Tuesday, October 17, 2023, 7:03 pm News Flash Archive

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

According to the financial report given by Mrs. Dawne Holmes, the Hospital had an operating loss of $1.36 million in September.

The fiscal year ended September 30, 2023, with an overall annual loss of $8.89 million.

Operating revenue for the year was $57.4 million, while operating expenses were $74.9 million.

The overall loss would have been almost double had not the hospital received in loans and gifts $8.7 million from the city, county, and utilities company.

At the end of September, the useable cash and equivalents were $703,323.

As of the end of September, the hospital still owes Medicare $4.54 million. The Medicare loan is being paid down at around $102,000 per month.

The board then went into executive session, with the public and the press excluded for 63 minutes.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, October 17, 2023

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To review our reporting on GLH and its financial woes, please see here: Index of Greenwood Leflore Hospital news articles

John Pittman Hey
The Taxpayers Channel

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