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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, November 15, 2022

Running Time 22 min
 
First Posted on Wednesday, November 16, 2022 at 12:55 pm

The Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting.

According to the financial report given by Mrs. Dawne Holmes, the Hospital had an overall loss of $1.94 million in October. Operating expenses were $7.00 million, while operating revenue was $5.01 million.

At the end of October, the cash and equivalents were $5.34 million. The net cash burn for October was $1.26 million. Of the $5.34 million of cash left, $3.5 million cannot be touched legally because it is in trust to cover the malpractice insurance and as security on the cooling tower financing note. That would mean that in reality, at the end of October, there was only $1.84 million in cash left to spend.

In October, the hospital made approximately $100,000 in payments to Medicare for the repayment of the short term loan. The hospital still owes Medicare $5.51 million.

The board then went into executive session, with the public and the press excluded for 62 minutes.

 
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