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Jackson County medical care facility reports $3.6 million Medicaid repayment, posts $4.26 million negative change in net position for 2024
Summary
Facility director told the Board of Commissioners that a $3.6 million repayment to Medicaid booked in November contributed to a $4,257,607 negative change in net position for 2024; commissioners pressed staff on census, payer mix and cash reserves.
Destiny, director of the Jackson County Medical Care Facility, told the Jackson County Board of Commissioners that the facility recorded a $3,600,000 repayment to Medicaid in the November financials, contributing to a negative change in net position of $4,257,607 for 2024.
The director said November revenue was $35,917 above budget while expenses exceeded budget by $190,550, producing a net operating loss of $15,433 for the month. For the year through November, facility revenue was $23,913 positive while expenses were $1,100,690 over budget; after accounting for the Medicaid repayment and other nonoperating items, the facility…
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