Major hospital system in Miami in ‘death spiral’ as it runs low on cash, may lose suppliers
By APWednesday, March 10, 2010
Big Miami-Dade hospital system nears insolvency
MIAMI — The major hospital network Miami relies on for trauma care is close to insolvency and could be cut off by suppliers.
Executives for Jackson Health System surprised its governing board Tuesday by saying the nonprofit is near or already in a “death spiral” as it runs low on cash.
Chief Operating Officer David Small says any day he could hear from a surgeon without enough supplies to operate.
The hospital system is the only Level 1 trauma center set up to provide emergency care around the clock in Miami-Dade, which is Florida’s most populous county and the 8th largest in the nation.
The hospital system needs a $67 million advance from the county to avoid coming within a day and a half of operating cash by April 5.
Information from: The Miami Herald, www.herald.com
