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Local News: Eureka Springs hospital board hires virtual CFO (5/11/21)

Tuesday, May 11, 2021 File photo The Eureka Springs Hospital Commission has a new virtual chief financial officer (CFO). At a special called meeting on Saturday, May 1, the commission voted to hire Welch, Couch and Company to provide virtual CFO services. The proposal was submitted by Bill Couch, who has worked with the hospital commission for many years. According to Couch’s proposal, his firm is asking for $7,000 per month for virtual CFO services, $9,000 annually for the Medicare cost report and $10,000 annually for preparation of the full disclosure compilation. Couch writes that he has been authorized to negotiate the contract, with the final terms being prepared in a formal letter to be signed by the his firm and the hospital commission.

Local News: Hospital commission continues CFO search (4/22/21)

Thursday, April 22, 2021 File photo The Eureka Springs Hospital Commission is still accepting proposals for a virtual chief financial officer. On Monday night, treasurer Kent Turner said the commission has received one response to its request for proposals for a CFO. Turner said the commission’s request for bids will end later this week, saying he expects to receive more applications. Turner asked CPA Brent Seay if he’s going to apply and Seay said he plans on it. “It doesn’t surprise me we haven’t gotten anything in yet,” Turner said. “It takes two weeks to put together a fairly decent proposal. I don’t think we should just assume we’re not going to get anything else because it does take time to do that.”

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