Grady clears hurdle toward non -profit status

The DeKalb County Commission has unanimously approved an administrative makeover for cash-strapped Grady Memorial Hospital. DeKalb's approval was the last major hurdle facing the deal to turn over hospital management to a nonprofit governing board. The plan was approved by the Fulton County Commission last week. Local and state leaders have been scrambling to find a solution for Grady, which was threatening to close its doors last year.

Assembly to address Grady woes

The Georgia Senate is set to debate a proposed oversight committee to monitor the finances of Atlanta’s Grady Memorial Hospital. The measure is intended to help the hospital avert closure from mounting budget shortfalls. Yesterday, the Fulton County Commission approved a change in governance structure at Grady that could help the hospital raise funds.

Grady lease approved

Grady Memorial Hospital in Atlanta is one step closer to an administrative makeover. The Fulton County Commission has voted to approve a new lease agreement. It would transfer power at Grady to a nonprofit governing board and could bring millions of dollars to the cash-strapped hospital. Grady is Georgia's only Level 1 trauma care center and has threatened to close under financial crisis.

Grady funding request denied

In a close 4 to 3 vote, the Fulton County Commission denied Grady Hospital’s request for more than $99 million in funding. Instead, the board agreed to pay $80 million to the hospital for 2008 – the same amount it paid in 2006. Grady officials insist the gap in funding will worsen the hospital’s already desperate financial situation and hurt patient care. But, some commissioners say the county is doing all it can and that other groups must step in to support Grady. The 115 year-old hospital has been on monetary life-support for some time. It is one of the few level-1 trauma centers in the state.

5.3 mill on the way to cash-starved Grady

The Atlanta Business Chronicle reports that 5.3 million dollars in emergency funding has been approved for financially-starved Grady Hospital in Atlanta, which serves as a Level-1 trauma care center. The money was approved by the Fulton County Commission on Wednesday, and will help stem losses of at least 3-million a month. Grady has a projected shortfall of 120-million dollars, and could still struggle to make its payroll as early as October.