Category: Medicine

CarolinaEast Hospital forced to borrow $45 million

Cyberattack on unrelated claims-payer impales cash flow NEW BERN – Hospital officials were in Raleigh Tuesday afternoon and received a friendly reception from a state agency known as the Local Government Commission, which must first give its blessings before units of government and public authorities (like most hospitals in North Carolina) can take on additional debt. State Treasurer Dale Folwell conceded the predicament faced by CarolinaEast is highly unusual – triggered by a recent hack of Change Healthcare, which is a ‘claims management vendor’ – a number-crunching intermediary between many…

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