Latest news with #Hunsicker
Yahoo
20-05-2025
- Health
- Yahoo
Hospital CEO says Idaho Legislature not doing enough to support medical workforce
Sen. Scott Grow, R-Eagle, at left, and Rep. Wendy Horman, R-Idaho Falls, speak during the Joint Finance-Appropriations Committee on May 19, 2025, at the College of Eastern Idaho in Idaho Falls. (Clark Corbin/Idaho Capital Sun) IDAHO FALLS – Two health care professionals told members of the Idaho Legislature's budget committee Monday that they are not doing enough to produce the medical workforce the state needs and that doctors are leaving the state due to its strict abortion ban. The comments came during the Idaho Legislature's Joint Finance-Appropriations Committee's first day of spring meetings Monday in Idaho Falls. The Joint Finance-Appropriations Committee, or JFAC for short, is a powerful legislative committee that sets the budgets for every state agency and department. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The medical workforce debate started during a workforce panel discussion at the College of Eastern Idaho after Rep. James Petzke, R-Meridian, asked the panelists if the Idaho Legislature was doing enough to develop the kind of modern workforce Idaho employers and industries need. Eastern Idaho Regional Medical Center CEO Betsy Hunsicker didn't sugar-coat her answer. She immediately told Petzke the short answer is 'no.' 'It's very challenging, and we don't have OB-GYN coming in here,' Hunsicker said. 'We're not training general surgeons. We're not. Physicians generally practice where they train. So I think the training piece for residency for physicians is really probably something that needs to continue to grow.' Hunsicker and other panelists asked legislators to support two programs to help develop the state's workforce – medical residency programs and the Idaho Launch workforce training initiative championed by Gov. Brad Little. The discussion and the tension ratcheted up during a presentation later Monday given by Dr. Jennifer Cook, the OB fellowship director and associate director of the family medicine residency program at Full Circle Health in Boise. Cook was giving an overview of health education programs and talking about ways to bring more doctors to Idaho. Cook said huge swaths of Idaho are considered maternal care deserts, and the state ranks near the bottom nationally when it comes to physicians-per-capita. In addition to supporting incentives like loan repayment programs and investing in medical residencies and fellowships, Cook told legislators they could attract more doctors if they clarified the state's near total abortion ban to include the health of the pregnant mother – not just the life of the pregnant mother. 'Because right now, physicians are kind of scared to practice here, I'm not going to lie,' Cook told JFAC members. 'Because there's so much ambiguity – and I don't think that was intentional in any way, shape or form. I think people are trying to support their constituents – but it has led us to this gray area where we don't know what management is actually allowable, and that's really hard.' Cook said that ambiguity has real consequences. 'I had fellows who sat and watched a woman who was 19 weeks pregnant bleed and couldn't do anything about it, and just waited until she was so sick she was about to die,' Cook said. 'If that was your family, it would be really scary.' While she was talking, Rep. Josh Tanner, R-Eagle, turned to his neighbor, Rep. Dustin Manwaring, R-Pocatello, and said, 'that's not true.' Moments later, Cook briefly paused her presentation to JFAC members. 'I can see some eyes rolling,' Cook said. 'I can see you all rolling your eyes.' Cook then continued her presentation. When she fielded questions after her presentation, Rep. Steven Miller, R-Fairfield, and Tanner told Cook that they feel Idaho's abortion law is clear. Tanner told Cook he thinks the discussion is political. He said his conservative doctor friends tell him the law is clear, while people who lean left are 'going nuts' over the abortion law. In an interview with the Idaho Capital Sun after Cook's presentation, Tanner said the life of the unborn baby gets lost in the debate. 'The problem that I see that they run into is they're only looking at the aspect of the mom, keeping that person alive, and not the actual baby,' Tanner told the Sun. Tanner also referenced the University of Washington's Washington, Wyoming Alaska, Montana and Idaho, or WWAMI, medical program. 'Part of the problem, in my opinion, I think overall is where you look at the training aspect that they actually go through,' Tanner told the Sum. 