GMH hopeful loan will cover costs - KUAM.com-KUAM News: On Air. Online. On Demand.

GMH hopeful loan will cover costs

Posted: Updated:

by Michele Catahay

Guam - While the Guam Memorial Hospital waits to receive money from a loan to pay its outstanding bills to vendors, it's apparent that GMH continues to struggle with services. Just last week, Guam Memorial had suspended hot food services offered to visitors and employees.

But today, according to associate administrator for operations Joe Mesa, they have enough cash to get those services back up and running by Wednesday. "We've taken care of the vendor and we've talked to our dietary people and they will begin that on Wednesday," Mesa explained. "I believe the start of last week - the challenge was that the patients had their food but the hospital does, we also have a cafeteria that cooks food at a price also to our visitors. So that's what was suspended."

For the past several weeks, GMH has struggled to provide services such as these, but according to Mesa, they're getting money in very slowly, but definitely not fast enough. "A number of people have paid their bills. There were probably some from Medicare also and MIP and so forth," he added. "So that comes in a daily basis at times and we encourage everyone to pay their bills. We probably wont have enough but we'll have enough to sustain."

While the Guam Economic Development Authority along with GMH's board of trustees have approved the use of a loan to cover payables for the agency, Mesa says they're waiting for Bill 503 to be signed by the governor before moving forward. The legislation added a new section to a law relative to expanding the borrowing ability of GMH, by including the authorization to enter into revolving loan funds and direct loans.

He speculated, "That $12 million will at least give us some breathing room to get our payables down to a more manageable process. Our vendors will than deliver and we can stock more so we can take care of our pharmaceuticals and stuff like that."

As for whether the beefing up of collection efforts has helped the hospital collect from patients, Mesa says it just isn't enough to cover all its debt. "Apparently this is a rough time especially during the holidays and if you only have a dollar, it can only go so far. We're getting some from our collection agencies and we have also a lot of people coming in to try and work out a payment plan," he said.

  • NEWS HEADLINESMore>>

  • Lou and Josh announce transition team

    Lou and Josh announce transition team

    The Leon Guerrero/Tenorio team has announced their transition team. The Governor-elect and Lt. Governor-elect said in a statement Dr. Mary Okada will Act as Chairwoman of the transition team and Dr. Laura Torres Souder will Act as Vice Chair. The Lou and Josh team also announced they will not conduct public meetings, news briefings or media interviews until after the Guam Election Commission certifies General Election results, which is expected to happen on November 23. In t...

    More >>

    The Leon Guerrero/Tenorio team has announced their transition team. The Governor-elect and Lt. Governor-elect said in a statement Dr. Mary Okada will Act as Chairwoman of the transition team and Dr. Laura Torres Souder will Act as Vice Chair. The Lou and Josh team also announced they will not conduct public meetings, news briefings or media interviews until after the Guam

    More >>
  • Health insurance won't be suspended for public sector retirees this month

    Health insurance won't be suspended for public sector retirees this month

    Government retirees will not have their health insurance coverage suspended this month. The Department of Administration says it expects to make good on a $300,000 payment to TakeCare. The company sent out notice that it would have to cut services on NoveMore >>
    Government retirees will not have their health insurance coverage suspended this month. The Department of Administration says it expects to make good on a $300,000 payment to TakeCare. The company sent out notice that it would have to cut services on NoveMore >>
  • Ken Joe Ada speaks out about terrorizing arrest

    Ken Joe Ada speaks out about terrorizing arrest

    Ken Joe Ada, the former mayor of Yona, was charged with terrorizing over the weekend. And he's now speaking out about the incident that led to his arrest. He says he reached out to a local businessman about a commercial that he felt was malicious towards More >>
    Ken Joe Ada, the former mayor of Yona, was charged with terrorizing over the weekend. And he's now speaking out about the incident that led to his arrest. He says he reached out to a local businessman about a commercial that he felt was malicious towards More >>
Powered by Frankly