The board of commissioners of the North Broward Hospital District has voted to authorize Broward Health President and CEO Frank Nask to coordinate the transition of the Fort Lauderdale, Fla.-based healthcare system to a new community not-for-profit corporation, according to a Broward Health news release.
By allowing a not-for-profit corporation to manage daily operations, Broward Health will be able to pursue opportunities such as joint ventures and expansion of services to generate additional funds. "This resolution is a proactive response to impending changes in our operating environment brought about by federal healthcare reform," said Mr. Nask in the release.
The Board has scheduled four public workshops to discuss strategic planning matters and welcome public opinion related to the transition to a community not-for-profit corporation. The first meeting is scheduled for Wednesday, Sept. 29.
Read the Broward Health release on the Broward transition to not-for-profit status.
Read more coverage on Broward Health:
- Florida Governor Raises Concerns About North Broward Hospital District's Plans to Go Private
- CFO of Florida's Broward Health Resigns
By allowing a not-for-profit corporation to manage daily operations, Broward Health will be able to pursue opportunities such as joint ventures and expansion of services to generate additional funds. "This resolution is a proactive response to impending changes in our operating environment brought about by federal healthcare reform," said Mr. Nask in the release.
The Board has scheduled four public workshops to discuss strategic planning matters and welcome public opinion related to the transition to a community not-for-profit corporation. The first meeting is scheduled for Wednesday, Sept. 29.
Read the Broward Health release on the Broward transition to not-for-profit status.
Read more coverage on Broward Health:
- Florida Governor Raises Concerns About North Broward Hospital District's Plans to Go Private
- CFO of Florida's Broward Health Resigns