New CFO identifying cash flow issues
One week on the job and Guam Memorial Hospital chief financial officer Alan Ulrich says it's evident the finances at our island's only public hospital are complicated and can't be fixed overnight.
By KUAM NewsGuam - One week on the job and Guam Memorial Hospital chief financial officer Alan Ulrich says it's evident the finances at our island's only public hospital are complicated and can't be fixed overnight. GMH faces a $20 million+ debt along with issues with its billing and collection. Ulrich says most of the changes will be happening gradually.
"We know that we have balances due, vendors and we know that we have balances due in order to ensure the continuity of care here, so we're looking at ways to move forward with payments to our vendors," he explained.
Ulrich adds he is working together with the hospital's fiscal team, department managers and administrator Joseph Verga to identify the hospital's cash flow along with working with the legislative oversight on health to address any other concerns.