It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Hospital managers went along with it big time because it was good for the bottom line.
originally posted by: Gothmog
a reply to: anonentity
Hospital managers went along with it big time because it was good for the bottom line.
The Federal government gave them money for each case ov COVID
originally posted by: nugget1
originally posted by: Gothmog
a reply to: anonentity
Hospital managers went along with it big time because it was good for the bottom line.
The Federal government gave them money for each case ov COVID
An extra $30,000 per patient, IIRC. That was some good incentive to make sure hospital wards were overflowing.
Costs incurred during the period that begins on March 1, 2020, and ends on December 31, 2021
The CARES Act provides that payments from the Fund may only be used to cover costs that were incurred during the period that begins on March 1, 2020, and ends on December 31, 2021 (the “covered period”).
A cost associated with a necessary expenditure incurred due to the public health emergency is considered to have been incurred by December 31, 2021, if the recipient has incurred an obligation with respect to such cost by December 31, 2021. Treasury defines obligation for this purpose as an order placed for property and services and entry into contracts, subawards, and similar transactions that require payment. Recipients are required to expend their funds received from the CRF to cover these obligations by September 30, 2022. A.54 May Fund recipients upgrade critical public health infrastructure, such as providing access to running water for individuals and families in rural and tribal areas to allow them to maintain proper hygiene and defend themselves against the virus?
Yes, fund recipients may use payments from the Fund to upgrade public health infrastructure, such as providing individuals and families access to running water to help reduce the further spread of the virus. As required by the CARES Act, expenses associated with such upgrades must be incurred by December 31, 2021. Please see the discussion of the interpretation of “incurred” under the heading “Costs incurred during the period that begins on March 1, 2020, and ends on December 31, 2021.
home.treasury.gov...
The federal government has used a variety of strategies to provide enhanced financial support for hospitals and other health care providers to compensate for revenue loss and higher costs associated with the pandemic:
Congress established the Provider Relief Fund to bolster hospitals and other health care providers to compensate for financial losses and unanticipated costs during the pandemic. HHS has allocated $170.9 billion of the total $178 billion authorized by Congress for this Fund as of September 2021, including $14.8 billion used to support vaccine development and distribution. Of the total amount, $143 billion has been disbursed, according to GAO and HHS announcements. HHS expects to distribute another $6 billion to providers in early 2022.
In addition, $7.5 billion of $8.5 billion in American Rescue Plan (ARP) rural funds were distributed to hospitals and other providers that serve patients living in rural areas; the remaining $1 billion in rural funds is expected to be distributed in early 2022.
Congress took several steps to avoid automatic payment reductions during the pandemic. Congress waived the automatic 2% reduction in Medicare payments required under budget rules (i.e., sequestration) between May 1, 2020 and March 31, 2022, delayed until 2023 a separate 4% reduction in Medicare payments that would otherwise have been triggered in 2022 under PAYGO rules, and increased physician payments by 3% for 2022 under the Medicare Physician Fee Schedule (PFS) payments to mitigate scheduled budget neutral cuts.
Congress established the Paycheck Protection Program that provided health care providers an estimated $100 billion in Paycheck Protection Program (PPP) loans, according to MedPAC.
In addition, Congress increased Medicare payments for inpatient COVID-19 admissions by 20% during the public health emergency (PHE), established coverage and payment for administering COVID-19 vaccines, and increased payments for telehealth services, and HHS waived certain regulatory restrictions, such as allowing for expanded coverage of Medicare telehealth services. Congress also provided accelerated or advance payments as loans to providers participating in traditional Medicare to ease cash flow disruptions during the pandemic.
www.kff.org...