Nurses (Page 9)

On:
In: Elections, Home, Nurse licensure, Nurses, Nurses Strike

By Laura Sayles

MNA Government Affairs Specialist

 

Seems like it’s a tradition that around Thanksgiving everyone writes about what they are thankful for. To mix holiday metaphors, the Grinch in me can’t find much to be thankful for right now. Regardless of who you voted for, there is no doubt that this election season was brutal: to people’s mailboxes and televisions, to relationships with family and friends, to a culture of civil dialogue, to candidates who lost, to candidates who won and now have to govern highly polarized electorates.

And in all honestly, I’ve mostly succumbed to the pessimism all this brings.
… Read more about: The tradition of feeling thankful – even this year  »

Allina Strike

On:
In: Action, Allina, Home, Hospitals, Nurses, Patient Safety

By Veronica Jacobsen


Veronica Jacobsen

Veronica Jacobsen, BA, CD(DONA), CLC, CPST, LCCE, FACCE

 

 

Reprinted with permission from Baby Love Minnesota blog.  The author is an instructor in childbirth classes.  Information is available here: Here’s info on my classes: http://www.babylovemn.com/classes-at-babylove/

I have been blogging for almost exactly 5 years in this space, and maternity care outcomes and transparency hold a special place in my heart. I don’t know if anyone gets as excited as I do when new info comes out. After a lot of thought over the weekend, I am posting this.
… Read more about: Mom Says Allina Strike Puts Birthing Families in Danger  »

On:
In: Allina, Bargaining, Home, Minnesota Nurses Association, Nurses, Unsafe Staffing

Dear MNA Allina nurses,

This is long, but important.  As your Executive Director I was present for the 22 hour marathon bargaining session that just ended mere hours ago. I understand Allina has, as usual, communicated with all of you before we were able to do so (a clear divide and conquer tactic that they have become oh so good at) so I wanted to get this out to you. Please note, that communication from Allina lists the elements of their proposal but not the details because they want you to demand to vote on their proposal without knowing what that proposal will really mean for you – don’t fall for it, it’s Allina trying to cause division within the union.
… Read more about: A Letter to Our Valued MNA Nurses  »

On:
In: Activism, Allina, Home, Labor Unions, Nurses, Nurses Strike

By Mathew Keller, RN JD
Regulatory and Policy Nursing Specialist

We’ve detailed at length the connections between Piper Jaffray and Allina. Piper Jaffray, as you recall, served as a broker/dealer to a 2007 “Auction Rate Security” bond offering that ultimately led Allina to sue. Allina claimed that the other broker-dealer (UBS) knew the Auction Rate Security market would fail mere months after the bond offering, but, interestingly, Allina did not make that claim against Piper. This transaction caused Allina to lose tens of millions of dollars in penalty interest rates, interest rate swaps, and early termination fees when it refinanced the bonds.
… Read more about: MNA Requests Meeting with US Bank in order to Save Allina Money  »

On:
In: Activism, Allina, Home, Nurses, Politics

By Mathew Keller, RN JD
Regulatory and Policy Nursing Specialist

 

Despite all of its bad deals and big debts, Allina Health is still making piles of money. As this space detailed back in June, Allina has made more than $1.3 billion dollars in net revenue over the past 6 years for which financial disclosures are available. That’s after expenses, including salaries, $23.9 million in executive pay, millions to buy out McDonalds’ lease, $60 million lost on bad loans, and so on.

While Allina is a not-for-profit company, it still has to pay taxes on things like capital gains.
… Read more about: Where Are Your Medicare Dollars Taking a Vacation?  »

On:
In: Allina, Home, Hospitals, Nurses

By Mathew Keller

Integrity. Respect. Trust. Compassion. Stewardship. These are the core values of Allina Health. The Oxford dictionary defines integrity as “the quality of being honest and having strong moral principles; moral uprightness.” So why, then, does Allina continue to tell its nurses that it needs to shift $10 million in healthcare costs to them? In 1,664 pages of financial disclosures to the IRS and its bond investors from 2001–2014, Allina never once represents that it is anything but highly profitable, making a reported $1.3 billion dollars in net revenue over the past 6 years alone.
… Read more about: Allina Health Integrity and Irony  »

On:
In: Allina, Home, Nurses

By Mathew Keller

and Jordan Ash

We’ve seen that Allina is taking on more and more debt, $880 million in all. We’ve seen who benefits from that debt (hint: look to the Board). Today, we look into a particularly bad deal Allina made with UBS Securities and another big bank; a deal that led to losses in the tens of millions, a lawsuit; and the intervention of Minneapolis and Saint Paul.

Auction rate securities (ARS). They were popular back before the financial crisis, and the big banks loved them. Like most of the financial instruments that tanked in the recent recession, though, they’re completely made up.
… Read more about: Allina’s Bad Deals and Big Debts  »

On:
In: Elections, Home, Nurses, Politics

By Laura Sayles

MNA Governmental Affairs Specialist
Congratulations MNA Endorsed Candidates!

In Tuesday’s Minnesota Primaries, many MNA endorsed candidates who had primary opponents won their races and will move on to November’s General Election.

MNA was proud to be one of only two unions to endorse Ilhan Omar in her race for the DFL endorsement in House District 60B.  MNA nurses were impressed by the work she has done on winning paid parental leave for Minneapolis city employees, banning environmentally harmful containers, restricting the use of pollinator-harming pesticides, and expanding the use of restorative justice in Minneapolis.  Her story of her entry into politics through interpreting for her grandfather at local DFL caucuses leading to her to work for change at the grassroots level inspired MNA nurses to support her bid for the DFL endorsement. 
… Read more about: MNA Endorsed Candidates Move On to General Election  »

board of directors

On:
In: Allina, Home, Nurses

By Mathew Keller

and

Jordan Ash

Allina is quickly racking up the amount of debt it carries, increasing its total obligation over the past ten years by 60 percent to $880 million. The magic question, however, is why Allina needs $880 million of debt. Why, if it is willing to spend such amounts on expansion and executive pay, is it so unwilling to invest in the healthcare of its nurses?­ As with all things big business, just follow the money.

Money which, in this case, leads directly to Piper Jaffray.  As you recall, Piper

Jaffray has had a huge hand in increasing Allina’s debt obligations, underwriting in conjunction with other banks $1.6 billion dollars in loans to the healthcare company since 1993.
… Read more about: Who is telling Allina to Mortgage the Future of Patient Care?  »

Allina big debt

On:
In: Activism, Allina, Home, Nurses

By

Mathew Keller and Jordan Ash

Allina Health claims it needs to take $10 million out of the pockets and healthcare of its nurses. The question is why, which begs a look at Allina’s finances. A check of Allina’s books, however, makes one question whether the company really is in good hands.

For starters, the amount Allina pays annually to big banks has grown to $60 million dollars a year. Allina’s current debt of $880 million dollars, in fact, represents a whopping 60 percent increase from just 10 years ago when Allina had $550 million in debt.
… Read more about: Allina’s Debt to Big Banks Increases by 60 Percent  »