St. Barnabas Hospital hospital in the Bronx, N.Y., recently was given some disturbing news by a state senator: His hospital could soon lose millions of dollars in government funding, according to an article on The New York Times website.
The funding cuts were proposed by a panel convened earlier this year, before the virus had reached the United States, to rein in the state’s growing Medicaid program by identifying $2.5 billion in savings.
The proposals were released in mid-March and include about $400 million in cuts to hospitals.
Asked about the proposed cuts, the N.Y. governor that hospitals would receive a windfall from the $2 trillion federal stimulus package, which provides over $150 billion in grants to hospitals fighting the virus across the country.
Read the article.
Healthcare Real Estate: Responding to Shifting Patient Demands
Over 40% of Workers Impacted by Seasonal Depression
Archer Property Partners Acquires Medical Office Building Near Tri-City Hospital
The OR HVAC Puzzle: Why Individual Systems Are on the Rise
Sutter Health Announces Plans for New Santa Clara Medical Center