Yadkin County commissioners accepted the $448,800 “infrastructure renovation” grant on Monday, according to the report. A 20 percent county match of $112,200 is required.
YCMC abruptly closed in May 2015. At the time, Kansas City, Mo.-based HMC/CAH, leased and operated the facility.
Reopening the hospital from the beginning could cost up to $6.2 million, including costs for equipment repairs and maintenance and costs for hiring new hospital employees, Yadkin officials have said, according to the report.
“We are considering a variety of sustainable options for quality healthcare centered in Yadkinville,” Yadkin County attorney Edward Powell told the Winston-Salem Journal. “The Golden Leaf grant puts us another step closer.”
Kevin Austin, chairman of the Yadkin County Board of Commissioners, has indicated any future reopening would begin with a focus on an emergency department and an estimated 22 beds, according to the report.
More articles on healthcare finance:
OIG tags Arkansas hospital for incorrect billing
LifePoint eyes new acquisitions as profit rises
For-profit hospital stock report: Week of April 24-28
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.