The proposal, part of Jacksonville Mayor Lenny Curry’s annual budget, would provide UF Health Jacksonville with $15 million in the fiscal year that begins Oct. 1. The proposal allocates $20 million in years two, three, four and five, and $25 million in year six.
UF Health Jacksonville CEO Leon Haley said the funds would help the hospital upgrade its fire system, generators, air conditioning and roofs, according to the report. Money would also go toward renovations of operating rooms and other facilities.
UF Health Jacksonville is a 695-bed academic health center serving many uninsured patients. As a safety-net hospital, it faces various reimbursement challenges and proposes the $120 million to help it complete capital projects sooner.
The Jacksonville City Council must sign off on the budget beginning in October and separately approve amounts for subsequent years.
More articles on healthcare finance:
How financial distress forecasting can help hospitals avoid closure
Medicare office visit payments standardized in new proposal
Pennsylvania long-term care facility to shutter, lay off 122 employees
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
