Long in the red, Jackson Health System finishes year in the black

The Miami Herald, October 19, 2012
After five years of massive struggles, Jackson Health System finished in the black for the fiscal year that ended Sept. 30, the chief financial officer said Thursday. After losing $419 million the previous three years, Mark Knight said year-end financial adjustments mean Jackson, the safety net hospital for Miami-Dade County's poor and uninsured, will show a slight surplus for the year. Last year, the situation was so dire that a Boston for-profit hospital system offered to take over Jackson to protect the county government from having to pay Jackson's bills if the hospitals couldn't meet payroll.

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