Hospitals shed 135,000 jobs in April while losing an estimated $51 billion
Hospitals shed 3% of their workforce in April as the coronavirus and related government policies led to an estimated $51 billion revenue loss.
Some hospitals pursue coronavirus assistance through FEMA — the ‘payer of last resort’
Hospitals are seeking FEMA funding to cover expenses incurred as part of their coronavirus responses.
New hospital price transparency requirements included in IPPS proposed rule
CMS wants hospitals to start reporting median health plan payment rates and may use the information to help determine Medicare rate changes.
Rural hospitals get financial assistance as COVID-19 exacerbates their struggles
The federal government has begun to release financial assistance targeted to rural hospitals as they struggle with cash shortfalls amid the shutdown of elective procedures.
New ‘terms and conditions’ added for providers accepting latest round of CARES funding
Hospitals will have additional terms and conditions with which to comply if they accept a share of $20 billion in new federal assistance.
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.
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.
April 23 deadline looms for hospitals in ‘high-impact’ COVID-19 areas to provide information to receive CARES Act funds
Hospitals hit by COVID-19 cases face a tight deadline to let HHS know they are interested in new funding that will be distributed next week.
How hospitals can preserve cash amid rising costs, crashing revenues brought on by COVID-19
The need to preserve cash is becoming more acute amid plummeting revenues and rising costs. Leaders and industry consultants are getting creative in search of solutions.
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.