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Gov. Evers Calls Joint Finance Committee into Special Meeting

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Gov. Evers Calls Joint Finance Committee into Special Meeting

MADISON, Wis. (OFFICE OF GOVERNOR TONY EVERS PRESS RELEASE) – Gov. Tony Evers today approved Senate Bill (SB) 1015, now 2023 Wisconsin Act 97, securing $15 million in crisis response resources to support healthcare access in Western Wisconsin in the wake of the recent announcement of HSHS and Prevea Health’s decision to close several locations. In addition to severely impacting healthcare access in the area, according to the Wisconsin Department of Workforce Development (DWD), the closures have been estimated to impact approximately 1,400 workers, among others, in the surrounding region.

Gov. Evers today approved Act 97 with improvements through line-item vetoes that will provide additional flexibility for the $15 million crisis response investment, enabling the resources to be used to fund any hospital services meeting the area’s pressing healthcare needs, including urgent care services, OB-GYN services, inpatient psychiatry services, and mental health substance use services, among others. Without the governor’s vetoes, these services would not have been eligible under SB 1015. Gov. Evers first made the announcement today in Madison while speaking with community leaders from the Chippewa Valley region at the Chippewa Valley Rally, an annual event organized by the Chippewa Valley Chamber Alliance, which represents the Chippewa Falls, Menomonie, and Eau Claire Chambers of Commerce.

“Recent hospital closures in Western Wisconsin have disrupted Wisconsinites’ ability to access basic, everyday healthcare services and uprooted the lives and livelihoods of hundreds of folks and their families,” said Gov. Evers. “My administration and I are working to do everything we can to support those workers and their families, as well as folks across the area who need to be able to access basic and emergency healthcare services alike.

“I’m proud to be securing $15 million in crisis response funding while using my constitutional veto authority to make improvements to ensure more flexibility so these critical resources can be used for any hospital services to meet the healthcare access needs of the Chippewa Valley region, no matter what they may be,” Gov. Evers continued. “It’s been clear in my visits to the Chippewa Valley region and my conversations with community leaders that the impacts of these recent closures do not end at hospital emergency doors—these closures are affecting access to critical healthcare services across the board, and we have to be responsive to these challenges to meet Wisconsinites’ and communities’ needs.”

SB 1015, as passed by the Wisconsin State Legislature, included unnecessary restrictions on the $15 million crisis response funding, limiting the funds to be used only for hospital emergency department services exclusively. The governor’s partial vetoes improve the bill significantly, broadening the scope of the grants that will be available under the bill and allowing the Wisconsin Department of Health Services (DHS) to make the crisis response funds available for any hospital services that meet the needs of the region.

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Concurrent with the governor’s announcement today, Gov. Evers also directed DHS to submit an official request to the Wisconsin State Legislature’s Republican-controlled Joint Committee on Finance to immediately release the $15 million provided for under Act 97. A copy of the request submitted by DHS to the Joint Committee on Finance today is available here. The plan request submitted by DHS reflects the governor’s improvements made to the bill today.

“I’m urging Republicans on the Joint Committee on Finance to approve the department’s request quickly to ensure these resources are immediately available to help stabilize and support healthcare access across the Chippewa Valley region, and to do so without delay,” concluded Gov. Evers. “This investment will go a long way in helping address the very real and pressing healthcare access concerns facing Western Wisconsin, and it is critically important that we get this funding out the door to folks who need it.”

Upon Joint Committee on Finance approval of the DHS’ request, the department will conduct a competitive grant application process for the $15 million in funding for eligible hospitals and hospital services meeting the following criteria:

  1. Eligible hospital services are those provided in the Western Region, with priority for hospitals in Eau Claire and Chippewa Counties.
  2. Grantees must agree to expand capacity (capital and operational) at hospitals (defined as entities with DHS 124 license) that accept all payor types (commercial (consistent with existing networks), Medicaid, Medicare, self-pay, and uninsured) including any of the following services:
  • Increase Emergency Department capacity/service, including accepting patients in crisis in need of potential evaluation under Chapter 51.
  • Expand Urgent Care Services.
  • Expand Inpatient Psychiatric Unit accepting adults and/or adolescents. The unit must accept emergency detentions under s. 51.15 and voluntary admissions.
  • Expand Inpatient OB/GYN services.
  • Expand mental health and/or substance use services.
  • Expand or establish hospital-owned and operated ambulance service to transfer patients to an appropriate patient care setting.

