Establishes the Distressed Hospital Grant Program to award grants to distressed hospitals to prevent service reductions or closures.
The Distressed Hospital Grant Program Act establishes a program within the Department of Health to award grants to distressed hospitals. Distressed hospitals are defined as those with a negative profit margin for at least three consecutive years and located more than 25 miles from another hospital. The program aims to prevent service reductions or closures. Grants are awarded based on applications, with priority given to hospitals that plan to reduce services or cease operations. The department must approve or deny applications within 60 days and distribute grants within the same timeframe.
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