Greenwood Leflore Hospital, which has been at the forefront of Mississippi's ongoing hospital crisis, will remain open until at least 2024 after being on the brink of full closure earlier this year.

In a memo sent to GLH employees this week, interim CEO Gary Marchand informed his staff that the hospital's owners have agreed to an extended $10 million line of credit in place to support ongoing operations.

On top of the credit extension, GLH is set to receive around $925,000 from the state legislature once the new fiscal year begins on July 1. This is in addition to $2.1 million from the Mississippi Hospital Access Program and $722,713 from the Disproportionate Share Hospital Program allocated to GLH earlier this month.

While Marchand said the funds are helpful in the short term, the extended line of credit expected to be available within the next 30 to 60 days is the primary reason the hospital will be able to keep its doors open for the foreseeable future.

“While the…

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By: Caleb Salers
Title: Medicaid expansion ‘too little, too late' as Greenwood Leflore Hospital finds way to stay open until 2024
Sourced From: www.supertalk.fm/medicaid-expansion-too-little-too-late-as-greenwood-leflore-hospital-finds-way-to-stay-open-until-2024/
Published Date: Fri, 07 Apr 2023 17:20:55 +0000