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Friedlander and interpreter Virginia Moore announced the new hospital payment program. Hospitals agree to follow higher quality standards to get more money from Medicaid, which covers 1/3 of state s population
By Melissa Patrick
Kentucky Health News Jan 25, 2021
Friedlander and interpreter Virginia Moore announced the new hospital payment program.
With up to 28 rural Kentucky hospitals vulnerable to closure if their finance don t improve, Tuesday s announcement of a new payment model to increase the amount Kentucky s hospitals are paid for Medicaid patients is cause for their celebration. Improved reimbursement for Kentucky s hospitals is vital for their survival. Medicaid . . . does not cover the full cost of caring for the patients we serve, Nancy Galvagni, president of theÂ
Credit Screenshot from Gov. Andy Beshear
Governor Andy Beshear in a Tuesday press conference on the coronavirus announced Kentucky hospitals will receive an additional $800 million to $1 billion annually to help advance the quality of care of Medicaid members and to provide a stable financial base for hospitals that plans to extend beyond the challenges of the COVID-19 pandemic.
Cabinet For Health And Family Services Secretary Eric Friedlander commented on the approval from Centers for Medicare & Medicaid Services on the new directed payment initiative that increases in-patient medicaid payments for Kentucky hospitals. He said this program would improve the quality of care Kentucky hospitals will be able to offer, which would not be possible without the partnership with the Kentucky Hospital Association.