The decision by North Carolina lawmakers to expand Medicaid will come with a billion dollars of new federal funds for the state. But the House and Senate disagree on how to spend the money.
The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months.
Nearly all members of the decision-making committee believe the central bank will need to impose at least one additional rate hike this year, Fed Chair Jerome Powell said at a press conference.
"Insufficient due diligence," turnover in management and "inadequate in-house real estate expertise" were contributing factors to VCU Health's costly exit from an ill-fated downtown development, according to a third-party review presented Wednesday.
The report from the law firm that conducted a monthslong review found that the health system’s handling of the proposed redevelopment of the city’s Public Safety Building “followed a pattern of prioritizing mission, vision and values over financial terms.”
Ochsner Health has named Jim Molloy as the organization’s next Executive Vice President, Chief Financial Officer and Treasurer.
A leader at Citi bringing decades of extensive experience in healthcare finance, Molloy will oversee the organization’s accounting, financial planning and analysis, reimbursement and revenue cycle functions, as well as managed care contracting and treasury. He will also play a pivotal role in the continued development and execution of Ochsner’s strategy as the health system builds on its clinical excellence and spirit of innovation to evolve the future of healthcare delivery.
After a lengthy process and interviews with candidates from all over, it took just a few minutes to approve the new Powell Valley Healthcare CEO, who has been working just one office away from the soon-to-be-retired CEO.
PVHC Chief Financial Officer Joy Coulston was chosen by the majority as the next CEO by the hospital board of directors at a special meeting Wednesday evening.
Under the weight of so much debt, Claxton-Hepburn Medical Center in Ogdensburg has announced major changes. Claxton-Hepburn will continue to run some of the hospital, but a majority of the services will be operated by Carthage Area Hospital.