Former WY hospital CEO accused of embezzlement
The former chief executive officer for Powell Valley Healthcare is being sued for allegedly embezzling nearly $850,000 while he was at the helm of the organization. The lawsuit against Paul Cardwell was filed Thursday in the U.S. District Court in Casper on behalf of HealthTech Management Services Inc. HealthTech, hired to provide management services for Powell Valley Healthcare, is the company that formerly employed Cardwell to oversee the company’s operations in Powell. According to the lawsuit, Cardwell authorized spending $847,934 between March and September to recruit physicians and other personnel to Powell Valley Healthcare. The lawsuit alleges that the money was actually sent to a "straw company" that did no legitimate work and kicked a "substantial" amount of Powell Valley Healthcare's money back to Cardwell.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- ACOs Widespread, Yet Challenged
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- 6 CNO-to-CEO Strategies
- Healthcare Costs 'An Abomination' Says Senate Finance Committee Chair
- Healthcare Consolidation: M&A Not the Only Way
- HFMA: Patient Financial Interaction Guidelines Sharpened
