The Bipartisan Budget Act of 2018 modified the qualifying criteria for the low volume hospital payment adjustment for fiscal years 2019 through 2022. Under the modified criteria, the payment increases are applicable for hospitals that have less than 3,800 total discharges and are located more than 15 road miles from another hospital (excluding critical access, [...]
The Department of Health and Human Services (HHS) has announced new reporting requirements for providers that received more than $10,000 in Provider Relief Funds. This dollar limit is applied in the aggregate for all the distributions from the Provider Relief Fund (i.e. General, High Impact, Safety Net, Rural, Nursing Home, and others) and not to [...]
The Department of Health and Human Services (HHS) has distributed a significant portion of the $100 billion appropriated in the CARES Act for the Provider Relief Fund. Provider Relief Fund payments are being disbursed by both “General” and “Targeted” Distributions. The Provider Relief Fund Frequently Asked Questions (FAQs) were recently updated to address the control [...]
The Bipartisan Budget Act of 2018 included changes outlined below regarding hardship distributions requirements for most defined contribution plans. The following changes are mandatory effective January 1, 2020: Requirements prior to January 1, 2020 Requirements as of January 1, 2020 6-month suspension of contributions after taking a hardship distribution No suspension of contributions allowed No [...]
The Setting Every Community Up for Retirement Enhancement (SECURE) Act includes significant provisions to increase access to retirement funds. Changes included in the SECURE Act: $5,000 withdrawal available upon birth or adoption of a child Required Minimum Distribution age changes from 70 ½ to 72 Part time employees are eligible for participation if they have [...]
The last round of the Department of Health and Human Services (HHS) CARES Act Provider Relief Fund was a $10 billion distribution to safety net hospitals. Hospitals must have met certain criteria to receive a minimum payment of $5 million up to a maximum of $50 million. Acute care hospitals were eligible if they meet [...]
On Thursday, June 11th the Governmental Accounting Standards Board (GASB) issued a proposed technical bulletin to clarify accounting and financial reporting issues related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Disease. There is a 15-day comment period with an immediate effective date upon final issuance. The following [...]
The Department of Health and Human Services (HHS) has plans to distribute an additional $10 billion in provider relief funds to hospitals that have been significantly impacted by COVID-19. To determine the distribution, HHS is requesting hospitals provide the number of positive COVID-19 inpatient admissions for the period January 1, 2020 to June 10, 2020. [...]
In the FY 2021 IPPS Proposed Rule, the Centers for Medicare and Medicaid Services proposes to codify its bad debt policies included in Chapter 3 of the Provider Reimbursement Manual. The following longstanding policies would be applied retroactively to past cost reporting periods. To determine a beneficiary to be an indigent non-dual eligible beneficiary, the [...]
Per the HHS Press Release on May 20, 2020: Today, the U.S. Department of Health and Human Services (HHS) is reminding eligible providers that they have until June 3, 2020, to accept the Terms and Conditions and submit their revenue information to support receiving an additional payment from the Provider Relief Fund $50 billion General [...]