CEO, CFO of Missouri hospital allegedly received $100k in inappropriate reimbursement

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The CEO and CFO of Ranken Jordan Pediatric Bridge Hospital in Maryland Heights, Mo., resigned last week after the hospital board discovered the executives violated the hospital's paid time off policy. The two received more than $100,000 combined in inappropriate reimbursement for paid time off, a spokesman for the hospital's board told the St. Louis Business Journal.

The hospital board requested and accepted the resignations of president and CEO Lauri Tanner and vice president and CFO Jean Bardwell, effective May 2. The board's executive committee initially identified the potential irregularities, and the board subsequently launched an investigation, which allegedly revealed the two executives violated hospital policy.

The board spokesman told the St. Louis Business Journal Ranken Jordan Pediatric Bridge Hospital's fiscal year 2017 Form 990 will include $25,375 in taxes owed by Ms. Tanner and Ms. Bardwell. The applicable tax rate is 25 percent, meaning the two executives received more than $100,000 combined, according to the report.

The hospital's Form 990 for fiscal year 2018, which will be filed next spring, will include a smaller tax amount that is still being calculated.

Ranken Jordan Pediatric Bridge Hospital COO Brett Moorehouse was named interim president and CEO, and a hospital board member is serving as interim CFO.

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