Guam - The Guam Memorial Hospital could have a new chief financial officer by early November. Administrator Joseph Verga tells KUAM News he has reviewed applications and interviewed several candidates.  He has narrowed the selection down to two individuals and hopes to bring one of them on board early next month. 

Since assuming his position, Verga has been inundated with dealing with the flatlining finances at the hospital. GMH is about $23 million in debt and the hospital is constantly faced with a barrage of vendors placing the facility on credit hold or threatening to stop providing services due to lack of payment. 

Verga says with the help of the new CFO, the finances of the hospital can get back on track.