Tuesday a week ago Slabbed was leaked that Singing River CEO Kevin Holland would either be resigning or be fired at the following day’s Board of Trustee meeting. Slabbed put out a tweet on the subject which we were asked to subsequently delete – you had to be there to win. Sure enough Karen Nelson would break the news on Thursday that Holland was leaving and that gets me back to the head-scratcher on being asked to delete the Tweet that Holland would be leaving because the fact that segments of the Jackson County Board of Supervisors were unhappy with Holland’s job performance has been very well reported in both the newspapers serving the area. Looking back at the events of last week there was something else going though which a perusal of Mississippi Electronic Courts revealed:
But before we examine the context of Chris Anderson’s upcoming deposition we need to circle back to Karen Nelson’s account of the FY 2016 audit:
Singing River Health System dropped from a Level 2 to a Level 3 trauma rating when it cut back on neurological services, and the hospital system is no longer majority owner of its two outpatient surgical centers.
But Chief Financial Officer Brian Argo told Jackson County elected officials on Monday that the health system is cutting costs and is continuing toward financial recovery with a profitable year.
Argo went over the annual independent audit, this year by Dixon Hughes Goodman, which confirms the county hospital system ended the fiscal year on Sept. 30 with a positive bottom line of $5.1 million.
Looking at the audit report linked above I’m not sure where the $5.1 million dollar number comes from but I did see about a third of the consolidated net income was derived from the sale of assets inside a not for profit “blended component unit” called “SHRS Ambulatory Services“: Continue reading “Kevin Holland is finally leaving Singing River Hospital. What Gives?”