When Kevin Flanigan, MD, began his new role as CEO of Lone Pine, Calif.-based Southern Inyo Healthcare District on Aug. 18, the hospital had just eight days of cash on hand. As of Sept. 25, cash on hand for the hospital had increased to 12 days. “On any given day, it can drop down to two or three days of cash on hand,” Dr, Flanigan told Becker’s. “Payroll is going out, and it will be back down as soon as that goes out the door.”

Dr. Flanigan said it takes just over nine days of cash on hand to make payroll. While the 37-bed critical access hospital brings in enough revenue to cover payroll, that must expand to total labor cost, which includes salary and hourly staff, contracted providers, and vendors like food and medical supplies. “Staff have been paid,” Dr. Flanigan said. “I will acknow

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