About 150 employees were unable to cash the checks they received from the hospital July 20. The bank told the employees there was no money in the hospital’s account.
North Oak Regional Medical Center CEO Philip Hanna told WREG the hospital can’t access the funds needed to pay employees.
“The money is not the issue,” he said. “We have the money in the account. It just needs to be transferred from California to Mississippi.”
Mr. Hanna said new bank security measures prevented the hospital’s out-of-state owner from transferring the funds.
The hospital is dealing with the payment issues just a few weeks after shutting down its emergency room due to financial challenges, according to the report.
In early July, Mr. Hanna told WREG the hospital was losing about $100,000 a month.
More articles on healthcare finance:
Texas health system files for bankruptcy
Georgia hospital to close July 26
HCA’s profit jumps 25% to $820M in Q2
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
