“We’re here to serve the people of this community”. Those are the words of ThedaCare’s CEO Imran Andrabi in an interview in the Post Crescent on August 20, 2017. By definition, a “servant” responds to requests from others. Over the last several months, as concerned members of our community, we have made several requests to Dr. Andrabi’s organization as well as to Ascension. First, we requested bylaws from both organizations. Bylaws are legal documents that describe how organizations function including how members of the board of trustees are selected. We received an “executive summary” of the bylaws from Ascension which included nothing about trustee selection and…nothing from ThedaCare. Secondly, we requested an explanation from ThedaCare about a discrepancy in financial results for 2016. Their Chief Medical Officer and Public Relations Director told us in conversation that ThedaCare had $4 million in net revenue for that year. Curiously, the financial statements provided by ThedaCare to EMMA (the electronic municipal market access), a required filing of all organizations that have outstanding tax exempt municipal bonds, showed a net margin of approximately $33 million. We have asked for an explanation of the variance and have received no response.
While these organizations (Ascension, ThedaCare) promote themselves as “servants” and stewards of the community, these experiences cause us to seriously question these assertions.
Merton D. Finkler PhD