Word: chaing
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David H. Bor, the chief of medicine at CHA, said that health center’s small size made it inefficient to operate, especially since new Medicare regulations will not reimburse CHA when patients visit multiple health care providers in a single visit...
...CHA, a Harvard-affiliated network of hospitals and clinics that serves the North Boston area, has been experiencing financial problems since the beginning of the year, and is in the process of laying off 300 employees...
...billion. The deficit has been caused by the current economic slowdown and the corresponding decline expected in state revenue, according to Patrick’s press statement. Among the affected Cambridge initiatives are the Cambridge Health Alliance, the Center for Families, and the North Cambridge Crime Task Force. CHA, a Harvard-affiliated public hospital system that operates in more than 20 locations in the northern Boston metropolitan area, had its funding cut by $55 million. The Alliance, which had begun to lay off 9 percent of its workforce before the budgetary reduction, is trying to find new ways of financing...
...used to be that if we got an allocation of tax credits, say a million dollars, we could actually get out of the investor about $900,000,” said CHA Director of Planning and Development Terry Dumas. “Now we probably get 780,000, so we’ve lost almost 14 percent of the power of the tax credit program...
...been expecting in state revenue for the current fiscal year. “With two thirds of the year remaining, it will require draconian measures to meet this,” City Manager Robert W. Healy said. At the meeting, Keefe explained that it would be impossible for CHA to absorb such extensive budget cuts—equivalent to about 20 percent of CHA’s annual revenue—for the current fiscal year. The state’s budget cuts call for withholding $200 million in Medicaid reimbursements from healthcare providers; $40 million of those reimbursements...