Medicare Funds On Hold For Facilities Acquired Early This Year

Facilities that were acquired early in 2020 have noticed the much needed Medicare relief fund meant to help weather the financial strains of the COVID-19 crisis, stuck in limbo.

Funds were distributed to providers based on their 2019 Medicare reimbursements by the Department of Health and Human Services (HHS), who sent money to the account connected to the provider’s taxpayer identification number (TIN).

For more on this and what is now taking place to rectify the problem, please see below.

Enhanced Enforcement Actions For Nursing Homes Unveiled By CMS

The Centers for Medicare and Medicaid Services (CMS) unveiled enhancement enforcement actions for nursing homes based on COVID-19 data and inspection results. This announcement came on June 1, 2020, expanding on the previous actions taken by CMS to assure safety and security in nursing homes during the COVID-19 crisis. Facilities with persistent infection control violations will see civil money penalties (CMPs) through enhanced accountability measures.

For more on this, please see the full CMS press release below.

Recommendation For CMS To Protect VBP Progress

To protect the progress of the value-based payment reform, the American College of Physicians (ACP) recently reached out to the Centers for Medicare & Medicaid Services (CMS) recommending to extend flexibilities in the Quality Payment Program (QPP) to protect clinicians against long-term effects of the COVID-19 crisis.

For visibility to the proposed flexibilities ACP outlined please see the below.

Medicare Advantage Penetration Continues To Grow – Opportunity For Facilities

Senior living facilities currently show that around 30% of their residents are enrolled in a Medicare Advantage (MA) plan.
We’ve been tracking this for years, noting that MA continues to grow across Ohio’s 88 counties.
Our most recent MA enrollment report shows that Ohio now exceeds 50% MA penetration in some urban counties and 40% in many rural counties.

For more on the ‘Tremendous Opportunity’ that facilities can find by educating themselves on their market see the article below.

We also provide custom reports on payer and penetration information upon request! Contact us today at info@accesselite.com.