Currently, PCMH owes $7 million in bond payments, and it will cost roughly $1 million to transition to its electronic health record system. Overall, interim CEO Clifford Corbett said expenditures are $80,000 to $100,000 higher than current revenues, according to the report.
PCMH recently tried to partner with Franklin, Tenn.-based Community Health Systems, but CHS rejected the deal. Mr. Corbett said in the report the hospital will not initiative a referendum on the November ballot in which taxpayers would pay more toward the hospital because the administration is “reluctant to ask for more money from the county,” according to the report.
Although a closure is not imminent in the immediate future, Mr. Corbett said they will have to find some type of “organized plan” to counter the decline and lack of revenue.
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