The state will “hit pause” on the decision, which would have reduced Medicaid reimbursements for seven hospitals and increased reimbursements for the others beginning March 1, Steven Costantino, commissioner of the Department of Vermont Health Access, said, according to the report.
With the changes, Vermont’s seven largest hospitals, including University of Vermont Medical Center in Burlington and Rutland (Vt.) Regional Medical Center, would be paid about 75 percent of what Medicare pays, rather than the previous 87 percent, according to VTDigger. For small hospitals in rural areas, it would be about 112 percent instead of 93 percent.
Mr. Costantino said in the report hospitals billed Vermont about $20 million more last year than in 2014, and the rate changes were necessary this year to make up the difference.
He said the changes have been halted to explore alternatives to address the reimbursement issues.
More articles on finance and revenue cycle management:
HomeTown Health’s new RCM training program targets Iowa hospitals: 8 things to know
Neb. senator: Rape victims shouldn’t be billed for examinations
3 reasons hospitals struggle with collections
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.