Archive for the ‘The Med’ Category

Non Profits In Memphis

Wednesday, July 26th, 2017

Non Profits In Memphis

 

July 25, 2017

 

Not many people know the extent of nonprofit organizations in Memphis and the surrounding area. A recent count put the number of local non profits at over 3000 with an annual expenditure of over $6 billion and total assets of over $12 billion.

A nonprofit organization is an organization that has been formed by a group of people in order “to pursue a common not-for-profit goal”, that is, to pursue a stated goal without the intention of distributing excess revenue to members or leaders. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization’s shareholders (or equivalents) as profit or dividends.  Nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption or charitable status.

 

Donations for non profits comes from either public tax money, from private donations or from their nonprofits’ investment income. How can donors evaluate whether or not a charity will ultimately deliver on their promise or mission? In the nonprofit world, however, there is no common, easily understood measure of success. There are three types of data that might be used to measure a nonprofit’s success, input, output and results. Input can be measured by reading the 990 (Return of Organizations Exempt From Income Tax) form available through Guidestar or others. Output and results are more difficult to evaluate.

What I am looking for when looking at a local non profit is the mission statement, revenue and sources of revenue, expenses, net assets and fund balances and compensation of officers, directors, trustees, key employees, highest compensated employees and independent contractors. Also I want to know about family relationships amongst these people if any.

I have attached a partial list of non profits in the Memphis area. I have listed them from the highest in gross receipts to the lowest. (St. Jude would be second in gross receipts at $1.029 billion). Look over the list and let me know of others not listed about which you would like further information such as their 990 form. I can provide this to you or you can go to guidestar to get it yourself. Many of these organizations do a great job and provide needed services. There are no doubt some that are questionable. We need to expose the bad ones and support the good ones.

Insure Tennessee! Let Us Have A Discussion

Wednesday, February 11th, 2015

February 11, 2015

Insure Tennessee! Let Us Have A Discussion

 

Recently I heard a talk given by Dr. Scott Morris, founder of the Church Health Center. He talked about the Sears Tower planned renovation and it was fascinating. If it comes off successfully, it could lead to great benefits for midtown and for Shelby County.

 

Before he got into the Sears Tower presentation, he talked about the recently defeated proposal for Insure Tennessee. This is Governor Bill Haslan’s proposal to take federal money from the government to expand Medicaid coverage under the Affordable Care Act to people who do not qualify either for existing Medicaid programs or to buy coverage on an exchange.

 

Haslam unveiled Insure Tennessee in December after nearly two years of negotiating with the federal government because Insure Tennessee was not a straight expansion of Medicaid. It required a waiver approval by the U.S. Department of Health and Human Services because Haslam opted to craft a state-specific program that modeled many aspects of commercial health insurance using funds from a tax that Tennesseans are already paying under the ACA.

 

Dr. Morris stated that this was a no brainer as the money was sitting there and there were people who needed the medical services and after all it was our Tennessee tax money and additionally tax money from other states.

 

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Concierge Medicine In Memphis And The Nation

Monday, November 18th, 2013

November 14, 2013

There was a very interesting article in the Wall Street Journal last Monday (November 11) that was titled “The Pros and Cons Of Concierge Medicine”. With the looming advent of Obamacare everyone should be looking at options for their future medical care.

Here are some of the points made in the article which describes the features of MedLion clinics of which there are 16 locations in five states. They charge $59 for monthly membership and $10 per visit. The concierge business ranges from high end practices charging thousands of dollars per month for lavish celebrity-style treatment to the other pared down clinics which charge $50 to $100 a month for basic primary-care medicine. Of the estimated 5,500 concierge practices nationwide, two thirds charge less than $135 per month on average.

Unlike high-end concierge practices, the lower cost practices don’t accept insurance. Instead they charge patients directly for (more…)

Legal and Lobbying Costs at the Med

Monday, April 19th, 2010

Recently we published a report on the monthly fees paid to Harold Ford Sr. for lobbying work done for the Med which started out a $10,000 per month and is currently at $7500 per month.

Then we requested in an open records request to the Med for information (more…)

Harold Ford Senior and the Med

Monday, April 5th, 2010

If you are not aware of the agreement between Harold Ford Sr. and the Med, I have attached the agreement and the various amendments. The first agreement is for $10,000 per month paid by the Shelby County Health Care (more…)

Commissioner Ritz and the Med

Friday, February 12th, 2010

Commissioner Ritz and the Med

The article this morning in the CA concerning Mike Ritz and the Med is an example of governmental bullying and intimidation. Was the filing of a complaint the right action? I don’t know. But someone has to stand up and take some (more…)

Is the Med Going to Survive?

Tuesday, February 2nd, 2010

The financing of the Med is a critical item and has been much in the news lately. County Commissioner Mike Ritz has been deeply involved in this (more…)