Declining cash reserves, compounded by the rising number of denials and reimbursement delays, are leaving hospitals financially strapped, according to a recent report.
The American Hospital Association (AHA) recently wrote a letter in support of a bill that would prohibit health plans from imposing fees on standard electronic fund transfers (EFT). The No Fees for EFTs Act would help providers combat unnecessary automatic charges and allocate funds appropriately, according to the AHA.
CMS is taking steps to ensure hospitals are prepared to comply with the revised hospital price transparency requirements in the 2024 Outpatient Prospective Payment System final rule.
Hospitals need to start preparing for major changes to price transparency requirements, according to the 2024 Outpatient Prospective Payment System (OPPS) final rule, released November 2. The final rule details a slew of changes to price transparency compliance along with reimbursement changes and updates to numerous other programs.
The conversion factor cuts that CMS floated earlier in the year are now confirmed—and heightened. Part B providers will have to prepare for a net 3.4% payment decrease across services in 2024, according to the 2024 Medicare Physician Fee Schedule (MPFS) final rule released November 2.
CMS is moving forward with its proposals to address unlawful payment reductions to 340B drug reimbursement, according to a final rule released November 2. The final rule keeps most of the provisions of the proposed rule intact with only a few adjustments based on commenter feedback.
HHS released a proposed rule on October 27 regarding the federal independent dispute resolution (IDR) process for the No Surprises Act. The rule focuses on early communication between payers and providers, the open negotiation period, batching, eligibility, administrative fee structure, and registration.
The Office of Inspector General (OIG) recently conducted an audit to determine the financial impacts of expanding CMS’ hospital transfer policy for discharges to post-acute care to include all MS-DRGs.
