GMH will makeover financial management - KUAM.com-KUAM News: On Air. Online. On Demand.

GMH will makeover financial management

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by Krystal Paco

Guam - The Guam Memorial Hospital board of trustees are slated to meet this week to discuss the hospital's financial makeover.

GMH administrator Joseph Verga told KUAM News, "Are we on stable financial ground? No. are we being funded to the degree which we need to be? No. You will hear more about this we are in the throes of planning our 2015 fiscal year budget. We have scheduled a special board meeting to approve our 2015 budget. You will hear a lot more about this and the need to change how GMH is funded going forward and the premises for our new funding request."

Verga notes that the hospital did not receive the funding it needed to cover the present fiscal year's expenditures.

The meeting is set for Thursday, March 13 at 6 p.m. in the GMH board conference room.

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