Fixing Medicare Accelerated & Advance Payment Programs Critical to Patient Care
“This lifeline could become an anchor that sinks the recovery of hospitals across the country.” Chip Kahn, FAH President and CEO
Despite the fact we are still very much in the COVID fight, starting on or about August 1st, hospitals around the country will lose Medicare fee-for-service payments. These payments will be zeroed out until the borrowed funds are repaid. The repayment schedule does not account for the continued strain on our nation’s hospitals, including that many patients are reluctant to come back for care, COVID remains a scourge in increasing parts of the nation, and hospitals must prepare for an anticipated second COVID surge.