The WSHA is attempting to overturn legislation that gives the state general fund money from an account which is completely funded by a state hospital tax and designed to finance hospital services to the poor and vulnerable. This diversion of funds from the Hospital Safety Net Account will reduce state and federal funding for hospitals by $260 million.
Read the WSHA release on hospital funds.
Related Articles on Hospital Finances:
Nearly 60% of Hospital Executives Extremely Concerned About Regulations’ Financial Impact, U.S. News Survey Finds
St. Vincent Regional Medical Center Posts $21.3M in 2009 Revenue
Massachusetts’ MetroWest Medical Center Posts $10.6M for FY 2010
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