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Hospital Receives $5.75 million in COVID-19 CARES Act funding in May

Tuesday, June 16, 2020, 2:35 pm News Flash Archive

Today, the Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting.

According to the financial report provided by CFO Dawne Holmes, the Hospital had an overall net gain of $4.10 million in May, due to receipt of $5.75 million in CARES ACT funding during the same month.

However, expenses of $8.96 million exceeded patient revenue of $7.08 million for the month of May.

Taking into account a total of $9.4 million in COVID-19 CARES Act funding received so far, the Hospital has lost $3.96 million for the current fiscal year, up from $3.69 million for the same time period in 2019.

The Board went into executive session and excluded the media and the public for 55 minutes.

The Board meeting may be viewed here:
GLH Hospital Board Meeting of June 16, 2020

For complete coverage of these and other hospital milestones, please go here: Taxpayers Channel coverage of Greenwood Leflore Hospital's downfall.

John Pittman Hey
The Taxpayers Channel

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