Financial troubles continue for KershawHealth - wistv.com - Columbia, South Carolina

Financial troubles continue for KershawHealth

KERSHAW COUNTY, SC (WIS) -

Financially troubled KershawHealth is experiencing a continued decline in its operating revenues.

KershawHealth, which is in negotiations to be sold to MUSC/Capella Healthcare, reported an operating loss of $552,000 for June and a year-to-date loss of $82,000. In June 2014, the hospital saw a $767,000 operating loss.

The hospital recently moved its EMS services to Kershaw County as a way to ease its financial burdens. KershawHealth gave the County $2.6 million to keep EMS operating until early 2017. Kershaw County will then have funds to pick up operations financially. This transaction caused a decrease in the hospital’s cash on-hand, as a financial report explains.

The financial report also shows the number of inpatient admissions decreased by eight compared to June 2014 and missed the budgeted number of admissions by 64 for last month. In a yearly outlook, the admissions increased .5 percent.  Surgical cases are below 2.1 percent from 2014 and 1 percent below budget.

KershawHealth was the subject of a WIS investigation into its expenses a couple of years ago when it was paying its then-CEO Donnie Weeks a salary more than $300,000 and bonuses totaling $285,838 for three years. The hospital agreed to pay Weeks $524,000 on Jan. 3, 2014, which was his last day with the hospital.

The KershawHealth Board of Trustees is meeting at 6 p.m. on Monday, July 27, at the Health Resource Center in Camden to discuss this financial report. The meeting is open to the public. 

Copyright 2015 WIS. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Grandparents shocked by reports of 13 starved grandchildren

    Grandparents shocked by reports of 13 starved grandchildren

    Thursday, January 18 2018 2:44 AM EST2018-01-18 07:44:12 GMT
    Thursday, January 18 2018 2:08 PM EST2018-01-18 19:08:24 GMT

    The grandparents say they are still in shock from learning that their son and his wife were arrested this week after their children, ages 2 to 29, were found malnourished with some in shackles.

    More >>

    The grandparents say they are still in shock from learning that their son and his wife were arrested this week after their children, ages 2 to 29, were found malnourished with some in shackles.

    More >>
  • Amazon announces finalist cities for 2nd headquarters

    Amazon announces finalist cities for 2nd headquarters

    Thursday, January 18 2018 10:23 AM EST2018-01-18 15:23:39 GMT
    Thursday, January 18 2018 10:46 AM EST2018-01-18 15:46:32 GMT
    The finalists were chosen out of 238 entries submitted throughout Mexico, the U.S. and Canada. (Source: Pixaby)The finalists were chosen out of 238 entries submitted throughout Mexico, the U.S. and Canada. (Source: Pixaby)

    The finalists were chosen from 238 entries submitted throughout Mexico, the U.S. and Canada.

    More >>

    The finalists were chosen from 238 entries submitted throughout Mexico, the U.S. and Canada.

    More >>
  • Has #MeToo gone too far? Ansari story sparks debate

    Has #MeToo gone too far? Ansari story sparks debate

    Thursday, January 18 2018 12:56 AM EST2018-01-18 05:56:19 GMT
    Thursday, January 18 2018 2:08 PM EST2018-01-18 19:08:28 GMT

    The article intimated that Ansari deserved inclusion in the ranks of abusive perpetrators, yet many readers - women and men - concluded the encounter amounted to an all-too-common instance of bad sex during a date gone awry.

    More >>

    The article intimated that Ansari deserved inclusion in the ranks of abusive perpetrators, yet many readers - women and men - concluded the encounter amounted to an all-too-common instance of bad sex during a date gone awry.

    More >>
Powered by Frankly