Tuesday, November 16, 2021, 5:35 pm News Flash Archive

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

CEO Jason Studley presented the COVID vaccine mandate policy for adoption. There are some religious or medical exemptions available, which require weekly testing. Employees who do not comply will "go through the regular disciplinary actions," according to Studley. The percentage of GLH employees who remain unvaccinated at this time is between 25% to 30%.

GLH is preparing to comply with the Biden Administration's requirement of 100% vaccination of all medical providers, which is supposed to go into effect the first week in January 2022. Hospital and nursing homes who do not comply will no longer receive any Medicare or Medicaid payments.

According to the financial report provided by Mrs. Dawne Holmes, the Hospital had an overall loss of $1.48 million in October.

Net patient revenue was $7.1 million for October, while expenses were $8.8 million.

The cash and cash equivalents burn for October was $1.4 million. The usable cash reserves, after netting out the Medicare short term loan which must be paid back, is $10 million.

The Medicare advanced payment of $16.5 million, which the Hospital has not dipped into, is now being paid back. As of the end of October, GLH has paid it down to $13.1 million. The payback rate will double in Spring 2022.

The Board went into executive session and excluded the media and the public for 110 minutes.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, November 16, 2021

John Pittman Hey
The Taxpayers Channel

News Flash Archive