City and hospital to set transition committee amid revenue problems
March 1, 2018
Assembly members commiserated with city and hospital staff on Monday to discuss how to move forward on new organizational arrangement at Wrangell Medical Center.
Currently the hospital is a public asset, managed by the City and Borough of Wrangell. For several years it has been contending with inconsistent revenues and cash reserve concerns, and in the event of a default the city would be liable for any outstanding debts. In 2015 the Assembly approved a reserve source of interest-free funds of up to $500,000 for WMC to draw from in case of emergency.
At the meeting of WMC’s governing boar...