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GLH lost $2.57 million in March, cash reserves down to $7 million

Tuesday, April 19, 2022, 3:58 pm News Flash Archive

Today, 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 $2.57 million in March. Operating expenses were $10.3 million, while operating revenue was $7.7 million

At the end of March, the usable cash reserves, after netting out the deferred revenue and the Medicare short term loan which must be paid back, are $7 million. The cash burn for March was $3 million.

The Board went into executive session and excluded the media and the public for 101 minutes.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, April 19, 2022

John Pittman Hey
The Taxpayers Channel

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