Audit reveals financial challenges for Pemiscot Co. hospital

Audit reveals financial challenges for Pemiscot Co. hospital

PEMISCOT COUNTY, MO (KAIT) - A recent audit of one southeast Missouri hospital showed it's in quite a challenging financial situation.

According to the audit, the Pemiscot Memorial Health System has continued operations while in a deficit since 2013.

The report added the board has taken efforts to stabilize the hospital's finances while relying on debt and funding from state and federal programs.

In 2016, the hospital operated with around $602,000, or enough to cover the operating costs for 6.4 days.

The hospital also received an overall performance rating of good, according to the audit.

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