The filings are momentous after a third of the previous 30 board members were found to have undisclosed financial ties to the system. The most high-profile case involved former Baltimore Mayor Catherine Pugh, who had a deal worth $500,000 with the health system for the sale of her children’s books, according to the report.
Only two of the 13 new board members disclosed financial ties. One was Elisa Basnight, senior vice president of supply chain for the American Red Cross, and the other was Kathleen Birrane, a partner at law firm DLA Piper. Both directors’ companies had done business with the health system, but neither Ms. Basnight nor Ms. Birrane were directly involved, according to the report.
Read the full story here.
More articles on leadership and management:
Montefiore to cut 149 jobs
Former hospital CEO launches CBD company
How Bernie Sanders’ immigration plan would affect healthcare
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.