logo
Buckhannon says ‘Certificate of Need' repeal will close its hospital

Buckhannon says ‘Certificate of Need' repeal will close its hospital

Yahoo13-02-2025

BUCKHANNON, W.Va. (WBOY) — West Virginia Governor Patrick Morrisey said during his State of the State Address Wednesday that he hopes to remove the state's Certificate of Need process, which he says is 'one of the roadblocks to improving our healthcare system,' but the Buckhannon community is urging people to speak out against it, saying it will kill their local hospital.
The Certificate of Need (CON), which has existed in West Virginia since the 1970s, is a review that determines whether a new hospital is necessary and financially feasible, according to the West Virginia Health Care Authority (HCA).
'In West Virginia, the CON program offers some protection for small, often financially fragile, rural hospitals and the underinsured population they serve by promoting the availability and accessibility of services and, to some extent, the financial viability of the facility,' the HCA's website says.
'Help or hurt?': West Virginia health committee debates certificate of need
Morrisey and other legislators in the state argue that removing the CON will give West Virginians access to more personalized healthcare because it will allow more facilities to open without 'red tape.'
For Upshur County specifically, residents think that the change could impact St. Joseph's Hospital in Buckhannon. According to the Buckhannon-Upshur Chamber of Commerce, St. Joseph's operated under the 'critical access' designation, under which it can't be within 15 miles of another hospital. Without CON, Mon Health will be able to move forward with relocating Mon Health Stonewall Jackson Memorial Hospital in Lewis County to the Buckhannon side of Interstate 79 at exit 99, which would put it within 15 miles of St. Joseph's.
Without the 'critical access' designation, St. Joseph's could lose $14 million in revenue, according to the chamber.
'If the Certification of Need legislation is repealed, Buckhannon's more than 100-year-old hospital, WVU Medicine St. Joseph's Hospital, will likely be forced to close,' the chamber said in an email newsletter, urging people to reach out to their legislators.
According to the chamber, leadership teams that represent every hospital in West Virginia, including WVU Medicine and Month Health, as well as the West Virginia Hospital Association, support keeping the CON.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CON or MEDP: Which Is the Better Value Stock Right Now?
CON or MEDP: Which Is the Better Value Stock Right Now?

Yahoo

timea day ago

  • Yahoo

CON or MEDP: Which Is the Better Value Stock Right Now?

Investors looking for stocks in the Medical Services sector might want to consider either Concentra Group (CON) or Medpace (MEDP). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Concentra Group and Medpace are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that CON has an improving earnings outlook. But this is only part of the picture for value investors. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. CON currently has a forward P/E ratio of 16.25, while MEDP has a forward P/E of 23.32. We also note that CON has a PEG ratio of 2.08. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. MEDP currently has a PEG ratio of 5.35. Another notable valuation metric for CON is its P/B ratio of 9.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, MEDP has a P/B of 14.36. Based on these metrics and many more, CON holds a Value grade of B, while MEDP has a Value grade of C. CON sticks out from MEDP in both our Zacks Rank and Style Scores models, so value investors will likely feel that CON is the better option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Concentra Group Holdings Parent, Inc. (CON) : Free Stock Analysis Report Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

Navigating the shifting certificate of need landscape: What healthcare leaders need to know
Navigating the shifting certificate of need landscape: What healthcare leaders need to know

Business Journals

timea day ago

  • Business Journals

Navigating the shifting certificate of need landscape: What healthcare leaders need to know

