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

The trustees approved a resolution by the medical staff executive committee dedicating the medical staff lounge to the memory of Dr. Michael T. Boler, who passed away recently. A plaque will be added in the lounge commemorating Dr. Boler's years of service to the community.

According to the financial report given by Mrs. Dawne Holmes, the Hospital had an operating loss of $1.50 million in October.

But because GLH received one-time money of $4 million in October, the overall profit was $2.50 million. The one-time money consisted of $1 million from the state legislature's "Hospital Sustainability Fund," and the additional $3 million was the third draw from Leflore County's $10 million line of credit obtained to prop up the hospital until its critical access application to CMS is either granted or finally denied.

At the end of October, the useable cash and equivalents were $3.68 million.

As of the end of October, the hospital still owes Medicare $4.46 million. The Medicare loan is being paid down at around $102,000 per month.

Mrs. Holmes also reported that the September 30, 2023 Pension Fund Actuarial Report showed that the 2022 $18.9 million underfunding liability has now dropped to $16.4 million, with the pension now funded at 66.5%, up from 62% last year.

The board then went into executive session, with the public and the press excluded for 38 minutes.