Audit Shines Light On Struggling Hospital

A hospital in Beaufort County is one step closer to having new management. An accountant presented the 2009-2010 audit report to the Beaufort County hospital board Tuesday, detailing the hospital's finances.

The report shows the hospital had just five days worth of working revenue coming out of the 2010 fiscal year.

At the end of the meeting board chairperson Alice Mills Sadler commented that this was the first time the hospital had sought an outside firm's help with their audit, and said perhaps the hospital wouldn't be in the financial mess it's in had they done this sooner.

In a statement Tuesday afternoon, Sadler said, "We certainly have a better understanding of the financial health of the organization and this is a good starting point for University Health Systems and the future of Beaufort Regional Health System.

The audit report was one of the last key steps before UHS can move forward with its bid to take over management at the hospital.

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  • by Confusion!! Location: BoCo on Mar 16, 2011 at 07:46 AM
    I think that the Auditors only audit what is presented to them by the board. It is my opinion once they are in the process they should continue the hunt. There is more to the story than meets the eye or brain. Just ask anyone in the community. The condition of the Hospital didn't get in this shape in just 2-3 years. Right now we are at risk for loosing more Doctors. The ones that left in the past have had insight to the tangled web that has been spinning for quite some time and seems to be continuing to make the web bigger. The Board needs to be diligent and make the change as soon as possible.
  • by Anonymous on Mar 14, 2011 at 03:32 AM
    I don't mind answers. It is the outright lies that I hate.
  • by What is false Location: Washington on Mar 13, 2011 at 10:48 PM what was reported in the Dixon Hughes audits. I repeat, the auditors only audited what they were shown. My understanding is that they gave the Foundation a clear audit too and Jones had been stealing from the Foundation accounts since 1999. The woman who turned over the Jones information suddenly went on leave for six months then resigned. I am unclear as to her level of involvement. To 8:00 a.m.- there is plenty of information, there's no more digging needed. The taxpayers need action. To 9:44/8:02 p.m. - this is a public forum; if you don't like the answers, stop asking questions.
  • by Anonymous on Mar 13, 2011 at 05:02 PM
    944am, where is the Deloitte (sp) audit that Hood's crowd has been touting. Supposedly, it was to be presented last November. It must have found no wrongdoing either. If there was wrongdoing it would have come out by now. Stop grasping for straws. It makes you seem weak.
  • by TO: to 9:44 a.m. on Mar 13, 2011 at 04:18 PM
    False? 2 Auditing firms - DixonHughes and LarsenAllen; 2 CFO's - C.Riggs and D.Reif; David Cox hired; WHAT IS FALSE?
  • by To: to Anon @ 8:00 am on Mar 13, 2011 at 02:15 PM
    Did you contact all those people and did every one of them ignore your information? May be they are in on it? Did they get a cut too? Keep digging, something has to be there! I can just feel it!!
  • by to 9:44 a.m. Location: Washington on Mar 13, 2011 at 10:23 AM
    Your information is false. And I assure you that I am no fan of Hood Richardson.
  • by To: Called the Authorities on Mar 13, 2011 at 06:44 AM
    Have you thought that the reason nothing was done is because your allegations are baseless? There have been atleast 2 auditing firms, 2 CFO's and David Cox (not sure what his title was) going through the records and crunching numbers and nothing has been found. Hood would have loved to have something like that found. He would have wet his pants due to his excitement. You are nothing more than a BO conspiracy theorist. The former CEO and CFO were not hiding a thing. As a matter of fact, they were telling the board that a partner needed to be found because of the hospital was losing money. The board failed to respond and has drug this matter out too long.
  • by Additonally... Location: Washington on Mar 12, 2011 at 06:15 PM
    The hospital apparently lost around $2.5 million during fiscal year ending 2007. The audit claimed a loss of approximately $650K. This racket actually began in 1999 by the CEO and blossomed in 2002 when he became CEO and CFO. Noone in their right mind makes one person responsible for a $70 million checkbook.
  • by to Anonymous at 8:00 a.m on Mar 12, 2011 at 05:16 PM
    I wish I could answer that but you had best ask them instead. Here are their names: Beaufort County D.A. Seth Edwards; Agent MacAfee, FBI Greenville; Special Agent David Nance, NC SBI; Barry Brown, Financial Investigator, NC Dept of Justice, Raleigh. All of these organizations are listed in the phone book; now you have the names. Someone had better quietly initiate a law suit on behalf of the citizens of Beaufort County to have this investigated. If a federal, not state, but federal investigation does not occur, the county tax payers stand to lose a lot more than $40 million.

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