The $70.4 million reduction in funds is set to take effect May 23. They’re part of a larger, $4 billion national cut in disproportionate share program funds from CMS.
Amy Baker, a Florida lawmaker who leads the state’s Office of Economic and Demographic Research, told the Tampa Bay Times that cuts in the long-standing DSH program may be more significant to hospitals because DSH payments are included in “core budgets.” For hospitals that serve a high number of uninsured and low-income patients, the cuts will bring even more financial strain.
To read the full report, click here.
More articles on healthcare finance:
Washington hospital to close this month
7 health systems with strong finances
St. Louis hospital delays payroll after filing for bankruptcy
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
