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     View Program    Friday, October 23, 2020
 
Greenwood Leflore Hospital

The Greenwood-Leflore Hospital is a 208 bed facility that serves a large portion of the central Mississippi Delta. It is jointly owned by the City of Greenwood and Leflore County.

For our news reports about the hospital, please go here: Taxpayers Channel coverage of Greenwood Leflore Hospital's downfall.

 
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Greenwood Leflore Hospital
Hospital Board Meeting
 
Tuesday, August 18, 2020

Running Time 13 min
 
First Posted on Tuesday, August 18, 2020 at 2:08 pm

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 operating loss of $149,000 in July. So far this fiscal year, the operating loss has totaled $15.9 million.

However, the Hospital has received COVID CARES Act grants totaling $22.9 million, along with a short term loan against future Medicare payments of $16.5 million.

The Hospital has applied $14.6 million of the grant money against its operating loss, leaving it with an overall loss of $1.3 million for the fiscal year. This month, including use of $570,000 in grant money, the hospital had an overall profit of $510,000.

As of end of July, according to Holmes, cash equivalents are $52.7 million, including the $16.5 million that must be repaid to Medicare.

The Board went into executive session and excluded the media and the public for 54 minutes.

 
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