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Greenwood Leflore Hospital Hospital Board Meeting Tuesday, May 17, 2022
Running Time 17 min
First Posted on Tuesday, May 17, 2022 at 8:29 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 overall loss of $1.91 million in April, somewhat better than the loss of $2.57 million in March. Operating expenses were $9.5 million, while operating revenue was $7.6 million
At the end of April, the usable cash reserves, after netting out the deferred revenue and the Medicare short term loan which must be paid back, are $6.48 million. The cash burn for April was $520,000.
Ms. Tracy Shelton, a hospital trustee, made a statement to the press stating that the minutes of the Board are incomplete, and therefore she voted against approving them at the meeting.
The Board went into executive session and excluded the media and the public for 30 minutes.
