Carlos Migoya sees deal with HMOs, new price structure and lures for high-income patients as way to cure Jackson
After a 10-month stint balancing the City of Miami’s cash-strapped budget at no pay, Carlos Migoya now takes on a more challenging role with a six-figure salary.
Mr. Migoya, a longtime banking executive, was selected to lead Jackson Health System as president and chief executive officer at a time the organization is financially in critical condition.
His initial strategy is not to cut services, he said, but will involve some layoffs.
A search committee directed to find Jackson’s next CEO agreed Mr. Migoya was the right man for the job, but some have criticized Mr. Migoya’s selection because he doesn’t have health care management experience.
Jackson’s problems are concentrated on the business side, not the health care side, Mr. Migoya said, because the hospital is considered a top comprehensive health care provider.
The hospital’s financial troubles, he said, stem from charging more for some medical services and paying higher salaries than competing local hospitals.
“We’ve had a much higher pricing that’s kept revenues away, and a high expense structure, of which the combination of the two created the losses,” he said. “We need to change that.”
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Read: “Carlos Migoya sees deal with HMOs, new price structure and lures for high-income patients as way to cure Jackson,“ an article by Miami Today.
Additional Media Coverage
- “New board has will and skill to rescue Jackson Health System;“ June 4, 2011; MiamiHerald.com