Subsidizing the 501a Doctors at the Glen Rose Medical Center-the Agreement


 

Subsidizing the 501a Doctors at the Glen Rose Medical Center-the Agreement
 


20 July 2010 at 10:51:07 AM
salon

You remember how the county voted to subsidize the doctor's salaries that are in the Glen Rose Healthcare Inc (501a)  if they don't make enough money to stay here? Here's the agreement referred to in the video.

LINK TO AGREEMENT

The relevant part is on Schedule C pages 15 and 16.

.... there must be the ability to recruit and maintain physicians committed to practicing medicine at the hospital. However, this requires that there be the financial ability to compensate physicians and maintain the Physician Group's operations even during periods where the Physician Group's revenues are not sufficient to meet these obligations. ... the Medical Center understands that it may be necessary during periods of negative cash flow for the Medical Center to provide Operational Support Assistance ("OSA" to the Physician Group.

The process is that the Physician Group provides a revenue and expense statement for the month to the Somervell County Healthcare Authority board, which is a board appointed by the elected officials of Somervell County.

If the Physician Group's revenues are insufficient to meet its reasonable operational obligations and no other source of non-debt funds exists from which the Physician Group can makeup the short-fall, the statement shall show this number as the Request for OSA for the month.

If the Medical Center dba Somervell County Hospital Authority board believes the OSA is appropriate, they pay that amount into the account of the Physican Group. A detailed use of the OSA shall be provided to the Medical Center after each OSA transfer showing how the OSA was used.

 


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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