Cleveland-based MetroHealth System will get some support in trying to finance its planned campus transformation, but will deal with a budget cut from Cuyahoga County, according to a report published on Cleveland.com.
Here are five things to know about MetroHealth's budget cut and facility plans.
1. Cuyahoga County has approved a 2016 budget that includes $32.4 million for MetroHealth, $7.6 million less than what the county provided in 2015.
2. At the same time, Cuyahoga County has agreed to help find a way to finance up to $1 billion by the end of 2016 for a new hospital, according to the report. The health system has been working with the county on upgrading its main campus.
3. MetroHealth CEO Akram Boutros, MD, said the health system plans to set aside $30 million in 2016 and each subsequent year for the transformation plan, according to the report. Still, MetroHealth will need the county subsidy for the transformation, even if it doesn't need it for operations, Dr. Boutros added.
4. Moving forward, the health system is "confident that with the focus on partnership from the county executive and county council we will determine the right path for the county to invest in its health system," Dr. Boutros said, according to the report.
5. MetroHealth hopes for financing to be completed by the end of 2016.
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