Hospital Authority Board expects finalized PSA with Meharry; hears finance, contracts and foundation updates

The Hospital Authority Board on July 1 heard that a public service agreement (PSA) between the authority and Meharry Medical College is in final legal review and is expected to come back to the board for approval at its August meeting.

The board meeting at Nashville General Hospital also included a financial review showing improved month-end results tied to timing of subsidies and a Meharry lease, approval of two vendor contracts, updates on quality and regulatory surveys, a foundation fundraising report, and progress on a CEO search and KPMG operational review.

Board Chair Christie (listed in the meeting as Christie) and staff described the PSA update as a legal finalization step. "The short story is that the lawyers are looking at it more carefully," said the staff presenter updating the board on the PSA. "We are very confident that at our meeting in August we will have a final agreement that the lawyers have all signed off on and that will be acceptable to both Meharry and to the hospital." The presenter said revisions under review were mostly language and clarity items and not expected to change the agreement's thrust.

Why it matters: the PSA frames the working relationship between the hospital authority and Meharry Medical College. Board members asked to receive the final draft at least 10 days before the August meeting and requested an executive summary of the agreement's principal elements when the draft is circulated.

Finance and budget

The finance overview showed a sharper year-end than prior months, driven largely by receipt-timing of Metro subsidies and recognition of a Meharry lease. The finance presenter, identified in the meeting as Ray (finance presenter), said the timing of…