Lexology March 30, 2020
Congress has provided an unprecedented infusion of funding and other financial relief through a variety of new and existing programs to address the coronavirus (COVID-19) outbreak. This blog post outlines how the federal funds are flowing and how hospitals and healthcare providers will be able to access them to the extent that such information is available. Accompanying this memo is a 39-page FAQ recently developed by congressional staff that provides additional useful information.
I. Expansion of Medicare Hospital Accelerated Payment Program
Congress has temporarily expanded the ability of hospitals to receive accelerated payments under the Medicare program under the Social Security Act Section 1815(e). This allows the secretary to provide to under subsection (d) hospitals with periodic interim payments (PIPs)...
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