put the clowns in the morgue with the bonds that if defaulted upon will result in the sale of the county to refugees from dilicon valley
source the bcg from japan and use it as per faustmanlab.org
uspto.gov faustman dl, pubmed.org ristori + bcg
NIFA seeks 'turnaround' specialist to focus on fiscal issues at NUMC
Nassau University Medical Center in East Meadow. Credit: FlyingDogPhotos.com/Kevin P. Coughlin
The Nassau Interim Finance Authority is searching for a “turnaround” consultant to address fiscal problems at Nassau University Medical Center, which has struggled with operating deficits and leadership turnover.
NIFA, the state board that controls Nassau County’s finances, is seeking proposals from a “hospital/health care turnaround consultant” to help with improvement of NUMC’s “finances and avoidance of a possible fiscal crisis,” according to a request for proposals the agency issued on Jan. 8.
The request comes several weeks after NIFA’s chairman, Adam Barsky, said NIFA was exploring whether to put NUMC under its financial control.
If NIFA were to take over hospital finances, it possibly could institute an employee wage freeze and require NUMC to submit contracts, budgets and union agreements to the control board for approval, Barsky said.
NUMC is Nassau’s only public hospital and treats many uninsured and low-income patients. NuHealth, the public benefit corporation that runs the hospital, posted a $46.6 million operating deficit in 2018, compared with a deficit of $25.7 million in 2017.
A June audit of NuHealth’s 2018 financial statements has also caused concern about the health system's finances.
The "going concern" note from consulting firm Grant Thornton said federal, local and state aid were scheduled to end or be cut back, prompting “substantial doubt about [NuHealth's] ability to continue as a going concern.”
With “going concerns,” accountants prepare financial statements with the assumption that the organization has enough funds to continue operating in the near future.
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