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Lawmakers To Get Update On Cardinal Innovations Healthcare

via Twitter

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.

Tom Bullock decided to trade the khaki clad masses and traffic of Washington DC for Charlotte in 2014. Before joining WFAE, Tom spent 15 years working for NPR. Over that time he served as everything from an intern to senior producer of NPR’s Election Unit. Tom also spent five years as the senior producer of NPR’s Foreign Desk where he produced and reported from Iraq, Afghanistan, Yemen, Haiti, Egypt, Libya, Lebanon among others. Tom is looking forward to finally convincing his young daughter, Charlotte, that her new hometown was not, in fact, named after her.