Of the $30 million in funding, $2.5 million will go toward Riverside General Hospital’s reopening; another $2.5 million will go to the city of Houston; and $5 million will be deposited into the Rebuild Texas Fund. The remaining $20 million will go toward projects that have yet to be finalized, according to the report.
Riverside General Hospital closed in 2015 after a financial scandal. Harris County purchased the hospital property earlier this year.
A county official told Houston Public Media the specifics of the plan have not been finalized, but the hospital will provide primary and mental healthcare services as part of the Houston-based Harris Health System, which is operated by the Harris County Hospital District.
The county official said the entire hospital reopening project will cost roughly $39 million and is expected to be completed within the next few years.
To access the full report, click here.
More articles on healthcare finance:
Children’s hospitals reported higher cash flow than adult counterparts last year, Moody’s says
S&P downgrades St. Charles Parish Hospital District long-term rating to ‘B’
This week’s 5 must-reads for hospital RCM leaders
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.