Dallas County approves funding for Metrocare CFO amid projected $18M loss

Metrocare, Dallas County's largest provider of help to individuals struggling with mental health disorders and intellectual disabilities, is facing a desperate financial situation.Financial Crisis at MetrocareMetrocare serves more than 55,000 adults and children each year in Dallas County, providing mental health, developmental disability, and permanent supportive housing services.But, Dallas County Auditor Timothy Hicks projects the county-funded health provider will lose $18 million this year. In his "Metrocare Survival Plan," Hicks wrote that the agency is in a managed financial recovery phase with significant liquidity stress, forecast reliability concerns, and structural operating imbalances.To find out exactly where Metrocare stands financially, Dallas County Commissioners approved $600,000 during a special called meeting last week to bring in an interim chief financial officer. Hicks told commissioners that while he did not have direct access to Metrocare's books, he estimates t
This article was originally published by FOX 4 Dallas. Read the full story at the source below.
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