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GLH lost $3.14 million in February, cash reserves at $10 million

Tuesday, March 15, 2022, 4:20 pm News Flash Archive

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

According to the financial report provided by Mrs. Dawne Holmes, the Hospital had an overall loss of $3.14 million in February. Operating expenses were $10.1 million, while operating revenue was $6.8 million.

At the end of February, the usable cash reserves, after netting out the deferred revenue and the Medicare short term loan which must be paid back, are $10 million. The cash burn for February was $3.2 million.

The Board went into executive session and excluded the media and the public for 85 minutes.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, March 15, 2022

John Pittman Hey
The Taxpayers Channel

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