'So when they're going through the WWAMI they're going through up in Washington, and some of the actual classes and how most of the doctors that I talked to have come out like they're fully like, 'Abortion is no different than needing stitches. It's no different than anything.' And I think they dehumanized that child at that point in time.' However, the University of Washington has said it does not use Idaho funds to teach courses related to abortion care, according to the Spokesman-Review. At a legislative hearing during the 2025 session, UW School of Medicine Vice Dean Suzanne Allen said the school would agree to Idaho's abortion laws and stipulations, according to the Spokesman-Review. 'The University of Washington does not spend any Idaho funds on abortion care or abortion training,' she said. In a statement regarding House Bill 176, which sought to defund Idaho WWAMI, UW said it was disheartened to see the Legislature discuss dissolving a more than 50-year partnership. 'The Idaho WWAMI partnership is required to teach the same content to our students that other medical schools are required to teach across the country to pass the national licensing exam,' the university stated. 'This includes women's health content such as normal labor and delivery as well as complications including miscarriages that require abortion procedures.' Although the Idaho Legislature adjourned April 4 and is not in session, JFAC often conducts interim meetings during the fall and spring to continue monitoring the state budget and take a closer look at agencies and programs that receive state funding. This is not the first time JFAC members have been told that the Idaho Legislature's abortion ban has made it harder to attract and retain physicians. During a different JFAC interim tour on Nov. 21, 2024, Idaho College of Osteopathic Medicine President Tracy Farnsworth told legislators the abortion ban has run off existing physicians and may be scaring away new ones. 'Many of you probably know this, with our current Idaho state abortion laws that provide very little, if any, opportunity to terminate a pregnancy for health because we don't have a health of the mother exception, we've lost roughly 25% of our OB-GYN,' Farnsworth said in November. 'We've gone from 200 to 150 OB-GYN, and we are hearing anecdotal evidence of a number of graduating OB-GYN residency students choosing not to come to Idaho because of fear of losing their license and (being) criminalized,' Farnsworth added. JFAC members did not vote on any budgets or any bills on Monday. JFAC's spring meetings continue Tuesday with a tour of community resource centers and the Idaho Department of Water Resources' Eastern Regional Office. JFAC's meetings are scheduled to conclude Wednesday with a tour of Idaho National Laboratory facilities. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Axios
02-04-2025
- Business
- Axios
Inside the numbers that led to CaaStle's fraud allegations
Christine Hunsicker, the founder and now-former CEO of fashion tech company CaaStle, isn't just being accused of fudging some numbers. It sounds like she may have built an entire Wonka factory. Zoom in: Axios has learned that Hunsicker last year told prospective investors that CaaStle generated $519 million in 2023 revenue. Audited financials sent on Saturday to shareholders show the actual revenue figure for the year ending Sept. 30, 2023 was only $15.7 million. But wait, there's more: Prospective investors also were told that fiscal 2022 revenue was $278 million, when it actually was $19.7 million. Projections for 2024 and 2025 revenue were $793 million and around $1 billion, respectively. Hunsicker also claimed that 2023 EBITDA was $91 million and virtually flat in 2022. The audited financials don't specifically include EBITDA, but do show a combined $135 million net loss for the two fiscal years with less than a combined $25 million for interest, depreciation, and amortization. Finally, prospective investors were told that CaaStle had hundreds of millions of dollars in cash as of mid-2024. If so, that's a heck of a trick. It ended Sept. 2023 with less than $1 million in cash and around $3 million in total assets, and then raised just under $60 million in subsequent funding. It's unclear if all prospective investors and shareholders received the same information, or if different data went to different audiences. Catch up quick: Axios on Monday was first to report that Hunsicker has resigned as CaaStl's CEO, after being accused by the board of financial misconduct. The company has raised over $530 million in venture capital, but now is nearly broke and just put all employees on a two-week furlough while it decides next steps. Meanwhile, P180 is trying to distance itself from Hunsicker, who recently co-founded the retail acquisition platform with industry vet Brendan Hoffman. In a statement, Hoffman says: "I am both shocked and saddened by the recent developments at CaaStle. Christine Hunsicker has stepped down as Chairman of P180 which operates as an independent entity. Our primary focus moving forward is to nurture and grow Vince Holding Corp. and support our investment in Altuzarra."
