Clyde, N.C.'s Haywood Regional Medical Center will pay former CEO David Rice $150,000 in an out-of-court settlement, according to a Smoky Mountain News report.
Mr. Rice publicly resigned in 2008 after HRMC lost its Medicare and Medicaid status, causing a loss of $10 million in addition to many patient customers, private insurers and employees.
Mr. Rice filed a lawsuit in 2010 claiming he was fired without cause and cheated out of promised payment. He alleges the hospital board verbally agreed to pay his salary of $199,000 and benefits through 2009 if he would say he resigned.
The hospital had filed a countersuit claiming they did not fire Mr. Rice but would have had sufficient cause to do so. According to the report, the hospital settled to end the long-lasting conflict and to avoid continuing to pay attorneys.
Mr. Rice had served as CEO for 15 years.
Read the Smoky Mountain News report on David Rice.
Read more coverage on Haywood Regional Medical Center:
- CEO Named for North Carolina's MedWest Health System
- Two North Carolina Hospitals Merge to Form Single Health System
- Carolinas Health Care to Manage Haywood/WestCare Integration
Mr. Rice publicly resigned in 2008 after HRMC lost its Medicare and Medicaid status, causing a loss of $10 million in addition to many patient customers, private insurers and employees.
Mr. Rice filed a lawsuit in 2010 claiming he was fired without cause and cheated out of promised payment. He alleges the hospital board verbally agreed to pay his salary of $199,000 and benefits through 2009 if he would say he resigned.
The hospital had filed a countersuit claiming they did not fire Mr. Rice but would have had sufficient cause to do so. According to the report, the hospital settled to end the long-lasting conflict and to avoid continuing to pay attorneys.
Mr. Rice had served as CEO for 15 years.
Read the Smoky Mountain News report on David Rice.
Read more coverage on Haywood Regional Medical Center:
- CEO Named for North Carolina's MedWest Health System
- Two North Carolina Hospitals Merge to Form Single Health System
- Carolinas Health Care to Manage Haywood/WestCare Integration