Georgia's Memorial Health Fires CEO Over Health System's Finances

Savannah, Ga.-based Memorial Health fired Phillip Schaengold, president and CEO, last night over a "financial dispute," according to a Savannah Morning News report.

The board decided to part ways with Mr. Schaengold over a disagreement in response to questions involving the system's finances. Problems between Mr. Schaengold and the board regarding the system's financial condition have been persisting in the past four to six months, according to the report.

Margaret Gill, COO of the system's 530-bed Memorial University Medical Center in Savannah, will act as CEO while the board begins the process of finding a permanent replacement.

Mr. Schaengold was named president and CEO in March 2009. He succeeded the system's acting CEO, Charles Neumann, who replaced Robert Colvin after the board ousted Colvin from the CEO position in April 2008.

The system has battled red ink for a number of years because of uncompensated care, according to the report.

Read the Savannah Morning News report on Memorial Health firing its president and CEO.

Read about other Georgia hospital executives:

- Georgia's Gordon Hospital Names COO

- CEO of Northeast Georgia Health System Steps Down

- Former President and CEO of Georgia's Archbold Medical Center Indicted on Six Counts of Medicaid Fraud


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