Welcome

Health Systems to Get Additional $17 Billion in Advance Payments

April 9, 2020, 8:01 PM

The Centers for Medicare & Medicaid Services has approved a total of $51 billion in advance payments to health-care providers, an increase of $17 billion over what it initially planned, the agency announced Thursday.

The CMS has approved 21,000 of the 32,000 requests for advance payments it has received under the policy created in response to the Covid-19 pandemic. Providers can apply to receive three months of their Medicare payments in advance, and some can receive up to six months.

CMS Administrator Seema Verma initially announced $34 billion in loans at a White House press briefing April 7. At the...

To read the full article log in.

Learn more about a Bloomberg Law subscription.