Lawmakers To Get Update On Cardinal Innovations Healthcare
Tuesday morning, lawmakers will get an update on the operation of Cardinal Innovations Healthcare.
This briefing comes as state officials are facing a self-imposed deadline to return control of the organization to a new board of directors.
Cardinal was taken over by the state back on November 27. Officials said the unprecedented move was due to excessive CEO pay and overly generous severance packages for Cardinal's top employees.
This 'serious financial mismanagement' officials said also necessitated the firing of then CEO Richard Topping and Cardinal's entire board of directors.
They were replaced with interim CEO Trey Sutten and officials from North Carolina's Department of Health and Human Services, who run Cardinal's day to day operations.
But this arrangement is supposed to be temporary. A new board of directors for Cardinal has now been elected or selected based on a complex system dictated by state law.
So lawmakers will hear today if the organization can indeed return to self-rule as expected sometime next month.
But, this is Cardinal. So the unexpected often pops up as well. We'll learn if that is the case when DHHS Secretary Mandy Cohen gives her update to the committee.