Officials: Hospital rebounding from bankruptcy
NATCHEZ — Natchez Regional Medical Center officials say the hospital’s financial problems should be cleared up by the next fiscal year.
According to the Natchez Democrat, CFO Charles Mock says the hospital will pay off its debts in compliance with bankruptcy orders.
Mock talked Monday with members of the Adams County Board of Supervisors.
Mock says the hospital will have enough money to pay current vendors in the 2011-2012 fiscal year under bankruptcy requirements and have some extra for capital improvements.
NRMC budgeted revenues of $49.9 million and expenses of $48.2 million for the next fiscal year, according to information given to supervisors.
Under a bankruptcy order, NRMC will pay $1.74 million to vendors.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Prescription for success — Transcript Pharmacy continues fast growth
- Study: Mississippi has highest sales tax rate in U.S.
- MSU researchers develop timber-management software
- Panther Creek megasite — Putting a value proposition out there
- New law on taxing methods hailed as big win for businesses
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide