Latest news with #JointCommission
Yahoo
3 days ago
- Business
- Yahoo
NUMC claims financial turnaround in 11th hour push against Hochul, state takeover
Nassau University Medical officials said the once financially challenged hospital doesn't need the state to step in because it has turned things around and is on track to net an $11 million profit this year. NUMC was once nearly $200 million in the red, but leaders are pushing back against a possible state takeover by touting major gains in patient care, national safety ratings, and expanded community health services. Gov. Kathy Hochul's budget deal with state lawmakers includes an agreement that could strip local control from the hospital board of directors and install a new state-run board, a move NUMC officials call unnecessary and 'politically motivated.' The language of the proposed changes have yet to be finalized though bugdet related bills can come to vote as early as this week, sources said. Hospital CEO Meg Ryan says thanks, but no thanks. Ryan, who joined the hospital's staff as CEO in 2024, doesn't believe a state takeover is necessary anymore, citing an operational and financial 180. 'Beyond finances, we've elevated patient care, earning improved national safety ratings, recertification with the Joint Commission's Gold Seal, and reaffirmation as a Level One Trauma Center, while expanding clinical services and launching a mobile mammography center to serve thousands of women annually,' Ryan told The Post in a statement. She said NUMC has seen a dramatic turnaround in recent years, taking a hospital that residents once avoided and upgrading it into a state-of-the-art medical facility — now home to a level-one trauma center, Nassau's only burn unit and hyperbaric chamber, primary care offices, dentists, and more. However, allegations of fraud and fiscal mismanagement ringing in from both sides sparked a federal investigation — with NUMC's recently fired chairman, Matthew Bruderman, blowing the whistle on an alleged scam he claims to have uncovered where the state was withholding funds from the hospital in an elaborate scheme that has overshadowed the hospital's improvements. On Wednesday, nearly 300 workers and supporters rallied outside the East Meadow hospital, demanding Hochul remove any language related to a state takeover budget, and invited the governor for a tour to see the turnaround for herself. Hospital leaders like Marissa Plotkins, the director of special projects, organized the rally to send a message to the governor that a state takeover is not needed or wanted — calling the language in the budget 'sneaky business,' and claiming the state is attempting to close the hospital with this move. However, The Civil Service Employees Association — the union representing most hospital staff — recently wrote a letter to members supporting Hochul's plans. The union said a new board of directors is needed, calling the claims that the state wants the hospital to fail 'bogus.' The union also said that NuHealth, the public benefit company that runs the hospital, is nearly $500 million in debt to the state, which hospital leaders denied — calling the union's support for the state's takeover 'treasonous' to the hospital. Meanwhile, Hochul believes she is setting out to do what is best for the patients in Nassau. 'NUMC leadership continues its bizarre PR campaign based on ridiculous lies and scare tactics. The amount of time and resources they have spent on this foolishness is absurd,' Hochul's Long Island press secretary, Gordon Tepper, told The Post. 'The state's focus at NUMC remains on patient care and the hospital's fiscal stability. That's all that matters — everything else is just noise.'
Saudi Gazette
22-05-2025
- Business
- Saudi Gazette
Al-Ibrahim: Saudi Arabia develops smart legislation and digital systems to meet needs of investors
Saudi Gazette report RIYADH — Minister of Economy and Planning Faisal Al-Ibrahim emphasized that Saudi Arabia is now opening its doors to the world and has a roadmap in line with Vision 2030. "The Kingdom has developed smart legislation and digital systems to meet the needs of international investors. There are significant changes not only in the regulations and laws governing investment and business, but also in the way business is conducted, adopting smart systems, digital transformation, and regulations focusing on attracting investment," he said while addressing the Saudi-Spanish Business Forum in Riyadh on Thursday. Al-Ibrahim said that Saudi Arabia is advancing toward global competitiveness and a knowledge-based economy. "Since the launch of Vision 2030, private investments in non-oil sectors have grown by 70 percent, fueled by over 900 economic and structural reforms that have boosted investor confidence and streamlined the business environment. This is in addition to issuing more than 36,000 business licenses," he said noting that there are more than 6,000 companies operating in the Kingdom. Referring to the Saudi – Spanish investment relations, Al-Ibrahim said that there have been investments exceeding $3 billion over three decades, with more than 200 Spanish companies operating in the fields of healthcare, agriculture, real estate, and digital technology. "These numbers reflect the strength and momentum of the growing partnership between the Kingdom and Spain, as Spanish expertise plays a vital role in the Kingdom's transformation," he said, adding that the forum aims to explore new opportunities, strengthen partnerships, and formulate further cooperation, with the goal of creating added value across various sectors. The visiting Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero also addressed the forum, which saw the participation of more than 300 Saudi and Spanish officials and investors. The forum was organized by the Federation of Saudi Chambers of Commerce in collaboration with the Ministry of Economy and Planning and the Ministry of Investment. Earlier on Wednesday, Caballero co-chaired the fourth session of the Saudi-Spanish Joint Commission. The Saudi-Spanish Joint Commission is centered on the shared commitment to fostering a prosperous future partnership, grounded in mutual economic interests and strengthening trade and investment relations between the two countries. Al-Ibrahim andSeveral current and upcoming initiatives were discussed, with a focus on enhancing economic, social, and cultural ties between the Kingdom and Spain. These initiatives highlight the strength of relations and the mutual commitment of both sides to expanding cooperation across various sectors.
