Contrary to the long-held belief that cuts in Medicare spending leads to cost-shifting over to private payer patients, a new study suggests that such private sector spending actually decreases.
Not long after the Centers for Medicare & Medicaid Services proposed boosting Medicare payments for inpatient stays by 0.8 percent , hospital stocks soared, according to Dow Jones Business News....
Unable to take advantage of a one-month delay to stave off Medicare sequestration cuts, providers will see an automatic 2 percent reduction in Medicare reimbursement begin today. The White House estimates the cuts could cost providers $11 billion in Medicare payments a year .
Lawmakers are looking to reverse a health reform provision that led to a $250 million annual windfall for Massachusetts hospitals.
In a tale of two hospital associations, Tennessee's warns its members will be left reeling by planned cuts to Medicare in the Affordable Care Act, while Missouri's claims expanding Medicaid coverage will be required to make up those cuts.
The American Hospital Association (AHA) is urging MedPAC to revise its recommended 1 percent pay bump and consider the consequences of sequestration.
As Congress continues to grapple with a solution to the "fiscal cliff" the nation officially tumbled over on Tuesday, it appears likely that any deal will include at least a short-term fix to the looming 26.7 percent cut in Medicare payments to physicians.
Many community hospitals did better than many prestigious academic medical centers in terms of care quality penalties and awards from the Centers for Medicare & Medicaid Services.
Although controversial, prepayment audits could save Medicare as much as $114.7 million, the Government Accountability Office said in a report released to the public yesterday.
Healthcare recovery auditors (RACs) collected $2.29 billion in overpayments from providers in fiscal year 2012, a record-high level that's almost three times more than last year's $797.4 million recoupment of overpayments.