Let ' s Talk About Hospitals And Rural Healthcare (Particularly Mother-Baby Care): My Letter To The NC Government Commission/NC State Treasurer In Support Of Randolph County ' s Application For A Loan To Save Randolph Health
Author ' s Note: The lawyers have a saying, " Res Ipsa Loquitur " " . Translated from Latin, it means, " The thing speaks for itself " . This is the text of the letter I sent to theNC Local Government Commission (embellished with a few links and additional comments in red) . . .in support of the state of North Carolina granting a loan to Randolph County (via the NC Rural Healthcare Stabilization Act) . . . for purposes of assisting in the " rescue " of Asheboro ' s Randolph Health - in a bankruptcy Court-approved buy-out of Randolph ' s assets by American Healthcare Systems, LLC.On May 4th, after months of stalls . . .with Randolph County being made to jump through EVERY hoop . . .and with the bankruptcy Court discounting the hospital ' s assets to the approved buyer by 50% . . .and with Randolph County decreasing the amount they were asking for to 12 million instead of 20 million . . .and despite heavy lobbying against the proposal by outside interests (I am choosing not to wax poetic here) . . .the Local Government Commission finallyapproved the loan . . . effectively creating a County Authority to oversee the running of the hospital. Approval was contingent on #4 conditions:1. The NC Attorney General must sign-off on the loan; 2. Randolph County must have #2 representatives on the new hospital ' s Board of Directors - with full voting rights; 3. A truly independent entity (that would NOT be UNC) must be able to p...
Source: Dr.J's HouseCalls - Category: American Health Tags: Asheboro Atrium Health Bankruptcy Cone Health Duke Lifepoint LGC Medical Whistle-blower Mother-Baby Care NC Rural Heatlh NCDHHS Non-profit Randolph Health UNC Health Wake Forest Baptist Source Type: blogs
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