Arab News
22-05-2025
- Business
- Arab News
Saudi Arabia, Spain sign MoU to boost SME sectors and deepen economic ties
RIYADH: Saudi Arabia and Spain are set to strengthen cooperation between small- and medium-sized enterprises thanks to a wide-ranging agreement across key sectors. The memorandum of understanding, signed by Saudi Minister of Economy and Planning Faisal Alibrahim and Spanish Minister of Economy, Trade and Business Carlos Cuerpo in Riyadh, outlines joint efforts in economic modeling and policy-making. It aims to back SMEs through partnerships and initiatives, as well as facilitating joint projects and bilateral participation in economic events, according to a statement by the Ministry of Economy and Planning. The agreement comes as the Kingdom's Vision 2030 plan aims to further elevate the SME sector's contribution to 35 percent of the gross domestic product by the end of the decade as part of its economic diversification initiative. The signing of the agreement coincided with the fourth session of the Saudi-Spanish Joint Commission, which convened in Riyadh. The meeting was co-chaired by Al-Ibrahim and Cuerpo, with senior officials from both countries in attendance. 'Officials from both sides joined the session to discuss ongoing and future initiatives aimed at enhancing economic, social, and cultural collaboration between the two countries,' the Ministry of Economy and Planning said on X. The session focused on strengthening economic, social, and cultural ties, reflecting the deep-rooted partnership and shared ambitions between the Kingdom and Spain. The MoU also includes the exchange of information and statistics related to industry, technology and innovation with the objective of achieving sustainable development goals within the framework of Saudi Vision 2030. In an interview with Al Arabiya, Cuerpo described the relationship between Saudi Arabia and Spain as a strong and deepening economic partnership, highlighting the Kingdom's central role as the European country's primary trade partner in the region and noting the steady growth in bilateral trade in recent years. 'I say over the past three years, it's grown by 13 percent. Investment has grown, also, heavily over the past few years. But there is still room for us to grow, for us to further collaborate and further diversify our relations, particularly in terms of investment, and particularly also in terms of the presence of Spanish companies here and also of Saudi companies in Spain,' Cuerpo said. He continued: 'Just look at the presence of Spanish companies in the Kingdom, it has grown by 60 percent over the course of the past three years, and in particular in key sectors for the Vision 2030 like energy, infrastructure or others — water, for example.' In October, Bandar Alkhorayef, minister of industry and mineral resources, discussed ways to develop economic relations with Cuerpo and increase Spain's investments in Saudi Arabia. Alkhorayef highlighted the goals of Saudi Vision 2030 to diversify the Kingdom's economy and, through various incentives, attract foreign investment in the industrial and mining sectors.
