Memorial Health’ health care system is cash constrained. Recently, Maggie Gill confirmed this concern to the hospital’s board. The hospital’s president/CEO made the prediction several months ago. This loss of money has been caused by the changes in the health care environment.
In the recent past, Gill presented the board with some good news. The campaign that the CEO established in July has enabled the firm to save $12.6 million in just five months. The Pathway to Excellence campaign hopes to save a total of $20 million by next July. The savings will enable the health provider to operate as a going concern even during economic hardships. A huge part this savings comes from Premier Inc, Memorial health’s health care improvement company based in Charlotte, N.C. The company has saved over $7.6 million.
In the recent past, the company has been facing financial problems. However, this issue worsened this year when the government announced reductions in its reimbursements for medical care. This change has contributed to the shortage of cash at the hospital. The facility receives a high number of patients who are unable to pay their bills. It is estimated that 1 in 3 patients that visits the hospital cannot settle their medical bills. The hospital’s board has appealed to deep-pocketed partners to step in and ensure that the hospital continues to offer quality and critical health care services to all patients. This information was originally reported on Savannah Now’s website.
This year, Memorial Health is expected to make an operating loss of $28.7 million. This situation has forced Gill to formulate a new management plan. It involves retooling the company’s course over the next 18 months to ensure that the firm does not go under.
About Maggie Gill
Maggie Gill, MBA has been in the hospital since 2011. Previously, she was the chief operating officer at Memorial University Medical Center (MUMC) where she had been working since 2005. At MUMC, she was charged with the duty of enhancing stewardship to other leaders at the hospital, including senior vice presidents, vice presidents, and physicians. In addition, Maggie managed government relations, internal audits, physician relations, and other services offered by the facility.
Formerly, Gill worked for Tenet South Florida Health as the chief financial officer. Here, she earned the Tenet Outstanding CFO award thrice. During her time in office, Maggie worked with hospitals such as Coral Gables Hospital, North Shore Medical Center, and Palmetto General Hospital. Gill holds a Bachelor’s degree from the renowned Florida State University. In addition, she earned her MBA from Saint Leo University.