As certificate of need (CON) laws continue to evolve across the United States, healthcare executives are facing a regulatory landscape that is in rapid flux. These changes are opening the door to new growth opportunities — but also intensifying competition, escalating real estate costs, and increasing pressure on strategic planning. Historically, CON laws were implemented to regulate healthcare facility development, control costs, and prevent unnecessary duplication of services. But today, many states — including Florida, South Carolina, Tennessee, Georgia, West Virginia, Vermont, and Connecticut — have either significantly reformed or are actively reconsidering their CON programs. The result is a nationwide trend toward deregulation that is already reshaping how healthcare systems expand, compete, and invest in physical infrastructure. National trends driving market transformation Several consistent themes are emerging as states loosen or repeal CON requirements: Full or partial CON repeals are clearing the way for new market entrants and increased competition. Accelerated facility development, particularly in high-growth and suburban regions. Escalating real estate costs as health systems and providers rush to secure strategic locations. Evolution of delivery models, with a growing focus on outpatient care, ambulatory surgery centers (ASCs), and specialized facilities closer to patients. For leading health systems, these shifts present an opportunity to expand access and modernize service delivery. But for others, particularly in rural or highly saturated markets, the threat of being outpaced — or outspent — is very real. Strategic approaches to navigating CON reform To maintain a competitive edge, healthcare providers must act decisively. That means reassessing growth strategies, tightening execution, and rethinking how real estate supports long-term organizational goals. Based on trends across multiple markets, four strategies are emerging as critical: 1. Market planning and opportunity analysis Use predictive analytics, demographic trends, and competitive intelligence to identify growth markets and underserved populations. Health systems that move quickly to assess and prioritize expansion zones will be positioned to lead. 2. Real estate acquisition and adaptive controls Secure high-priority sites before demand drives up costs. In parallel, evaluate ownership models, ground leases, and control structures — such as purchase options and restrictive covenants — to ensure long-term flexibility and protection. 3. Prototype facility development Scalable, standardized facility designs allow providers to quickly deploy urgent care, imaging centers, ASCs, and other outpatient assets. With streamlined designs and pre-approved plans, systems can reduce time to market while maintaining operational consistency. 4. Strategic capital planning and partnerships Rising interest rates and capital constraints are prompting systems to reexamine their funding models. Third-party partnerships, developer relationships, and creative joint ventures can reduce financial risk and enhance speed to execution. Preparing for the future The shift in CON policy is no longer theoretical. It is happening now, and healthcare leaders must be ready. Strategic market assessments, sound real estate planning, and agile capital deployment will define the next wave of growth in healthcare. Is your health system positioned to adapt? To explore this topic further, download our white paper: ' Certificate of Need (CON): The Evolving Landscape – Is Your Health System Prepared? ' Additionally, access our best practice guide for actionable insights into facility development, market planning, and real estate acquisition: ' The Impact of Evolving CON Legislation on Healthcare Systems' Real Estate Strategies ' Or connect with our team to discuss how these reforms may impact your market and your real estate strategy. Realty Trust Group, LLC (RTG) is a national leader in providing comprehensive real estate solutions for the healthcare industry. Since 1998, we have worked alongside healthcare leaders to leverage real estate as a strategic asset helping to save money, manage risks, create physician alignment, and increase market share. For more information about RTG, visit Facebook, and LinkedIn, or call 865-521-0630.

Advocates help raise awareness in Harrison County for Alzheimer's and Brain Awareness Month
Advocates help raise awareness in Harrison County for Alzheimer's and Brain Awareness Month

Yahoo

time5 days ago

  • Yahoo

Advocates help raise awareness in Harrison County for Alzheimer's and Brain Awareness Month

CLARKSBURG, (WBOY) — June is Alzheimer's and brain awareness month, and here in West Virginia, more than 38,000 people aged 65 and older have been diagnosed with Alzheimer's or some sort of dementia, according to the Alzheimer's Impact Movement. And as the age of people diagnosed is decreasing, general concern is increasing. Advocates of the cause are helping raise awareness of Alzheimer's and brain health by speaking with local city councils. These advocates were granted a proclamation on behalf of the Harrison County Commission in its meeting on Wednesday, the Clarksburg City Council on Thursday, and will receive one from the Bridgeport City Council on Friday. 12 News spoke with Bill O'Field, Mission Chairman of the North Central Walk to End Alzheimer's, who spoke with doctors from the WVU Rockefeller Neuroscience Institute on what some of the key signs of dementia and Alzheimer's may look like. Harrison County commissioners split on future of Sunset Ellis property 'It's normal in the aging process to maybe forget a name or forget where you put your car keys, but then you find them. And maybe later in the day, the seniors say, 'but then I remember that name when I get home. The doctor said that's good.' That's just the normal aging process taking place. But it's when you can't cook for yourself, you don't know how to do your laundry, those are the true signs of Alzheimer's,' said O'Field. O'Field also mentioned to be wary of weight loss and depression, and to maintain a healthy diet and exercise, as a healthy body can help result in a healthy mind. The Harrison County Senior Center offers an Alzheimer's support group in its boardroom at 10 a.m. on the second Thursday of each month. You can call 304-623-6795 for more information. The North Central Walk to End Alzheimer's will also be held on Oct. 5 this year at the Meadowbrook Mall with registration beginning at 1 p.m. and the ceremony beginning at 2 p.m. For more information about Alzheimer's and local resources, you can call 800-272-3900 or click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store