Business Recorder
13-05-2025
- Politics
- Business Recorder
Türkiye envoy greets Pakistan PM Shehbaz
ISLAMABAD: Türkiye's Ambassador to Pakistan Irfan Neziroglu on Monday congratulated Prime Minister Shehbaz Sharif and Pakistani nation on their military and diplomatic success, saying Turkish people were thrilled with Pakistan's achievements and praised its commitment to peace in South Asia. The Turkish ambassador is the first-ever top foreign diplomat who met the prime minister and openly congratulated the prime minister over its crushing response to India, which led to a ceasefire between the two archrivals. During a meeting with Prime Minister Shehbaz Sharif at the Prime Minister's Secretariat, the ambassador said that President Erdogan was keen to further strengthen the strong fraternal ties between the two countries in every sphere and high level institutional engagements would continue in this regard. Turkiye shows 'strong solidarity' with Pakistan following Indian missile attacks During their meeting, the prime minister expressed his profound gratitude to President Erdogan for standing resolutely with Pakistan during the recent tensions in South Asia. Through his steadfast support, he added, President Erdogan had demonstrated, once again, his love and affection for the people of Pakistan. He also thanked the brotherly people of Türkiye, who stood firmly behind their Pakistani brethren during these challenging days, thus, adding a new and glorious chapter in the history of Pakistan-Türkiye fraternal ties. While paying rich tribute to the valiant Armed Forces of Pakistan, who out-manoeuvred the enemy and dealt a crushing blow to its nefarious designs through the successful conduct of 'Operation Bunyan-un-Marsoos', PM Sharif stated that the entire nation was thankful to the Almighty on this historic victory. He reaffirmed that Pakistan had always desired peace in South Asia but would never accept any violation of its sovereignty and territorial integrity, adding it was in this spirit that Pakistan had agreed to accept the ceasefire understanding with India. On the bilateral front, the prime minister expressed his satisfaction at the positive trajectory of Pakistan-Türkiye brotherly ties, that were moving at a fast pace since the historic visit of President Recep Tayyip Erdogan to Islamabad in February this year. Recalling his visit to Ankara in April, PM Sharif stressed upon the need to ensure timely implementation of all the important decisions taken during the high-level meetings between both countries. In this regard, he said the Joint Commission at the level of foreign ministers of the two countries may be convened as soon as possible. Copyright Business Recorder, 2025
Business Recorder
13-05-2025
- Politics
- Business Recorder
Türkiye envoy greets PM
ISLAMABAD: Türkiye's Ambassador to Pakistan Irfan Neziroglu on Monday congratulated Prime Minister Shehbaz Sharif and Pakistani nation on their military and diplomatic success, saying Turkish people were thrilled with Pakistan's achievements and praised its commitment to peace in South Asia. The Turkish ambassador is the first-ever top foreign diplomat who met the prime minister and openly congratulated the prime minister over its crushing response to India, which led to a ceasefire between the two archrivals. During a meeting with Prime Minister Shehbaz Sharif at the Prime Minister's Secretariat, the ambassador said that President Erdogan was keen to further strengthen the strong fraternal ties between the two countries in every sphere and high level institutional engagements would continue in this regard. Turkiye shows 'strong solidarity' with Pakistan following Indian missile attacks During their meeting, the prime minister expressed his profound gratitude to President Erdogan for standing resolutely with Pakistan during the recent tensions in South Asia. Through his steadfast support, he added, President Erdogan had demonstrated, once again, his love and affection for the people of Pakistan. He also thanked the brotherly people of Türkiye, who stood firmly behind their Pakistani brethren during these challenging days, thus, adding a new and glorious chapter in the history of Pakistan-Türkiye fraternal ties. While paying rich tribute to the valiant Armed Forces of Pakistan, who out-manoeuvred the enemy and dealt a crushing blow to its nefarious designs through the successful conduct of 'Operation Bunyan-un-Marsoos', PM Sharif stated that the entire nation was thankful to the Almighty on this historic victory. He reaffirmed that Pakistan had always desired peace in South Asia but would never accept any violation of its sovereignty and territorial integrity, adding it was in this spirit that Pakistan had agreed to accept the ceasefire understanding with India. On the bilateral front, the prime minister expressed his satisfaction at the positive trajectory of Pakistan-Türkiye brotherly ties, that were moving at a fast pace since the historic visit of President Recep Tayyip Erdogan to Islamabad in February this year. Recalling his visit to Ankara in April, PM Sharif stressed upon the need to ensure timely implementation of all the important decisions taken during the high-level meetings between both countries. In this regard, he said the Joint Commission at the level of foreign ministers of the two countries may be convened as soon as possible. Copyright Business Recorder, 2025
