Gov. Scott recommended cutting additional funding to nonprofit hospitals that do not meet threshold requirements for charity care, according to the article. The cuts stem from a report that found for-profit hospitals provided about 67 percent charity care in 2015, compared to 60 percent spent on charity care by nonprofit hospitals.
“The governor expects all hospitals, especially not-for-profit hospitals, to meet the average for-profit hospital charitable purpose threshold of 67.1 percent in order to continue receiving add-on dollars from the state,” a government spokesperson told the News-Press.
Hospitals that face some of the largest cuts include Orlando-based Florida Hospital ($49.9 million in spending cuts), Orlando Health ($37.9 million), Fort Myers-based Lee Memorial Hospital ($35 million), Tallahassee Memorial Healthcare ($7.6 million), Fort Pierce-based Lawnwood Regional Medical Center ($5.9 million) and Naples-based NCH Baker Hospital Downtown ($5 million).
More articles on finance:
19 recent hospital outlook and credit rating actions
S&P revises University Medical Center of El Paso’s outlook to negative
S&P revises Good Shepherd Health System’s rating to ‘A’ on bonds
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