The collected funds would then be matched by a 2-to-1 ratio by the federal government for Medicaid reimbursements, according to the report. In total, the hospital provider fee is expected to raise about $340 million in extra Medicaid reimbursements for hospitals and will directly benefit the 30 critical access hospitals within the state.
Mike Fogarty, CEO of the Oklahoma Health Care Authority, the state Medicaid program, said in the report that most hospitals will recoup more money out of the reimbursements than the assessed fees, and it will also help Oklahoma hospitals that care for a disproportionally high number of Medicaid patients.
Related Articles on Hospital Provider Fees:
Mississippi Hospitals Won’t Oppose Provider Tax
Ohio Legislation Will Use Hospital Franchise Fee to Avoid Medicaid Payment Cuts
Indiana Hospital Assessment Expected to Generate $100M in Federal Funds
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