MIAMI (CBSMiami) – Jackson Memorial Health System officials are planning on addressing the media after a report from CBS4 news partner the Miami Herald which said Jackson is planning “significant layoffs.”

Jackson Chief Executive Carlos Migoya confirmed to the Herald Jackson would “right-size” its organization through significant layoffs.

Migoya blamed a dropping patient volume due to shorter hospital stays and more out-patient treatments as the reason for the expected staff cuts. He wouldn’t say exactly how many total layoffs would be proposed in two weeks.

According to the Herald, Jackson posted a budget loss of $18.8 million in the first fiscal quarter.

Jackson has cut $16.5 million in payments to the University of Miami, but Jackson still hasn’t put together an additional $36 million in efficiencies that were counted in the current budget, according to the Herald.

In addition, according to the Herald, the hospital system is set to lose tens of millions of dollars in Medicaid payments under a new Florida budget.

Last year, the system lost more than $100 million in Medicaid payments under Governor Rick Scott’s budget.