The transfer of Atlanta’s Grady Memorial Hospital from its old politically-appointed board to a new non-profit model was made official Monday with the signing of a lease and transfer agreement. The lease agreement is targeted to begin on May 1st. The meeting of the Grady board yesterday also brought a commitment of 200-million dollars from the Robert W. Woodruff Foundation. The money will help pay for needed infrastructure costs for the financially-troubled Level-1 trauma hospital.
Showing posts with label non-profit. Show all posts
Showing posts with label non-profit. Show all posts
Tuesday, April 8, 2008
Friday, December 28, 2007
Grady plan blasted by critics at public hearing
Citizens concerned about moving control of Grady Memorial Hospital to a nonprofit-model raised their concerns Thursday to Grady leaders.
One key question on everyone's minds...would Grady continue its mission to treat indigent patients? The board said the nonprofit model would.
However, Amy Hasty of the group Jobs with Justice wasn't convinced.
"You know I'm glad the wording is there but it is incredibly vague. If you could tell us specifically how you are going to keep the mission and to what degree you're going to keep the mission".
Grady Authority chairwoman Pam Stevenson says the lease agreement does address how the nonprofit will continue Grady's mission.
"To preserve a mission is not vague language. You translate that into the mission that we've had for 100 years, and you can quantify where we stand today and if there are changes to that mission over a period of time".
Others questioned whether the nonprofit would cut Grady's dialysis and pharmacy services. The authority is gathering public input before finalizing the agreement.
Atlanta's Grady has been financially-strapped for some time, with a debt-load of around 55 million dollars. It's one of the region's main trauma care centers.
One key question on everyone's minds...would Grady continue its mission to treat indigent patients? The board said the nonprofit model would.
However, Amy Hasty of the group Jobs with Justice wasn't convinced.
"You know I'm glad the wording is there but it is incredibly vague. If you could tell us specifically how you are going to keep the mission and to what degree you're going to keep the mission".
Grady Authority chairwoman Pam Stevenson says the lease agreement does address how the nonprofit will continue Grady's mission.
"To preserve a mission is not vague language. You translate that into the mission that we've had for 100 years, and you can quantify where we stand today and if there are changes to that mission over a period of time".
Others questioned whether the nonprofit would cut Grady's dialysis and pharmacy services. The authority is gathering public input before finalizing the agreement.
Atlanta's Grady has been financially-strapped for some time, with a debt-load of around 55 million dollars. It's one of the region's main trauma care centers.
Tuesday, November 27, 2007
Grady set for non-profit control
A unanimous vote last night wrapped up months of discussion on Grady Hospital’s future in Atlanta—that future will now include management by a non-profit board. The vote by Grady’s board concluded an afternoon of spirited debate, including from critics who fear this change will threaten the mission of the hospital to serve the poor.
The new non-profit board will have a lease arrangement with the current board. Of the several conditions in the deal, one calls for a commitment by state and local business, civic and charitable leaders to raise 100 million dollars in private donations over three years. Another point of the resolution requires a written commitment from top state leaders to back increased state funding of Grady--of not less than 30-million dollars a year.
Grady is one of a handful of level-1 trauma care centers in the state.
The new non-profit board will have a lease arrangement with the current board. Of the several conditions in the deal, one calls for a commitment by state and local business, civic and charitable leaders to raise 100 million dollars in private donations over three years. Another point of the resolution requires a written commitment from top state leaders to back increased state funding of Grady--of not less than 30-million dollars a year.
Grady is one of a handful of level-1 trauma care centers in the state.
Monday, November 26, 2007
Historic vote on Grady due today
A possible new direction for financially-strapped Grady Hospital in Atlanta is on the table for a vote today. The hospital’s board is expected to meet and vote on a proposal that would hand control of the hospital over to a non-profit management group. The 115-year-old facility has been on monetary life support for some time--it has been losing money for the past several years. Grady is one of a handful of level-one trauma care centers in the state.
Tuesday, September 25, 2007
Grady board will look at non-profit idea
Grady Health System's board members have decided to look more closely at leasing management to a private, non-profit board. In a unanimous vote Monday, they authorized the formation of an exploratory committee to examine how that change could look.
Two months ago, Grady's board hired a team of lawyers to research legal questions around restructuring. At yesterday's meeting, the lawyers said the board needs to know more about what benefits would come from non-profit management before any decision can be made.
Chairperson Pamela Stephenson says the exploratory committee will be charged with answering that and many other questions.
"What is it we're going to do? What is it going to look like? What's the funding going to look like? When can we expect it? Who's going to do what? And flesh out the details..."
Stephenson will appoint committee members from among civic, government, and business leaders this week. Their recommendation is due in two months.
Two months ago, Grady's board hired a team of lawyers to research legal questions around restructuring. At yesterday's meeting, the lawyers said the board needs to know more about what benefits would come from non-profit management before any decision can be made.
Chairperson Pamela Stephenson says the exploratory committee will be charged with answering that and many other questions.
"What is it we're going to do? What is it going to look like? What's the funding going to look like? When can we expect it? Who's going to do what? And flesh out the details..."
Stephenson will appoint committee members from among civic, government, and business leaders this week. Their recommendation is due in two months.
Monday, September 24, 2007
Grady hospital board meets on non-profit idea
The board of Grady Health Systems today votes on the formation of a transition team to explore handing-over management of the institution to a private non-profit board. The move comes after a closed-door meeting last Wednesday between Grady board members, representatives of state government leaders, Fulton County commissioners, the business community, and African-American religious leaders.
The transition team will have 60 days to figure out how to make sure that indigent patients can continue getting the care they need under a private, non-profit board. In return, state leaders said they'll support legislation to fund a statewide trauma network, and to make other counties pay for their residents' use of Grady. Corporate leaders also agreed to raise 200-million from the philanthropic community.
The transition team will have 60 days to figure out how to make sure that indigent patients can continue getting the care they need under a private, non-profit board. In return, state leaders said they'll support legislation to fund a statewide trauma network, and to make other counties pay for their residents' use of Grady. Corporate leaders also agreed to raise 200-million from the philanthropic community.
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