Some of the affected hospitals in Florida will be drastically affected by the repayment of the funds. For example, Jackson Health System in Miami would lose $47 million in Medicaid funding and Tampa (Fla.) General would lose roughly $13 million. “Essentially it wipes out any profit we would have next year,” said Mark Knight, CFO at Jackson Health System, in the report.
The affected hospitals and Florida state officials have requested a three-year repayment plan and assurance the audit’s findings are final.
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