UMMC faces unexpected $35M cut, possible layoffs
Employees at the University of Mississippi Medical Center face possible layoffs after the teaching hospital received an unexpected $35 million reduction in Medicaid funding.
That reduction came after state lawmakers had already sliced $8.2 million from the budget of the medical center — a $1.6 billion operation that employs more than 10,000 people.
The $35 million cut to UMMC, the state’s largest Medicaid provider, came as a result of a change in a state Medicaid formula to compensate hospitals that serve large numbers of Medicaid and uninsured patients.
Posted February 24, 2017 - 3:20 am