Shreveport, La.-based nonprofit Biomedical Research Foundation could receive up to $148.4 million in supplemental Medicaid payments for low-income, nonpaying patients following its Oct. 1 takeover of two hospitals within Baton Rouge-based Louisiana State University Health Care Services Division, according to a Shreveport Times report.
State lawmakers will discuss the financing and contract between the foundation and the state health department at a joint legislative budget committee meeting today, according to the report. Legislators told the Times they want more detailed information about the funding for Shreveport-based
Louisiana routinely receives federal funding for nonpaying patients on Oct. 1. Previously, the state would pay each public hospital 50 to 70 percent of its projected amount for the year in October, but the foundation stands to receive 100 percent of its eligible costs under its contract with the state, according to the report.
Last month, CMS officials approved similar supplemental payments to support the public-private partnership between LSU and Our Lady of the Lake Regional Medical Center in Baton Rouge. LSU shifted healthcare services for the area's poor and uninsured to Our Lady of the Lake in April after deciding to close Earl K. Long Medical Center, its former public hospital.
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