These cuts, in addition to the decreasing federal Medicaid reimbursements, will leave hospitals over $500 million short. However, by reclaiming $100 million of the budget cuts, hospitals could get an additional $250 million in subsidized payments.
Sen. Anitere Flores, chair of the Senate health appropriations committee, is filling the legislation to restore the cuts to hospitals.
“There was an acknowledgement that the Legislature and the governor didn’t quite get the budget right,” said Mr. Flores, according to the report. “We said we need to come back and take a second stab” at the budget.
More articles on healthcare finance:
Collaboration between lab experts, clinicians could reduce low-value purchases
Mercy Health Network, AmeriHealth dodge split, helping 220k residents on Medicaid
Main Line Health profit margin at 5-year low
