Latest News
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
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.