Thursday, May 30, 2024, 7:05 pm News Flash Archive

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

According to the financial report reviewed by Interim CEO Gary Marchand, the Hospital had an overall loss of $282,000 in April.

At the end of April, the useable cash and equivalents were $5.3 million, up from $4.76 million last month.

As of the end of April, the hospital still owes Medicare $3.83 million. The Medicare loan is being paid down at around $102,000 per month.

The hospital is once again looking at updating its electronic health records system to bring it into compliance in 2024 with CMS's requirements. It will cost tens of millions of dollars to install and lease and service.

Mr. Marchand described another Medicaid "Supplemental Payment Program" that Govenor Reeves had approved by CMS. GLH is expected to net an additional $723,000 annually, and the first cash is expected to arrive next month.

GLH is in the process of rebidding the bank depository, which state law requires every three years. The best bid will provide the highest interest on the hospital's deposits.

The board then went into executive session, with the public and the press excluded for 67 minutes.

The board discussed pending litigation during the executive session, but no announcement of any action taken was authorized at this time.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, May 21, 2024

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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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