CEO, CFO of Missouri hospital to resign

Salem (Mo.) Memorial Hospital District has announced that Interim CEO Jason Edwards and CFO Doug Hoban have submitted their resignations.

The two leaders will resign May 22, citing personal reasons, according to the hospital district's board of directors. 

"The board recognizes Jason for taking the reins and providing a steady hand during a time of transition for the hospital and its staff," the board said in an April 27 news release. "Likewise, the board recognizes Doug Hoban, CFO, who has also provided a crucial service to the hospital during a difficult financial audit and transition period after the departure of Rural Hospital Group."

The board has begun its search for a permanent CEO for the 25-bed critical access facility and has made contingency plans to minimize any potential impact of the departures.

In December, Salem Memorial's board voted to reduce certain service lines and explore partnerships, affiliations and management agreements with health systems and other organizations.

The board had been previously presented with a $317,000 operating loss for fiscal year 2023 fiscal year, but after preliminary audit adjustments and corrections were made, the loss increased to $2.5 million. The hospital reported a $1.3 million loss in fiscal 2020, a $1.18 million loss in 2021 (excluding extinguishment of debt) and a $1.7 million loss in 2022. 

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