Supervisors to pay for a financial review of SRHS

Supervisors to pay for a financial review of SRHS

JACKSON COUNTY, MS (WLOX) - The Jackson County Board of Supervisors voted Monday for the county attorney to negotiate a contract with Raymond James financial services to do an overview of the operational activities at Singing River Health System that lead to the pension problems.

Board President Troy Ross said it will cost around $100,000 to hire the firm. The goal is for the group to come up with solutions to make the hospital system more transparent, financially sound, and be able to survive in the future.

Ross said with so many unanswered questions, it was important for county leaders to step up and help get answers.

The board hopes to approve the contract at the next meeting in December.

In a statement released Monday, Singing River Health System CEO Kevin Holland welcomed the supervisors' action.

"Singing River Health System has worked collaboratively with the Jackson County Board of Supervisors since the announcement of the $88 million audit adjustment back in March of this year," Holland said. "In working with the Board of Supervisors, we have called for an independent review, including reaching out to the State Auditor's Office of Mississippi, of the circumstances which led to the $88 million audit adjustment and the future operational and financial ramifications it created for our organization. Ensuring the integrity of SRHS' financial and operational practices, as well as its future viability as an organization, is important to both SRHS and the community, and we welcome this important step in that review process. We will continue working closely with the County Board of Supervisors and with any independent agency to provide all of the necessary information for them to provide a very thorough and complete report for the Board, for Jackson County, and for our organization."

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