Mr. Cuomo’s original budget included $39 million in Medicaid cuts. However, when the state found it was facing a $2.3 billion shortfall, amendments to close the gap included another $618 million in Medicaid cuts.
Darlene Stromstad, president and CEO of Mohawk Valley Health System in Utica, N.Y., told the Observer-Dispatch, “Cuts of this magnitude jeopardize the continued availability of comprehensive healthcare services for everyone — not just Medicaid patients — in our region.”
Proposals to curb the state’s Medicaid spending include an overall 0.8 percent cut in Medicaid payments to hospitals and all other healthcare providers, as well as ditching a planned 2 percent increase in hospital Medicaid payments. The proposed rate hike would have been the first increase hospitals have seen in a decade, according to the report.
More articles on healthcare finance:
Tennessee hospital closes, lays off 146
CMS terminates Missouri hospital’s Medicare contract
How CHS, Tenet, HCA and UHS fared in Q4
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.
