For more information about how to apply for, receive, and manage your hospital’s advanced payments program, please contact us.
COVID-19 patients are overwhelming hospitals in cities, including New York, New Orleans, and Detroit. But as other health systems brace for similar spikes, they also see sharp drop-offs in regular doctor visits, emergency room arrivals, surgeries, and medical procedures that are vital to maintaining their bottom lines.
The Centers for Medicare & Medicaid Services announced in late March that it would implement a national accelerated Medicare payments program to help ease the financial strain for health providers. On 4/9, CMS officials said they had already disbursed $51 billion to hospitals, doctors and other care providers.
"Healthcare providers are making massive financial sacrifices to care for the influx of coronavirus patients", said CMS Administrator Seema Verma in a statement. "Amid a public health storm of unprecedented fury, these payments are helping providers stay afloat."
For more information about how to apply for, receive, and manage your hospital’s program, please contact us.
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.@CMSGov has temporarily implemented a streamlined process for health care providers & suppliers that need accelerated & advance payments while addressing the #COVID19 pandemic, with processing times reduced to only 4-6 days. https://t.co/6Zmyl0It1z— Administrator Seema Verma (@SeemaCMS) April 7, 2020