3. Any expansion of services begun on or after January 22, 2024, is eligible for the grant funds.

The governor’s veto message detailing his partial vetoes of SB 1015, now Wisconsin Act 97, is available here.

EVERS ADMINISTRATION’S RAPID RESPONSE TO HEALTHCARE CLOSURES IN WESTERN WISCONSIN

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While not exhaustive, details regarding the Evers Administration’s ongoing rapid response efforts to the HSHS and Prevea health systems closures are available here and detailed below.

DWD Rapid Response Efforts

  • DWD is coordinating rapid response with the local workforce development board. The rapid response support includes assistance with job search and placement, unemployment insurance application assistance, interview preparation, career counseling, and navigation of childcare and health insurance information, among other resources.
  • DWD’s rapid response teams are continuing to gather critical information, meet with the affected employees and employers, and identify opportunities to connect affected employees with new opportunities that provide family-supporting wages.
  • DWD and the local workforce development board hosted community job fairs to assist affected workers and the general public on February 7 and February 20.
  • DWD worked with the local rapid response team to offer 11 information sessions in affected communities.
  • DWD continues to coordinate with DHS and other state agencies to support continuity of healthcare services in the region.
  • Additional services will be made available via DWD’s mobile career labs and job centers for affected employees.

DHS Rapid Response Efforts

  • DHS has met with both the local leadership and the systemwide leadership of HSHS and Prevea Health, and the department will continue to have regular meetings with these leaders moving forward.
  • DHS is facilitating conversations between the leadership of HSHS and Prevea Health and the leadership of other regional healthcare systems, including Marshfield Clinic Health System and Mayo Clinic Health System, and is continuing to urge the three systems to increase transparency in their planning and decision-making.
  • DHS will continue to monitor EMS, trauma, and crisis response going forward, in addition to ongoing transition and continuity of care planning, including:
  • Coordination of an agreement to transfer certain patients from HSHS to Mayo Clinic; and
  • Necessary steps to ensure all local OB/GYNs have privileges at all local hospitals so they can continue to provide care locally regardless of the facility at which they are working. This is particularly important given the pre-existing shortages with regard to OB/GYN care in the region.
  • DHS’s Bureau of Human Resources has notified employees of the department’s Northern Wisconsin Center, who mostly use Prevea Health and HSHS, and the bureau is working with them to help them find care.
  • DHS is conducting outreach to facilities and organizations to encourage them to have a presence at upcoming job fairs in the region, including long-term care facilities, assisted living facilities, DHS-administered facilities, etc.

Wisconsin Office of the Commissioner of Insurance (OCI) Rapid Response Efforts

  • OCI is in communication with Western Wisconsin insurers about their efforts to maintain access and provide timely information for their policyholders.
  • OCI continues to be in contact with health insurance enrollment assisters in the region to answer questions and support their efforts to provide clarity for insureds impacted by the closures.
  • OCI has been in contact with the Wisconsin Department of Employee Trust Funds (ETF) on State Employee Health Plan issues to monitor the situation.
  • OCI has been in contact with the Department of Labor Employee Benefits Security Administration to ensure they are aware of the situation and prepared to support people with employer-based coverage impacted in the area.

ABOUT THE DISLOCATED WORKER PROGRAM

The Dislocated Worker Program provides transition assistance to workers and companies affected by permanent worker layoffs. The rapid response teams help companies and worker representatives develop and implement a practical transition plan based on the size of the layoff event. Types of services include:

  • Pre-layoff workshops on a variety of topics, such as resume writing and interviewing, job search strategies, and budgeting;
  • Provision of information about programs and resources through written materials and information sessions; and
  • Career and resource fairs.

Workers affected by a permanent layoff may also access basic re-employment services at no charge through the state’s Job Centers. Certain services, including training assistance, may be an option for some workers after enrolling in one or more of DWD’s workforce development programs. Additional information on the Rapid Response Team process is available here.

Gov. Evers today also vetoed SB 1014. The governor’s veto message for SB 1014 is available here.

An online version of this release is available here.

