Jackson Health: The projections for next year are far grimmer.
By Daniel at 30 December, 2009, 1:13 pm
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As of Oct. 31, Miami-Dade’s public hospital system had 20.8 days of cash to pay its bills, including payroll and keeping the lights on. Its governing body, the Public Health Trust, has set 20 days as the lowest Jackson should go. “When it gets below 20 days, that’s when I declare an emergency,” said Frank Barrett, chief financial officer. He said he’s already talking to county administrators on getting an advance for payroll if the system runs out of cash. “They’re aware of my cash-flow situation,” Barrett said in a telephone interview Tuesday. “They’re not going to let me miss payroll” for the 12,200 employees who work in the system. The projections for next year are far grimmer.
http://www.miamiherald.com/business/breaking-news/story/1402083.html
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