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Bio Med, University Health Fire Back At LSU President

After LSU President, F. King Alexander, stated last week that most of the financial issues with the LSU Med Center in Shreveport were due to the public private partnership Bio Med Research, University Health has issued their own statement pointing the finger back at LSU.

They accuse the LSU system of questionable financial management and say that Alexander is misdirecting attention from the school’s shortcomings and lack of transparency. They went on to say that since privatization, University Health has paid LSU more than $380 million in addition to the annual state budget allocation it receives, and yet the medical school remains in such critical financial condition that the Louisiana Board of Regents recently put it on fiscal watch.

According to the press release, Steve Skrivanos, chairman of the University Health System Board of Managers said this:

Rather than attempting to wrongly blame the BRF and University Health for its fiscal crisis, LSU President King Alexander should be looking into the questionable financial practices at the School of Medicine. Questionable financial management at the LSU School of Medicine is threatening one of North Louisiana’s most important assets and the community deserves transparency and accountability from LSU at this critical time.

The real question LSU President Alexander should be asked is what happened to the money? More importantly, community leaders in North Louisiana should be demanding answers from the LSU School of Medicine, a taxpayer-supported public institution, about how the school’s financial management created a crisis that threatens the future of maintaining graduate medical education in north Louisiana.

Former Shreveport Mayor and State Representative Cedric Glover with us on the air last week making claims that this is a designed effort from some to put LSU Health in Shreveport out of business. You can listen to his statement below.

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