In Greenwood, an old cotton port town in the Mississippi Delta, 10 people gathered last July around a table in the center of a gray conference room. They stood with their backs straight, heads bowed. One man bent forward and pressed his palms flat on the white tablecloth.
“We ask, Father God, that you bless the administration of this hospital— our CEO, our VP,” he said. “We ask, Father God, that you bless this board of commissioners …”
The opening prayer at this particular meeting carried a little more urgency than usual, because Greenwood Leflore Hospital faced a financial reckoning.
When the prayer was done, the chief financial officer took her seat at the head of the table and projected a PowerPoint slide on the wall. She reviewed a list of recent credits and debits: the income from Covid federal aid payments, capital expenses, debt repayments, revenue. “So,” she said, “that gives us a loss of $3.3 million for the month of June.”
No one seemed surprised. “And what did we lose last month?” someone asked.
“Let me find that …” The CFO reached for a stack of papers, but another board member had committed the figure to memory: “$2.6 million,” he said.
Bu hikaye Bloomberg Businessweek dergisinin January 31, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Bloomberg Businessweek dergisinin January 31, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers