Voya Financial this week announced that it has reached a definitive agreement to purchase Benefitfocus. Voya will acquire all outstanding shares of Benefitfocus common stock for $10.50 per share in an all-cash transaction valued at approximately $570 million, inclusive of Benefitfocus debt and outstanding preferred shares. Benefitfocus serves brokerage and consulting firms in the health and benefits industry and, through its employer and health plan customers, touches more than 25 million lives on its platform.
Greenwood Leflore Hospital will lay off as many as 80 employees in an effort to cut costs and keep the hospital open through the end of the year as it continues takeover negotiations with the University of Mississippi Medical Center.
In hospitals all across the country, the board of trustees is fiscally responsible for the financial wellbeing of the organization.
The governing board is also ultimately responsible for the credentialing and privileging of all practitioners in the organization and for monitoring the quality of care these practitioners provide. However, because the board lacks the expertise to credential and privilege and monitor the quality of care, these tasks are often delegated to the organized medical staff. Unfortunately, some medical staffs and boards do not have a good working relationship.