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Board approves KPMG advisory contract and multiple renewals as finance committee flags volume declines and cash steps
Summary
The Hospital Authority Board approved a roughly $910,000 KPMG advisory contract to assist with financial infrastructure and operations, plus renewals for cancer registry services, security/cable protection and insurance; finance leaders reported March volumes, a monthly net loss and short‑term cash measures.
The Nashville General Hospital Authority Board approved a short‑term advisory contract with KPMG and several contract renewals April 24 after the finance committee recommended the agreements.
KPMG advisory contract: The board approved a KPMG engagement described as accounting, financial reporting and operational efficiency assistance from May 1 through July 31, with an expectation of deliverables into August. The contract price reported to the board was $910,000. Board members stated the work is to strengthen accounting infrastructure, speed up month‑end/year‑end close processes, improve reporting, and help produce an actionable plan for operating efficiencies. A board member stated the contract will be funded in part from a Metro subsidy provided earlier in the year.
Other contracts approved: The board also approved renewals or reauthorizations for Health Catalyst (cancer…
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