HCMC Doubles Profits in 2015
By Mathew Keller, RN JD
Regulatory and Policy Nursing Specialist
Hennepin County Medical Center’s 2015 numbers are in, and many HCMC employees on the chopping block might be surprised by them. Despite HCMC’s public statements contributing layoffs to a “financial challenge,” 2015 was its second-most profitable year on record as the healthcare system pocketed $28.6 million in net income—up from $11.5 million in 2014.
HCMC’s MNA nurses are calling on HCMC CEO Jon Pryor to act with more transparency regarding these layoffs. This is not a good start for Dr. Pryor, who stated in an all-employee email on December 9, 2016, “if you’ve been paying attention to the media, you know that HCMC is not the only healthcare organization facing a financial challenge right now.” Only two months prior, the CEO had signed off on the financial report showing the huge 2015 net income increase.
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