BATON ROUGE, La. (AP) - The LSU Board of Supervisors has approved an agreement that would allow private companies to manage and operate public hospitals in New Orleans and Lafayette.
The Advocate reports the "cooperative endeavor agreements" approved Wednesday call for the changes to begin June 24, a week before the end of the current fiscal year.
Under one agreement, Louisiana Children's Medical Center takes over the charity hospital in New Orleans and the $1.2 billion academic medical complex currently under construction. In the other agreement, Lafayette General Health System will become the operator of University Medical Center.
The deals include financial arrangements for private administrators to lease the buildings and equipment and financial reimbursement terms for Medicaid and uninsured patients who are treated in the facilities.