Are Layoffs at Fairview/University of Minnesota

Completely Unrelated to

Children's Hospital Wars?

From the Star-Tribune:

 Fairview Health Services said Thursday that it will lay off about 70 workers over the next month.

An additional 170 positions at the Minneapolis-based system of hospitals and clinics either won't get filled or will go dark through attrition, Fairview spokesman Ryan Davenport said.

Fairview made significant investments in its electronic medical records system and in opening the University of Minnesota Amplatz Children's Hospital, but the job losses aren't related to those expected expenses, Davenport said.

According to documents filed with a municipal bond regulatory group, Fairview posted an operating loss of $3.4 million in the three months that ended March 31, compared with a $29 million operating profit in the same period last year.

  

So what are the expenses in this P/L for the new children's hospital? 

My comment on the Strib web-site:

I cannot let this matter pass without pointing out that Fairview/UofM has recently opened an unnecessary children's hospital at a cost of one million dollars [sic] per bed. In the end this is one of the reasons that health care costs go up. This new hospital is a result of the U of M and Children's hospital not being able to cooperate in cost containment. See "Children as Pawns in the Latest Expensive Healthcare Competition."

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