Tag: West Virginia University’s Bureau of Business and Economic Research

Economic Report Indicates West Virginia is in Recession

A new report indicates that West Virginia is in an economic recession.

The Register-Herald reports that the Mountain State Business Index has found that West Virginia has seen deterioration in economic activities since the spring of 2015.

The economic recession has been largely a result of the decline in the coal industry. The index found that in March there was a 3.1 percent month-to-month decline in coal production. It also found that there were month-to-month gains registered for natural gas production.

The index combines seven economic indicators to measure the expected swings in the state’s economic activity.

John Deskins, director of West Virginia University’s Bureau of Business and Economic Research, says the state’s recession is expected to continue into the summer. He says that outcomes vary across the state.

Economic Report Indicates West Virginia is in Recession

A new report indicates that West Virginia is in an economic recession.

The Register-Herald reports that the Mountain State Business Index has found that West Virginia has seen deterioration in economic activities since the spring of 2015.

The economic recession has been largely a result of the decline in the coal industry. The index found that in March there was a 3.1 percent month-to-month decline in coal production. It also found that there were month-to-month gains registered for natural gas production.

The index combines seven economic indicators to measure the expected swings in the state’s economic activity.

John Deskins, director of West Virginia University’s Bureau of Business and Economic Research, says the state’s recession is expected to continue into the summer. He says that outcomes vary across the state.

Report Says Combining Health Departments Could Save State Millions

A report says West Virginia could save $12.5 million or more by consolidating dozens of county health departments into nine multicounty districts.

The report was released Tuesday by West Virginia University’s Bureau of Business and Economic Research during a news conference with the state Department of Health and Human Resources.

In the report, Mid-Ohio Valley Health Department Executive Director Drema Mace estimated almost $12.5 million in savings by consolidating redundant positions.

The report says local health departments may also have millions of dollars of untapped revenue potential.

It suggests billing third-party payers directly, including Medicaid, Medicare and private insurance companies. Consolidation would give departments the resources to move billing processes in-house and collect on services they already provide.

The report says combining would also let departments offer more fee-generating services.

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