MONROE, La. (AP) - Auditors say the nonprofit organization that runs north Louisiana’s two state hospitals lost $700,000 during its first year.
The Biomedical Research Foundation of Northwest Louisiana says hospital operations were breaking even when that year ended in September.
The News-Star (https://tnsne.ws/1bZyixO ) reports that Postlethwaite and Netterville of Baton Rouge checked the 12 months beginning Oct. 1, 2013. That’s when the foundation took control of the hospitals in Shreveport and Monroe.
It had never run a hospital before becoming part of Gov. Bobby Jindal’s push to privatize most of the university-run public hospital system.
Auditors did not find problems with accounting or financial operations.
A statement from the foundation says it was a remarkable achievement to move from a start-up to business in 135 days and to breaking even within a year.
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Information from: The News-Star, https://www.thenewsstar.com
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