Miami-based Jackson Health System is expected to have only 11 days cash on hand by the end of December, a figure that CEO Carlos Migoya said was "intolerably low," according to a Miami Herald report.
JHS has lost $9 million in each of the past two months, according to the report. In November, JHS also imposed two-week furloughs on most employees, which the labor unions said "put an incredible strain on us and has affected service here at Jackson."
CFO Mark Knight said the furloughs were necessary to keep the health system from dropping below 11 days of cash on hand.
JHS has lost $9 million in each of the past two months, according to the report. In November, JHS also imposed two-week furloughs on most employees, which the labor unions said "put an incredible strain on us and has affected service here at Jackson."
CFO Mark Knight said the furloughs were necessary to keep the health system from dropping below 11 days of cash on hand.
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