April 14, 2024


Expect exquisite business

HHS to distribute $1.4 billion to freestanding children’s hospitals

Close to eighty kid’s hospitals will get $one.four billion in qualified support from the Provider Reduction Fund, the Division of Well being and Human Expert services announced right now.

Qualified hospitals will get two.5% of their net income from affected individual care starting up coming 7 days.

The income will go to specific cost-free-standing kid’s hospitals that are not affiliated with much larger healthcare facility techniques, as fiscal reduction to offset income losses.

Qualifying cost-free-standing kid’s hospitals ought to both be an exempt healthcare facility underneath the Centers for Medicare and Medicaid Services’ inpatient future payment technique or be an HRSA defined Kid’s Hospital Graduate Health care Education facility. 

All payment recipients ought to settle for HHS’s terms and circumstances and could be topic to auditing to certify the details provided for payment calculation are precise.

WHY THIS Matters

Kid’s hospitals have been uniquely impacted by COVID-19 and they and protection net hospitals have played a unique purpose in combating the COVID-19 pandemic, HHS explained. 

Kid’s hospitals have found the exact lower in affected individual visits seasoned by all companies. They suspended non-emergency surgeries, acquired added personal protective products and made available their capability as a backup to other hospitals in aid of regional preparedness preparing for COVID-19 affected individual surges, HHS explained.

The $one.four billion distribution will aid to make certain kid’s hospitals get reduction proportional to other hospitals throughout the nation and companies caring for young children are in a position to continue on working in susceptible communities. 

THE Bigger Craze

The money, announced by the Division of Well being and Human Expert services by means of the Well being Methods and Expert services Administration, are portion of the $one hundred seventy five billion Congress authorized in the Coronavirus Help, Reduction and Financial Protection Act and the Paycheck Defense Software and Well being Treatment Enhancement Act.

HHS explained it experimented with to offer reduction to a wide classification of protection net hospitals serving susceptible adult and young children populations by means of two rounds of qualified allocations, beginning in June when $10 billion was announced, and again in July in the total of $three billion underneath an expanded threshold. 

ON THE Record

“Kid’s hospitals have pitched in to our all-of-The us COVID-19 response by giving backup capability, extra materials of PPE, and other aid,” explained HHS Secretary Alex Azar. “Throughout the distribution of the Provider Reduction Fund, we have sent these money as quickly as we can to these who have been toughest strike by the virus, and this distribution recognizes the contributions of kid’s hospitals aiding to meet the worries of this pandemic.”

Twitter: @SusanJMorse
E-mail the author: [email protected]