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Finance

Planful’s New Product Innovations Enable Finance Automation, Collaboration, and Innovation

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Planful’s New Product Innovations Enable Finance Automation, Collaboration, and Innovation

New Technology, Ideas, and Strategies Shared at Perform24 Support Finance, Accounting, Marketing, and HR Leaders Go Beyond to Drive Peak Financial Performance

SAN FRANCISCO, May 15, 2024 /PRNewswire/ — Planful Inc., the pioneer of financial performance management cloud software, announced today, as part of the Perform24 theme to “Go Beyond,” an array of product advancements tied to three key pillars: Automate, Collaborate, and Innovate. The company unveiled the future of Planful AI, new Planful for Workforce and Planful for Marketing capabilities, connectors with Snowflake and Microsoft Power BI, and more. The company also debuted the Solution Hub, an all-new searchable collection of pre-built solutions, open for anyone to explore, and for customers to configure. With these advancements, Planful is bringing increased value to large and fast-growing organizations and supporting their business leaders in driving peak financial performance.

“Achieving successful financial performance management requires a highly-collaborative effort and organizations who treat it as a team sport will thrive and outperform their competitors,” said Steve Welsh, Chief Product Officer, Planful. “Planful’s purpose-built product delivery and vision is an intentional result of working with our customers to make that team effort easier, faster, and more connected by unlocking the data teams need to make confident decisions.”

Innovate: The Future of Planful AI

The company announced the extended vision for Planful AI and significant investments that will bring its first generative AI experience to customers later this year. Finance and business leaders will have access to a unified suite of Planful AI solutions that include:

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  • Operational automation that anticipates tasks and processes, recommends next steps, and gathers insights into how a process is running and if a reminder is needed to complete data inputs for a forecast
  • Analytics and decision support for both simple and complex, time-consuming scenario analysis that anticipates tasks to uncover variances and the meaning behind the numbers, while also suggesting next steps to further the analysis when business leaders are evaluating key business decisions

These new generative AI capabilities will complement the company’s existing, industry-leading Planful Predict AI/ML suite of solutions, which have been foundational in automating forecasting, error detection, and manual processes for businesses worldwide.

Collaborate: New Capabilities for Planning as a Team Sport 

At Perform24 the company introduced new solution advancements, including Planful for Workforce capabilities and Planful for Marketing features, that improve business outcomes by facilitating collaboration and unlocking access to data across teams.

The new Planful for Workforce capabilities announced at Perform will enable Finance and People leaders to collaborate directly in the platform to generate actionable insights. These capabilities include advanced analytics, actuals data loading at the most granular level, multi-currency capabilities for employee and compensation item planning, and more. With almost 90% of Planful customers using Planful for Workforce, users will be able to leverage their existing data to rapidly conduct complex scenario analysis in managing their most valuable asset–people.

The latest Planful for Marketing advancements include a new integration with Coupa; further reporting enhancements, including custom fields and attributes; and new forecasting capabilities.

Automate: Frictionless Access to Data

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Planful introduced several new connectors that will further support customers with their overall data strategy. A new connector with Snowflake, a data-cloud company, enables governed access to limitless volumes of financial performance and other business data. This integration will meet the growing need of enterprises to share data, build AI/ML applications, and power business growth using a modern data infrastructure. It will also reduce friction, speed data access, and enable highly-complex financial modeling and calculations. The new connector with Microsoft Power BI, an interactive data visualization software product, accommodates the consumption of Planful data to augment with other data sources natively in Power BI.

Protective Industrial Products, a global leader in personal protective equipment that offers an extensive range of over 20,000 products, leverages the Planful platform for agile and efficient planning as it continues to expand its market reach and diversify its offerings through many strategic acquisitions. “Planful’s automation capabilities have greatly streamlined our acquisition processes,” said Mark Smith, Director, Corporate FP&A at Protective Industrial Products, and a speaker at Planful Perform24. “Planful has become a must-have tool for our team and we integrate it into each of our newly acquired entities. Its automation capabilities not only help to simplify acquisition processes, but also enhance our consolidation and workforce planning in a very dynamic M&A environment.”

New Early Adopter Program

Customers can now join an early adopter program with Planful to gain access to a range of unreleased product advancements and find opportunities to co-innovate and trial Planful AI. With this new program, Planful continues to prioritize product development that is closely attuned to practical customer needs and top feedback.

