Massena Memorial CEO: Chances of recouping Medicare money ‘slim’

Massena (N.Y.) Memorial Hospital leaders remain skeptical they will receive any money back from the $1.6 million they were told they had to pay to the federal Medicare program, according to a Daily Courier-Observer report.

Advertisement

“We think the chances are pretty slim,” the hospital’s CEO, Robert Wolleben, said, according to the report.

Last November, Medicare notified MMH officials, claiming the hospital owes $1.6 million to Medicare after the federal program overpaid the hospital. The hospital, which receives funds from the Medicare low volume adjustment, was told to pay the amount by a certain time or it would be charged 9.635 percent interest.

The notification came after Medicare recalculated their reimbursement formula, making the change retroactive to 2011. Other hospitals in New York and Maine were also told they owed Medicare money, according to the report.

MMH worked out a six-month payback schedule, according to the report. But in the meantime, Mr. Wolleben said, they had reached out to Sen. Charles Schumer (D-N.Y.) for assistance. Despite efforts by the senator’s office, nothing has transpired yet — and may not, according to the report.

“They’re still working on it. If it happens, that’s a guess, I think it will happen late in the federal year, which is September, and it may be some kind of negotiated settlement that’s buried somewhere else. That would be my guess. I think it’s going to be very difficult to get it,” Mr. Wolleben said.

 

More articles on healthcare finance:
California hospital to close after takeover deal falls through
4 hospitals receive credit downgrades in past month
5 latest hospital bankruptcies

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.