A former chief financial officer at Bon Secours Cottage Health Services, Grosse Pointe Farms, Mich., intentionally misstated the hospital's financial results, the audit committee of Bon Secours Health System alleged after a three-month investigation. Bon Secours said the misstatements led it to reduce 2002 income by $15 million and 2003 income by $12.5 million. The system also said it would eliminate assets inappropriately reflected in its balance sheet, reducing unrestricted assets by $94.3 million in fiscal 2003. The former CFO, David Zilli, could not be reached for comment by deadline. The adjustments represent 3.4% of the Bon Secours' total assets, system President and CEO Chris Carney said in a news release. "While the cumulative amount of irregularities is certainly significant, it has not and will not have any negative effect on patient care or programs," Carney said. At deadline, Bon Secours officials were unavailable. -- by Patrick Reilly
Bon Secours lowers income, accuses hospital CFO
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