Yes Virginia, there is a cost shift: Hospitals with higher occupancy rates due to COVID-19 provide more evidence
HFMA's Chad Mulvany says that even though the COVID-19 pandemic is a unique circumstance, emerging margin data from hospitals in the Northeast provide additional evidence in support of the cost shift.
Medicare suspends COVID-19 advance payments for Part B providers
Medicare has suspended access to advance payments for Part B providers during the COVID-19 pandemic.
The large print giveth: HHS provides more details on its plans to distribute the initial $100 billion from the CARES Act
HFMA's Chad Mulvany says healthcare providers will want to make sure they’re enrolled in the program to cover claims for uninsured patients with COVID-19.
Federal government responds to COVID-19 crisis
The U.S. Congress has responded to the COVID-19 Crisis by enacting three pieces of legislation, as of April 9, that include relief to hospitals.
Congress approves $75 billion in additional COVID-19 relief for providers
President Trump signed legislation April 24 to add $75 billion to provider relief related to the effects of the coronavirus.
Increased Medicare payments for COVID-19 care to stretch back to late January
Medicare will pay add-on bonuses for hospitals' patients treated with COVID-19 as far back as late January, says CMS.
CARES Act funding ‘terms and conditions’ raise concerns among hospital advocates
Advisers are warning hospitals that the terms and conditions of CARES Act assistance are vague, contradictory and need to be reviewed by legal counsel.
Healthcare organization partnerships with Area Agencies on Aging help reduce the total cost of care
Area Agencies on Aging are well-established resources for enhancing the health and well-being of a community’s elderly population and a natural partner for hospitals as they strive for a holistic approach to caring for older adult patients.
$100 billion in HHS provider relief funding falls short in reimbursing healthcare organizations for COVID-19 patient care
HFMA's Chad Mulvany details why the Health and Human Service $100 billion in provider relief funding is insufficient to provide the nation's healthcare organizations with financial stability in the face of the pandemic.
Details released on how much each provider will receive from $30 billion in CARES funding
Hospitals should have begun receiving CARES Act funding April 10, but the funds require accepting specific terms.