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     View Program    Wednesday, October 20, 2021
 
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, October 20, 2020

Running Time 14 min
 
First Posted on Tuesday, October 20, 2020 at 8:18 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 $689,000 in September. The fiscal year ended September 30, 2020, and the annual operating loss totaled $17.6 million.

For the entire fiscal year, operating revenue is down $10.9 million from $108.8 million in 2019 to $97.9 million this year. Expenses, however, have dropped only $400,000 during the fiscal year, from $115.9 million in 2019 to $115.5 million in 2020.

The Hospital has received COVID CARES Act grants of around $22.9 million, along with a short term loan against future Medicare payments of $16.5 million. In addition, GLH received $1.7 million in funds from the Mississippi legislature in August, some of which went to employees.

The Hospital has applied $16.2 million of the grant money against its operating loss for the fiscal year, leaving it with an overall loss of $783,000 for the fiscal year. For the month of September, including use of $661,000 in grant money, the hospital had an overall loss of $29,000.

The Board went into executive session and excluded the media and the public for 27 minutes.

 
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