The Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting. The meeting was moved to The Alluvian due to the sewer problems which have almost shut down the hospital since yesterday morning.
According to the financial report provided by Mrs. Dawne Holmes, the Hospital had an overall loss of $2.12 million in July. Operating expenses were $8.59 million, while operating revenue was $6.41 million
At the end of July, the usable cash reserves, after netting out the deferred revenue and the Medicare short term loan which must be paid back, are $3.26 million. The net cash burn for July was $428,000.
The board went into executive session, with the public and press excluded for 68 minutes.
During the executive session, the Board hired Gary Marchand to serve as interim CEO. Mr. Marchand previously served in the same capacity from late 2019 to October 2020. The most recent CEO, Jason Studley, abruptly left in July of this year.