|Ocala, FL -
May 29, 2012|
Published in the Ocala Star Banner on Tuesday, May 29, 2012 at 6:30 a.m.
The Munroe question
As I listen to the conversations regarding the operation of Munroe Regional Medical Center, it seems there are two questions.
Would our residents and taxpayers be best served by our being in the “health care management business” or in the “investment business”?
A $65 million bond solution will cost us $50 per household every year. It will cover three years' operating expense.
It is said that it will give us time for a miracle of some kind to save the hospital.
If we choose to enter into a management agreement with a management firm, the math may look more like this.
Several are offering an upfront lease payment of $225 million to $300 million over 40 years. Even at the poor return, we could realize in the current market a good return. The county could use in many ways.
Instead of a short-term $65 million fix, we could have a return from the lease.
I think we are most proud of the recognition Munroe has earned. I do wonder what percentage of the others of that group are corporate or county-operated hospitals. Is there recognizable difference in quality?
Should the ability to sustain the operation be a consideration?