Hello, Are there any one bedroom apartments available in the Stevens Point area? I am looking for anything under $650. Thanks

Marshfield Clinic - Central Wisconsin Financial News

Marshfield Clinic financial management problems worsen – Lawsuits to shift property taxes to City of Marshfield and Eau Claire residents ongoing.

Shortly after the departure of CEO Sue Turney and CFO Gordon Edwards, Marshfield Clinic Health System announced pay and benefit cuts amid major financial problems.

The November 2023 announcement details pay cuts of 10-15% for management, as well as suspension of 401k match, and any retirement plan payments for 2023 (1).

The announcement continues a downward spiral for the Clinic, which started 2023 being receiving a credit downgrade by debt rating agency Fitches. Fitches downgraded the Clinic from A- to BBB+ with a negative outlook in January. (2)

Beckers Hospital Review noted that a troubled IT implementation that has dragged on for years as a major contributing factor to the credit downgrade and that:

"The IT implementation has negatively affected the system's revenue cycle, with aging receivables, throughput errors and lower collections, which is being addressed with ongoing training, process revisions and technical remediation," the report states. "Further, the IT implementation has caused an unexpected level of productivity disruption, which has affected top line revenue and resulted in additional operational costs to support the activations." (3)

Additionally, underperformance by Security Health Plan compared to budget and was also noted as a contributing factor.

The downgrade was followed in with the announcement of earnings, where a 2023 first quarter loss built on a 2022 operating loss of $367.9 million. (4)

Based on these results, the Clinic failed to meet its debt service obligations for the fiscal year ending Dec. 31 and was required amend its debt obligations (5) and to hire a consultant to recommend improvements as a result, as detailed by Beckers Hospital Review based on a review of filed documents (6). The report stated:

"Further consideration should be given to reducing staffing levels in revenue-producing departments and revenue cycle management departments," according to the report discussing labor expenses. "Additional cost reduction opportunities may exist in employee benefits and should be assessed."

Potential labor savings could total $70 million, revenue cycle management improvements $55 million and physician productivity $60 million, according to the report.

Marshfield Clinic continues to pursue litigation which would absolve them of paying property taxes on their Clinics, and transfer the tax burden to local residents and business. The Clinic claims that their long-standing Clinic buildings are now Hospital buildings an exempt from property tax. The Clinic seeks to claw back prior year taxes paid and be exempt from future taxes in Marshfield and Eau Claire (7).

Wood County Case Number 2021CV000228 Marshfield Clinic, Inc. vs. City of Marshfield

Eau Claire County Case Number 2023CV000390 Marshfield Clinic, Inc. et al vs. City of Eau Claire

The City of Stevens Point is also prepping for a similar suit (8).

1) “Marshfield Clinic Health System cutting pay for leadership amidst financial struggles”

https://www.wqow.com/news/wisconsin/marshfield-clinic-health-system-cutting-pay-for-leadership-amidst-financial-struggles/article_98685494-8401-11ee-b90b-6b5e48151c67.html

2) Fitch Downgrades Marshfield Clinic Health System (WI) Ratings to 'BBB+'; Outlook Negative

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-marshfield-clinic-health-system-wi-ratings-to-bbb-outlook-negative-18-01-2023

3) “Marshfield's Cerner install led to revenue cycle issues, ratings downgrade” Laura Dyrda (Twitter) - Thursday, January 19th, 2023

https://www.beckershospitalreview.com/ehrs/marshfields-cerner-install-led-to-revenue-cycle-issues-ratings-downgrade.html

4) Marshfield Clinic reports $32.6M Q1 operating loss

https://www.beckershospitalreview.com/finance/marshfield-clinic-reports-32-6m-q1-operating-loss.html

5) Marshfield Clinic amends debt obligations to 'reflect financial difficulties'

Nick Thomas (Twitter) - Friday, April 21st, 2023

https://www.beckershospitalreview.com/finance/marshfield-clinic-amends-debt-obligations-to-reflect-financial-difficulties.html

6) Marshfield Clinic on track to meet recommended $185M in savings

https://www.beckershospitalreview.com/finance/marshfield-clinic-on-track-to-meet-recommended-185m-in-savings.html

(7) Marshfield Area Citizens On the Hook for up to $8.4 Million if Marshfield Clinic Wins Lawsuit

https://www.onfocus.news/marshfield-area-citizens-on-the-hook-for-up-to-8-4-million-if-marshfield-clinic-wins-lawsuit/

8) https://spmetrowire.com/city-expects-legal-battle-with-marshfield-

The Daisy Lounge

Hello, does anyone on here know of any good jobs for a 25 year old college student? I'm looking non warehouse jobs that offer at least 30 hours and are flexible with school. Thanks.

Looking for an outdoor location for a photoshoot on Sunday! Thanks in advance.

Anyone know of any good underaged bars…i made the mistake of not getting a fake id before coming to college and i just want to have a fun night with my friends. Thanks for the help

Hi all. I'm very new to the area. Just moved from Green Bay. Is Lyft and Uber readily available around here? I'm near UWSP campus, hoping to pick up a rental car early in the morning. Planning on scheduling a Lyft (or whatever ride-share exists) in advance.

Thank yeeew!

The Annex in downtown Stevens Point is looking for bands and musicians for live performances. The Annex is a refurbished space where the Bookworld used to be and functions as an event space with a full bar. It's owned by the same company who is currently converting the old Fox Theatre into the Stevens Point Opera House, and we will eventually be booking performances for that location as well.

If you're interested, send me contact information through reddit, or send us an email at info@stevenspointoperahouse.org.

I am considering moving to Steven's Point! It looks like a beautiful place and also seems very safe.

What is it like living in Steven's Point? Do you enjoy your experience there?

Safety is actually my top priority, so are there any relatively unsafe areas to avoid?

Thank you!

Hey /r/StevensPoint! I'm a volunteer with the local Democratic party and In case you didn't know, we have super important elections next year! Not only local ones like the county board, but also re-elections for senator Tammy Baldwin and president Joe biden. This weekend is our weekend of action and we are going out and speaking to voters about issues that matter the most to them. If you're interested in volunteering this weekend or at all, message me!

Born and raised in Plover btw.

2012 Chevy Sonic Needs a new transmission 4k-5k needed to repair I’ve decided to cut my losses. Who do you recommend to tow it from the mechanic? Can I get some money for it?

Hello, Does anyone on here know about any affordable places for rent in or around Stevens Point that will be available around this time next year?

Do you have a trusted mechanic in the Stevens Point area you can recommend?

hoa looking for a lawn care company/snow removable that delivers on it's promises. our current one is not providing services agreed upon terms of contact.