"Review of Expenses and Revenues Presented in Congressional Testimony by Touro Infirmary," (A-06-08-00012)
May 12, 2008
Complete Text of Report is available in PDF format (724 kb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.
EXECUTIVE SUMMARY:
In an audit conducted at the request of the House Committee
on Energy and Commerce, we found that Touro’s (the hospital) expenses presented
in its congressional testimony were generally accurate and supported by its
financial records. However, the hospital’s revenue as described in the
testimony for the first 5 months of 2007 did not include $3.9 million of revenue
that it received during this period. At an August 1, 2007, committee hearing,
the hospital presented a summary of financial data comparing its pre-Katrina
(January through May 2005) and post-Katrina (January through May 2007) expenses
and revenues. The hospital requested additional Federal financial assistance,
including additional grant funds from the Department, to cover losses incurred
as a result of Hurricane Katrina.
The hospital agreed with the results of our review. This was an informational
report, and we had no recommendations.