JHS has lost $9 million in each of the past two months, according to the report. In November, JHS also imposed two-week furloughs on most employees, which the labor unions said “put an incredible strain on us and has affected service here at Jackson.”
CFO Mark Knight said the furloughs were necessary to keep the health system from dropping below 11 days of cash on hand.
Related Articles on Jackson Health System:
Jackson Health System Outsources Medicaid Enrollment, Eliminating 26 Jobs
Jackson Health System, Union Battle Over Cuts
Furloughs Ordered for 11,000 Employees at Jackson Health System in Florida
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