Since CarePoint Health probe, New Jersey hospital monitored weekly by state

Bayonne (N.J.) Medical Center officials check in each week with the state health department regarding the hospital’s financial situation, according to NJ.com.

New Jersey Health Commissioner Shereef Elnahal, MD, told state senators the weekly check-ins are “to get updates on their financial health and their ability to meet the needs of the community.”

They come after a report was released related to the hospital’s parent company, Jersey City, N.J.-based CarePoint Health.

The report — released by the state investigation commission — showed that CarePoint owners received $157 million in management fees from 2013 through 2016, via limited liability companies that appear to have no employees, according to NJ.com, which cites information from hospital and health department officials.

After the report was released, CarePoint called for closer monitoring by the health department of Bayonne Medical, Hoboken (N.J.) University Medical Center and Christ Hospital in Jersey City, N.J., all purchased by CarePoint.

CarePoint spokesperson Jennifer Morrill told NJ.com the meetings "were initiated as much by CarePoint as the department of health, in an effort to assist with fostering even greater transparency.”

Ms. Morrill said there have been no recent layoffs or changes in the level of services at Bayonne Medical.

Access NJ.com’s full report here.

 

More articles on healthcare finance:

Phoenix hospital reopens
10 hospitals seeking RCM talent
RCM tip of the day: Work with, monitor your vendors via co-sourcing

 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>