Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

No easy fix for troubled Jackson Health System

Miami Herald, February 4, 2010

Healthcare leaders in Miami-Dade County, FL, agreed that the county dare not let the financially troubled Jackson Health System fail, but no one yet has a clear idea of how to keep it going, the Miami Herald reports. The comments came a day after Jackson executives released revised figures, forecasting that the public system will lose $229 million this fiscal year. It is losing $14 million a month. The system needs about 16 days of cash, or about $70 million, just to meet biweekly payroll for its 12,000 employees, the Herald reports.