Dramatic increases in labor cost and inflation are creating financial stress for Florida hospitals, with hospital expenses increasing more than 35% over the last three years.
Positive financial margins are essential for hospitals to invest in critical health care services to meet growing demand, keep pace with the rapid changes in health care and subsidize access to community services.
Download
Hospitals in Florida are reimbursed less than $.60 on the dollar of cost for care provided to Medicaid patients. Medicaid reimbursements to Florida Hospitals account for less than 4% of the overall State General Revenue budget.
DPP closes the gap on the shortfall; it is a solution to help address the funding gap between hospital Medicaid patient costs and Medicaid reimbursements for those patients.
Waiting for placement substantially increases hospital costs. The data shows over $500 million in estimated avoidable costs incurred by the hospitals with patients awaiting placement.
Timely discharges from the hospital allow beds to be available for patients who need hospital care, especially when patients often wait in the emergency department for inpatient beds.