United Medical Center Receives Another Cash Subsidy

United Medical Center in Washington, D.C., has received another multimillion-dollar cash infusion as a consulting firm looks to turnaround the struggling hospital, according to a Washington Post report.

The district has paid the hospital $11 million from the city's "contingency reserve," and all funds must be paid back within two fiscal years, according to the report. UMC requested a similar $15 million cash infusion in February 2012.

In March, Chicago-based consulting firm Huron Consulting Group took over UMC's operations as part of a two-year, $12.7 million contract. Since the mid-2000s, UMC has lost millions of dollars under several different owners.

More Articles on Hospital Finance:

United Medical Center in D.C. Hopes Consultants Will Yield Better Buyer Results
Consulting Firm Takes on Operations of Struggling United Medical Center in D.C.
United Medical Center in D.C. Loses $13.8M in FY 2012

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