Tuesday, June 5, 2007
Add it up Add It Up: Grady bleeds
Posted by Alyssa Abkowitz on Tue, Jun 5, 2007 at 6:40 PM
Amount of money Grady Health System lost in 2006 and 2005, respectively: $20 million, $13 million
Amount consulting firm Alvarez & Marsal recommended Grady cut from its budget: $48.5 million
Total amount, over six months, Alvarez & Marsal was paid for its services: $2 million
Amount Alvarez & Marsal hoped Grady would save by offering early retirement packages to senior employees in March: $15 million
Number of Grady-operated neighborhood clinics Alvarez & Marsal recommended Grady sell: 9
Number of outpatient visits to those clinics in 2005: 888,594
Number of counties in Georgia that fly trauma patients to Grady: 14
Number of counties that contribute to Grady’s operating budget: 2
Sources: Georgia Watch, Atlanta Journal-Constitution, Atlanta Business Chronicle, Grady Health System
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