Florida Hospitals Losing $287M in Medicaid Funding in New State Budget

Florida hospitals will lose $287.3 million in Medicaid funding as part of a new state budget passed by the legislature and sent to Gov. Charlie Crist to sign, according to a report by the Orlando Business Journal.

Advertisement

Hospitals will have to deal with the 7 percent rate cut, going into effect in July, at a time when statewide Medicaid patient volume has risen by 300,000 a year.

Read the Orlando Business Journal’s report on Medicaid funding.

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.