Financial METRO Presentation to Park BARGAINING Nicollet Methodist UPDATE
MNA Bargaining Context In 2010 MNA and Methodist had a very difficult set of negotiations MNA and Methodist successfully reached an agreement but Nurses made significant sacrifices Since 2010 Methodist Financial Condition has substantially improved
N URSE W AGES F ALL B EHIND : 2010-2018 MNA Nurse Metro COLA Increases vs Inflation 4.00% 3.00% 2.00% 1.00% 0.00% 2010 2011 2012 2013 2014 2015 2016 2017 2018* Net Decrease Since 2010 -1.00% -2.00% -3.00% -4.00% Inflation MNA contract Difference
M ETHODIST ’ S R EVENUES G ROW Methodist Revenues, 2013-2017 $700,000,000 $622,389,346 $580,427,948 $600,000,000 $526,216,875 $514,528,388 $509,719,973 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $- 2013 2014 2015 2016 2017
N URSES C ONTRIBUTE TO THE F INANCIAL S UCCESS OF M ETHODIST Methodist Operating Income, 2013-2017 $70,000,000 $62,281,524 $60,000,000 $54,508,808 $53,992,147 $51,613,990 $50,000,000 $40,937,010 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- 2013 2014 2015 2016 2017
Our Expectations MNA Nurses Desire to reach a fair an equitable agreement that: 1. Addresses the sacrifices they have made on behalf of the hospital 2. Recognizes the economic value of their work as professionals
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