor
- Shoreline West
- St. Francis Acres
- Stierlin Estates
- Sylvan Park
- The Crossings
- Waverly Park
- Whisman Station
- another community
Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.
Draeger’s Los Altos eyes upgrades, expansion
By Elena Kadvany | 4 comments | 2,789 views
Housing is for People
By Steve Levy | 18 comments | 1,762 views
College Visit: Lehigh and Lafayette
By John Raftrey and Lori McCormick | 4 comments | 1,240 views
Is Coffee a Date?
By Laura Stec | 4 comments | 489 views
The Opposite of What You Don't Want
By Caroline Fleck | 0 comments | 344 views
Home & Real Estate
Shop Mountain View
Send News Tips
Circulation & Delivery
Palo Alto Online
© 2015 Mountain View Online
All rights reserved.