Singing River Health System may see profit in 2016

Singing River Health System may see profit in 2016
Officials presented new of the possible profit during a budget presentation on Thursday. (Photo source: WLOX)
Troubles began with the pension plan when the health system stopped contributing in 2009. (Photo source: WLOX)
Troubles began with the pension plan when the health system stopped contributing in 2009. (Photo source: WLOX)

JACKSON COUNTY, MS (WLOX) - For the first time in nearly three years, Singing River Health System may see a profit in 2016.

The news was the highlight of the budget presentation before the Jackson County Board of Supervisors on Thursday. The system has lost nearly $70 million since 2013, but officials say the system could show a profit of almost $700,000 in 2016.

Another highlight of the budget was a proposal to start funding the retirees pension plan once again; around $1.2 million for 2016. Officials are also requesting a monetary contribution from Jackson County between $1.8 and $2 million a year. If the funds are received, the retirees pension plan could be funded at 95% instead of the current 88% that has been proposed and is now in the courts.

Troubles began with the pension plan when the health system stopped contributing in 2009. Uncompensated care, which totals $120 million a year, also because problematic. The figure is based on $40 million in charity care, and about $80 million in uncollected debt for medical services.

Doug Walker will have complete details on the story tonight on WLOX news and on WLOX.com.

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