The safety-net funding was part of a larger, $27 billion agreement between CMS and the state government over the Medicaid program, which received preliminary approval in December.
The seven hospitals — Boston Medical Center, Cambridge Health Alliance, Holyoke Medical Center, Lawrence General Hospital, Mercy Medical Center in Springfield, Signature Healthcare’s Brockton Hospital and Steward’s Carney Hospital in Dorchester — must submit a proposal to CMS on how they plan to use the funds, according to the report.
More Coverage on Massachusetts Hospitals:
Healthcare Cost Reduction Bill Passes Massachusetts Senate
Massachusetts Senate Unveils Healthcare Payment Bill
Dr. Don Berwick Urges Massachusetts Lawmakers to Keep Spending Bills Ambitious
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.