Nashville’s safety-net hospital needs another $10M infusion

The Metro Council, the legislative authority of the Metropolitan Government of Nashville, Tenn., approved a $10 million infusion of emergency funds for Nashville (Tenn.) General Hospital at Meharry in February, and the safety-net hospital now needs additional funds, according to The Tennessean. 

Advertisement

The Nashville Hospital Authority, which operates Nashville General, receives a subsidy of $35 million each year. However, hospital CEO Joseph Webb, DSc, requested and was granted an additional $10 million earlier this year to stabilize operations and address deficiencies identified in a 2015 Joint Commission report.

With collections falling $5 million below projections, Nashville Hospital Authority staff have recommended the city give an additional $10 million to stabilize the hospital’s operations for the 2016-17 fiscal year, according to the report.

The hospital authority’s board of directors is expected to consider the supplemental request in December.

More articles on healthcare finance:

Moody’s: NJ hospitals face credit pressure from M&A, reduced subsidies
Northwell releases 37-point rescue plan for Brooklyn hospitals
15 must-reads for hospital CFOs

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.