Newport (R.I.) Hospital, Warwick, R.I.-based Kent Hospital, South County Hospital in Wakefield, R.I., and Westerly (R.I.) Hospital were previously reimbursed on a lower wage index than other hospitals in the state, resulting in significant pay disparities for hospitals in close proximity to each other.
Newport will receive about $968,000 more in Medicare reimbursement in fiscal year 2014 due to the wage index adjustment. Kent will get roughly $2.7 million, South County will receive an estimated $1.09 million and Westerly will get about $990,000 more in reimbursements.
More Articles on Medicare Payments:
Tightened Billing Requirements for Canceled Elective Surgeries Could Save Medicare Millions
Parkland Memorial Hospital Keeps Medicare, Medicaid Funding
Medicare Hospice Pay Rates to Rise 1% in 2014
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