Mississippi county could loan $3M to hospital

A south Mississippi county could lend more than $3 million to a local hospital.

Posted: Jun 8, 2019 5:18 PM
Updated: Jun 10, 2019 11:01 AM

POPLARVILLE, Miss. (AP) — A south Mississippi county could lend more than $3 million to a local hospital.

Pearl River County supervisors are seeking proposals to borrow the money after Pearl River County Hospital and Nursing Home in Poplarville asked them to refinance a debt it owes to a federal agency, The Picayune Item reported.

The hospital was required to pay back $5.9 million to the Center for Medicare and Medicaid Services, the newspaper reported, after the federal agency found a previous management firm inflated bills.

The hospital has paid down some of the debt, and CEO James Williams said the remaining $3.2 million carries a 10.75% interest rate, which the federal agency is collecting by withholding monthly Medicare reimbursements. Williams asked supervisors to borrow at a lower interest rate, with the hospital repaying the county.

County Administrator Adrain Lumpkin said he believed the county could borrow at 4.5% interest. Lumpkin said interest on a loan from the county would be eligible for reimbursement from Medicaid. The hospital cannot get reimbursed for the interest on the current loan payments, because they are being made to Medicaid, Lumpkin said.

The hospital’s revenue dropped from $20 million in 2016 to $17 million in 2017, but Williams said it’s expected to increase by 6% above 2016′s revenue in the current budget year.

Williams said he plans to add additional services at the hospital to increase the hospital’s revenue, such as an MRI machine and an outpatient unit for behavioral and mental health.

The hospital is one of two serving patients in the county, along with Highland Community Hospital in Picayune.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 143879

Reported Deaths: 3676
CountyCasesDeaths
DeSoto952799
Hinds9520193
Harrison6801105
Jackson6043116
Rankin521996
Lee477094
Madison4595102
Forrest360685
Jones341687
Lauderdale3340142
Lafayette312047
Washington3043106
Lamar273849
Bolivar237583
Oktibbeha237460
Lowndes227562
Neshoba2170113
Panola210347
Marshall206547
Leflore200389
Pontotoc192527
Monroe188877
Sunflower188754
Lincoln183664
Warren171757
Tate163049
Pike159958
Union159025
Copiah158840
Yazoo149538
Scott149429
Coahoma146742
Itawamba144433
Simpson143153
Alcorn142724
Pearl River142067
Prentiss138426
Grenada135844
Adams134148
Leake131643
Holmes124261
George121523
Tippah120430
Covington116434
Winston115824
Wayne115522
Hancock113337
Marion109046
Attala106133
Tishomingo105542
Newton102829
Chickasaw102132
Tallahatchie94727
Clarke88153
Clay86226
Jasper80421
Walthall73728
Montgomery71925
Calhoun71213
Stone71014
Carroll70114
Lawrence69814
Noxubee68917
Smith68616
Yalobusha67626
Perry63925
Tunica59519
Greene58222
Claiborne57416
Jefferson Davis53817
Humphreys52318
Amite50714
Benton48217
Quitman4766
Webster41614
Kemper40615
Wilkinson38422
Jefferson33511
Franklin3155
Sharkey30617
Choctaw3057
Issaquena1094
Unassigned00

Alabama Coronavirus Cases

Cases: 232506

Reported Deaths: 3457
CountyCasesDeaths
Jefferson30318491
Mobile19260356
Tuscaloosa12446148
Madison12204146
Montgomery12000232
Shelby971276
Baldwin819984
Lee750464
Morgan610447
Calhoun5964113
Etowah585764
Marshall579453
Houston503338
DeKalb460835
Cullman409636
Limestone400844
St. Clair396055
Elmore391061
Lauderdale378353
Walker348096
Talladega334042
Colbert294341
Jackson290524
Blount275436
Autauga261739
Franklin243633
Coffee230315
Dale225454
Dallas219631
Russell21753
Chilton216137
Covington212333
Escambia194031
Tallapoosa168590
Chambers167548
Clarke154919
Pike154714
Marion133935
Winston122523
Lawrence121436
Geneva11678
Marengo116424
Barbour116010
Pickens114118
Bibb113617
Butler113341
Randolph99521
Cherokee98524
Hale91531
Washington89818
Clay88823
Henry8386
Fayette83116
Lowndes78529
Monroe76811
Cleburne74214
Crenshaw70030
Macon69420
Bullock68919
Conecuh66814
Perry6686
Wilcox62318
Lamar6227
Sumter55322
Choctaw41713
Greene39917
Coosa3064
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