The Florida House proposed reducing state hospital funding by $250 million, which, when incorporating lost federal matching funds, would total about $651 million, according to the report. State senators have proposed the same $250 million hospital funding cut.
Florida lawmakers previously requested financial information from hospitals to help determine state hospital funding cuts.
While lawmakers have proposed about $651 million in Medicaid cuts, hospitals are still slated to receive monies through Florida’s Low Income Pool program to aid the state’s safety-net hospitals. Earlier this month, Republican Florida Gov. Rick Scott and the federal government announced an agreement for a $1.5 billion annual commitment for the LIP program.
More articles on healthcare finance:
OIG tags Arkansas hospital for incorrect billing
LifePoint eyes new acquisitions as profit rises
For-profit hospital stock report: Week of April 24-28
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.