U of L Hospital indigent care fund stripped of $2M

University of Louisville (Ky.) Hospital's indigent care fund will lose $2 million under changes to the city's budget, according to the Courier-Journal.

Kelly Downard, Republican councilman for the 16th district of Louisville Metro, proposed the changes to the budget.

Under Mr. Downard's amendment, $2 million was transferred out of U of L Hospital's indigent care fund and $800,000 was taken out of city funds for salt for the roads. The majority of the funds, $2.55 million, will go toward road paving projects, and the remainder will be used for a Louisville Zoo project, according to the report.

U of L Hospital's indigent care fund was allocated $5 million this fiscal year, and about $3.6 million remained in the fund before the budget changes were made.

More articles on healthcare finance:

Catholic Health's hospitals sees 84% drop in net income: 3 things to know
Medicare payment overhaul proposal draws opposition from industry stakeholders
Sutter Health sees net income fall 80% in 2015

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars