Management inaction at GPHC results in millions in losses – audit report

A special investigation into the financial operations and functioning of the Georgetown Public Hospital Corporation (GPHC) over the period January 2012 to May 2015 blamed the hospital’s management for not tackling minor deficiencies which resulted in millions in losses.

“In our view, Management did not allocate the necessary resources to curb deficiencies which could have been easily corrected. Instead the deficiencies continued and cost the hospital millions of dollars which could have been [put] to better use,” the report by accounting firm Ram and McRae says. The investigation covered the period January 2012 to May 2015. The report, seen by Stabroek News, was submitted to the Ministry of Finance on July 21.

The review revealed a number of issues, primarily in the