At that rate, the hospital could lose $100 million for the year. “There’s a train at 200 mph heading straight at us,” said Treasurer Marcos Lapciuc in the report.
Plans to increase revenue and reduce costs are expected to bring the losses down to $80 million.
The public health system has experienced declining admissions and is expected to only have 12.7 days cash on hand by the end of March, according to the report.
Read the Miami Herald report on Jackson Health System.
Read more coverage on Jackson Health System:
– Audit Uncovers Questionable Jackson Memorial International Marketing Expenses
– Miami-Dade OIG Finds “Wasteful” Spending by Jackson Health’s Foundation
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