Mayor proposes roughly $13M subsidy for Nashville General: 5 things to know

Nashville (Tenn.) Mayor Megan Barry unveiled a proposal Friday providing Nashville General Hospital with a $13.2 million subsidy to keep the hospital operational until the end of its fiscal year, the Tennessean reports.

Here are five things to know about Ms. Barry's proposal.

1. In order to provide the hospital with the $13.2 million in funding, Ms. Barry's proposal calls for $2.4 million in cuts to Metropolitan Council programs and a hiring freeze across all the city's departments, according to the report.

2. The remaining $10.8 million would come from the city's "undesignated fund balance," which serves as the equivalent to a savings account for the city, the report states.

3. Roughly $4 million of the subsidy would not go directly to the hospital. Instead, officials would give the funds to Nashville-based Meharry Medical College to pay past-due rent and other payments owed by the hospital.

4. Nashville General Hospital CEO Joseph Webb told Becker's Hospital Review Friday the hospital requested a $19.7 million subsidy from the city, making Ms. Barry's proposal roughly $6.5 million shy of the amount hospital officials had hoped for.

5. The proposal comes roughly two weeks after Ms. Barry agreed to fund "the hospital authority to continue inpatient services at least through the end of an investigatory and decision-making process for the future model of Nashville General Hospital," the Tennessean reports. She had previously made an unexpected announcement in November to end inpatient services at the safety-net hospital.

To read the full Tennessean report, click here.

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars