Texas hospitals get $1.1B federal funding boost

Texas hospitals that provide care to Medicaid patients will receive $2.7 billion in federal funding in fiscal year 2021, up $1.1 billion from a year earlier, Texas Gov. Greg Abbott announced July 2. 

Advertisement

The funds are distributed through the Uniform Hospital Rate Increase Program, which boosts Medicaid payments to hospitals to help reduce their Medicaid reimbursement shortfall. Under the program, the Texas Health and Human Services Commission directs additional funding to Medicaid managed care organizations, and eligible hospitals receive a payment increase on claims submitted to those MCOs. 

“This federal funding is a crucial source of support for Texas hospitals that provide care for Medicaid patients,” said Mr. Abbott in a news release. “As we respond to the COVID-19 pandemic, the state is committed to ensuring that our hospitals have the resources they need to continue providing care to Texans across the state.” 

More articles on healthcare finance:
Elective surgery pause in Texas is bad credit news for hospital operators
State-by-state breakdown of 36 critical access hospital closures
6 latest hospital credit rating downgrades

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.