Becker's Healthcare September 7, 2023
Medicare paid out $107.3 billion in advances at the height of the COVID-19 pandemic in 2020 but, for some hospitals, such a lifeline has become yet another financial challenge, according to a Sept. 6 Roll Call report.
As hospitals continue to struggle with the sustained high costs of labor and supplies, they are also burdened with having to pay back increased debt from the advances, especially in rural areas.
Some hospitals were unprepared for the length of time it would take for the economy to recover and may have spent such advances prematurely, Ge...
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