HATTIESBURG, Miss. (AP) - The Forrest Health hospital system is expecting its first red ink since 2007.
CEO Evan Dillard tells The Hattiesburg American (http://hatne.ws/166Jw8Y ) that the projected $2.5 million loss for fiscal 2014 is from federal cuts, including payments for uninsured patients. He says Forrest General alone is expected to lose $3.7 in such "disproportionate share" payments.
The system also is planning for cuts of more than $10 million in cuts from the federal budget stalemate and supplemental payments.
The five-hospital system has a $1.4 billion budget. Its flagship is Forrest General Hospital in Hattiesburg.
Dillard says in an email that the hospitals must still invest in new technology and maintain jobs.
The Forrest County Board of Supervisors approved the fiscal 2014 budget in August.
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