Oklahoma City — Pauls Valley Regional Medical Center should stay open Tuesday, its CEO said, but it's far from clear that the hospital can last through Wednesday.

Frank Avignone, the hospital's CEO, said Pauls Valley needs $500,000 by the end of the week to pay overdue costs for health benefits. It needs about half of that even faster to make payroll.

“We have to have $243,000 in our bank by this afternoon,” he said when reached at about noon Monday. “If I had to stretch it until (Tuesday) morning, I think the employees would hang with me.”

The hospital won't receive any revenue for its services until it pays off its debts to NewLight Healthcare, a Texas company that managed the hospital from 2013 to early July. Avignone declined to specify how much the hospital owes, because it still is in negotiations, but NewLight claims it exceeds $2.3 million.