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     View Program    Tuesday, September 21, 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, May 18, 2021

Running Time 11 min
 
First Posted on Wednesday, May 19, 2021 at 6:01 pm

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 operating loss of $2.04 million in April.

However, the Hospital posted a lower overall loss for April of $875,629, by drawing down $1.1 million in CARES ACT and other grant money being held in reserve to offset the large operating loss.

The cash and cash equivalents burn for April was $3.39 million.

The amount of CARES ACT and other grant money still held in reserve is $1.72 million, which must be applied to offset COVID-19 losses by June 2021.

GLH was not able to draw down more money from the COVID CARES ACT grant because of the grant restrictions. It may be that the Hospital will not be able to use all of the grant money by the June deadline, in which case the remaining portion will be returned to the federal government.

The Medicare advanced payment of $16.5 million, which the Hospital has not dipped into, is now being paid back. In April, GLH paid back around $310,000.

The Board went into executive session and excluded the media and the public for 131 minutes.

 
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