Consultant: Medicaid reforms bode ill for Jackson
A statewide expansion of Medicaid reform, expected to be a prime topic next spring in the Legislature, could have devastating effects on Jackson Health System, its governing body was told Monday.
Consultant Richard Klass said the cash-strapped Jackson could see a worst-case loss of $291 million in revenue and up to 2,180 employees unless it acted aggressively to deal with state reforms, which would push virtually all Medicaid recipients into managed care organizations -- saving money for the state but potentially reducing cash flow to Jackson.
The discussion came during a two-day retreat of the Public Health Trust in which board members examined ways to make Jackson financially sustainable over the next decade.
- CEO Exchange: Preparing for Population Health
- EHR Systems 'Immature, Costly,' AMA Says
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- 3 Strategies for Retaining Millennial Employees
- 'Early Offer' Malpractice Programs May Spur Reform
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- Hospital mergers may lead to higher prices