WV hospital becomes nonprofit, eyes renovation
Charleston Daily Mail, August 14, 2012
After three years of legal wrangling, Boone Memorial Hospital in Madison is now an independently run, nonprofit organization. The change occurred July 1. Tommy Mullins, Boone Memorial's longtime chief executive officer, said becoming a nonprofit would speed the hospital's campaign to replace its aging facility. Boone Memorial's current facility was built in 1964. Administrators want to replace the old, cramped building with a new hospital. On Aug. 1, the hospital applied for a $34 million loan from the U.S. Department of Agriculture. The loan would cover the full cost of the new building. "We should know in 60 days if we qualify, and for what amount," Mullins said.
Most Viewed
Most Emailed
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- Don't Let Nurses Sink Your Bottom Line
- How Chargemaster Data May Affect Hospital Revenue
- Uncompensated Care Faces a Double Hit in Some States
- Hospital Pricing Transparency a Marketing Game Changer
- ED Physicians Key to Half of Hospital Admissions
- Primary Care Docs Average More Hospital Revenue Than Specialists
- Insurer's App Aims to Lower Healthcare Costs, Securely
