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New Medicare guidelines will cost Bay Area Hospital $300,000 in 2014
COOS BAY — New, stricter guidelines from Medicare brought on by the Affordable Care Act have more than a thousand hospitals nationwide feeling financial strain. Bay Area Hospital is no different. The hospital will lose up to $300,000 in Medicare funding this year due to the new measures, said CEO Paul Janke. The criteria, set by Centers for Medicare and Medicaid Services in 2012, cause hospitals to incur increasing penalties — starting with losing up to 1.5 percent of their reimbursement in October 2014 — if they don’t score well enough. The penalty grows a quarter percent annually until it reaches 2 percent...Read More
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