Watch Perform24 live today or on demand later this week to hear what Planful customers and industry thought leaders are saying about driving peak financial performance.

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About Planful

Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately. More than 1,400 customers, including 23andMe, Bose, Boston Red Sox, Five Guys, and Zappos, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at planful.com.

Additional Resources
Hear from Planful customers.
Learn what Planful can do for finance, marketing, HR, and other teams.
Join the conversation on 
LinkedIn, Twitter, or Facebook.

SOURCE Planful, Inc.

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Everton: Premier League club offered loan to complete new stadium

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Everton: Premier League club offered loan to complete new stadium

777 Partners agreed to buy current owner Farhad Moshiri’s 94% stake in September, but there is increasing question marks over the takeover following concerning developments around the Miami-based firm.

On Tuesday, Moshiri extended the sales and purchase agreement until the end of this month, giving 777 more time to try to complete the deal.

One of the conditions imposed by the Premier League for 777 to be given the green light is to fund about £100m for the completion of the club’s new stadium.

Costs for the project have spiralled from an initial £500m to more than £800m, which was disclosed in Premier League documents relating to the club’s appeal over their 10-point deduction for breaching financial rules.

GDA Luma describes itself as providing “capital solutions” to companies facing “complex financial and operational challenges”.

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Earlier this month, 777 held discussions with the firm to see whether debt financing could be offered.

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Aadhar Housing Finance share price jumps 8% after flat debut. Buy, sell or hold?

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Aadhar Housing Finance share price jumps 8% after flat debut. Buy, sell or hold?

Aadhar Housing Finance, a unique retail-oriented home finance company, stands out with its specialization in low-income housing. Today, its shares had a flat listing on the Indian exchanges. Aadhar Housing Finance shares were listed on BSE at 314.30 per share mark while the stock listed on NSE at 315 apiece, which was almost at par with the upper price band of 315 per equity share of the Aadhar Housing Finance IPO. However, the newly listed stock witnessed strong buying post-listing and touched intraday high of 341.95 apiece on BSE and NSE. Stock market experts believe that the newly listed stock is a good portfolio stock, and positional investors can hold the stock for the long term.

Aadhar Housing Finance share price outlook

Discussing the listing of Aadhar Housing Finance shares, Prashanth Tapse, Senior VP — Research at Mehta Equities, expressed, “Despite the subdued market conditions, Aadhar Housing Finance’s listing was slightly below street expectations. The company’s focus on the rapidly growing low-income housing segment, which is projected to be the fastest sub-segment within the housing finance industry, has garnered a decent subscription demand. With its reasonable valuations, it presents a promising long-term investment opportunity for conservative investors.”

Also Read: TBO Tek share price dips after bumper debut. Should you buy in this correction?

With a positive outlook for the affordable low-income housing segment, driven by government initiatives such as housing for all and infrastructure status for affordable housing, Aadhar Housing Finance is well-positioned for growth. Its reasonably priced ask valuations compared to industry peers, growing Gross AUM and Net Worth, stable average ticket size of loans, and increasing penetration into tier 4 and tier 5 towns all indicate sound financial health and potential for further expansion. Given the long-term optimistic sector outlook, we recommend allotting investors to “HOLD” for a long-term perspective,” a Mehta Equities expert said.

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Reiterating the company’s specialization in low-income housing, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, stated, “Aadhar Home Finance Ltd. is a retail-oriented home finance company that excels in serving the low-income housing market. It caters to economically weaker consumers with middle-to-low incomes who require small-ticket mortgage loans. Offering a range of mortgage-related loan products, such as loans for acquiring and constructing commercial real estate, home remodelling and extension loans, and loans for purchasing and constructing residential real estate, the company is well-positioned for future growth. We advise investors to consider this potential and hold their investments for medium to long-term rewards.”

“On the financial front, Aadhar Housing Finance reported the second-highest return on equity in FY23 at 15.9%. As we advance, we expect operational performance to improve, led by the dominant low-income housing segment, low cost of borrowing, and higher return ratio among peers. We thus advise investors who have received allotment to hold shares from a medium to long-term perspective,” said Shreyansh Shah, Research Analyst at StoxBox.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 15 May 2024, 11:53 AM IST

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