HMH Board of Directors given update on hospital’s 401K plan

Tuesday night, the HMH Board of Directors were updated on the hospital’s 401K program and hospital’s monthly financial report.

HMH CFO Bill Craig reported the hospital had another net loss for the month of April, but he did receive $1.3 million dollars from the September 2021 Medicaid Cost Report.

CEO Debra Wright reported the hospital is having supply chain disruptions. She stated the shortage was due to the closure of a manufacturing plant in China.

Wright also reported the medical clinic had received an external inspection by the Arkansas Foundation for Medical Care. She said the AFMC performed a patient-centered medical home quality assurance review for Medicaid patients. The clinic had no deficiencies at the conclusion of the validation process.