Ohio Hospitals began paying the assessments this year. For 2010, they are assessed a fee equal to 1.27 percent of total facility costs, and this will increase to 1.37 percent in 2011.
The Ohio Hospital Association has lobbied CMS since the end of last year for the additional payment, which will be distributed through “upper payment limit” reimbursements included in the state’s 2010-2011 budget, according to the report.
Ohio hospitals also received a 5 percent increase in Medicaid reimbursement rates as a result of the assessments.
Read the Crain’s Cleveland Business report on Ohio hospitals.
Read more about Ohio hospitals.
–Ohio Hospitals Reduce Infections By Half
–Ohio’s Urban Hospitals Expanding
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.