Health

Mar 30, 2011 8:30 AM by Nichole Larkey & AP

Federal funding program nets $83M for hospitals

BATON ROUGE, La. (AP) - Twenty-seven private hospitals will share in $83 million as the state continues to tap into and expand its use of a federal funding program available through the Medicaid program.
Federal officials agreed to let Louisiana use the financing option in November.
The program involves collaboration between private and public hospitals to care for poor and uninsured patients. The private facility takes over low-income care previously provided by public hospitals, like those run by LSU or local hospital districts, and through a complex financing arrangement, the freed-up money from the public facilities is used to generate additional federal
matching cash.
Gov. Bobby Jindal announced the latest batch of payments Tuesday. That comes on top of $26 million that earlier flowed to 16 hospitals.

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