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County nursing home authorized to apply for $500,000 line of credit amid federal-payment uncertainty
Summary
The finance committee authorized Bradley Health (the county-owned nursing home) to apply for a $500,000 line of credit to bridge payroll and cash-flow gaps while Medicare/Medicaid reimbursements are delayed; director Scott Oliver described draws to cover payroll and a plan to repay when reimbursements arrive.
Bradley County's finance committee unanimously approved a request allowing the county-owned nursing home (referred to in committee as Bradley Health) to apply for a $500,000 line of credit to cover short-term cash-flow needs.
Scott Oliver, the nursing-home director, told the committee that federal payment delays related to a federal shutdown have created uncertainty in Medicare and…
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