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Health Care Provider Loan Program Provides a Much-Needed Cash Injection Ahead of Projected COVID-19 Surge
Funds Can Help Sustain Hospital Operations in Coming Weeks
“We are grateful that Blue Shield of California has stepped up to offer up to $200 million in short-term loans to help offset some of the heavy losses hospitals and doctors are enduring as they suspend normal operations before the expected surge of COVID-19 patients,” said Carmela Coyle, President & CEO of the California Hospital Association.
“Right now, hospitals are focused on one thing: caring for patients during this crisis,” Coyle said. “From a financial perspective, however, the immediate fiscal stress hospitals are facing pales in comparison to the long-term devastation that COVID-19 will wreak on California’s health care system as more and more hospitals are driven into the red financially.”
Following last week’s release of Gov. Gavin Newsom’s proposed $322 billion budget for 2025-26, work will now focus on ensuring allocations from a recently approved managed care organization tax are delivered in accordance with the intent of the ballot measure passed in November.
Learn about the details of the Blue Cross Blue Shield Providers Class Action Settlement, which provides $2.8 billion in relief funds to participating providers as well as valuable injunctive relief designed to improve transparency, efficiency, and accountability on the part of BCBS in its claims processing. CHA is sharing information critical to your hospital’s decision to […]
California Association of Hospitals and Health Systems is hosting two mini-conference events February 2025. The one-day in-person events will include a follow-up presentation on managing your volunteer workforce with Erika Frank, networking opportunities, future educational offerings discussion and more.
Registration is open; a minimal fee applies. A continental breakfast and lunch will be provided.
What’s happening: The Centers for Medicare & Medicaid Services (CMS) issued its calendar year (CY) 2025 Medicare physician fee schedule (PFS) final rule, in which the final CY 2025 PFS conversion factor is $32.35 — a decrease of 2.8% from CY 2024.
What else to know: CMS published a fact sheet on the CY 2025 Medicare PFS that shares the rate setting and conversion factor, and much more.
What’s happening: The Centers for Medicare & Medicaid Services (CMS) issued its calendar year (CY) 2025 outpatient prospective payment system (OPPS) final rule, including a net market basket update of 2.9%.
What else to know: CMS also establishes new health and safety standards for obstetrical services to be phased in over two years.
California hospitals face growing challenges with government underfunding having the biggest impact.
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The Centers for Medicare & Medicaid Services (CMS) has issued its fiscal year (FY) 2022 updated payment policies and other provisions for the long-term care hospital (LTCH) prospective payment system (PPS). Comments on the proposed rule are due by 2 p.m. (PT) on June 28.
On June 28th, the Office of Administrative Law (OAL) approved California Department of Public Health (CDPH) Medical Breach Regulations that went into effect July 1. The regulations do the following: Allow hospitals to conduct a HIPAA-like risk assessment and not report breaches if they pose a low probability of compromising medical information Specify the information […]
This post has been archived and contains information that may be out of date.
This post has been archived and contains information that may be out of date.April 10, 2023 | 12:30 – 5:00 p.m. CHA is proud to offer this unprecedented opportunity to improve board effectiveness and executive communications. Bring your thorny governance issues and hear what outstanding boards do differently from the rest. This session is […]
