As part of efforts to close a $251 million gap in the state budget, state government officials diverted $50 million of federal healthcare funding from LSU Health to the Department of Health and Hospitals in order to balance cuts made there, according to the report.
As a result LSU Health has turned to its own budget for cuts, which may include layoffs, reduction in hospital beds and program cuts, according to the report.
Related Articles on Hospital Cuts:
Wisconsin Medicaid Shortfall Improves, But Cuts Still Lurk
Erlanger in Tennessee Sets Forth Labor Management Plan
Legislation Would Stop Cuts to Disproportionate Share Payments
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.