Cash-strapped hospitals press Congress for more aid

Congress currently has designated $175 billion in aid to healthcare facilities and other doctor to help eliminate monetary stress throughout the pandemic, however healthcare facility groups state more is required to cover lost income and greater expenses linked to COVID-19..

The groups are pushing Congress for more money as Democrat leaders and White House officials are in a standoff over the next COVID-19 relief costs. Democrats proposed an additional $100 billion for the health care market in legislation the House of Representatives passed in May, and Republicans included $25 billion for hospitals and physicians workplaces in their counterproposal, according to the report..

Read the full Bloomberg Law article here..

Significant for-profit health center operators reported better-than-expected profits in the 2nd quarter, hospitals that didnt have much money on hand at the beginning of the pandemic requirement included relief, according to the report..

” The longer we remain in the pandemic, the more clear it becomes that this is not going to be a short-term problem,” Beth Feldpush, senior vice president of policy and advocacy at Americas Essential Hospitals, told Bloomberg Law..

More short articles on healthcare finance: Medicare payment guidelines for 2021: 11 notes for health center execsSteward, medical billing business implicated of prohibited earnings improvement schemeCMS reveals brand-new payment model for rural health centers: 10 things to understand.

Trade groups representing medical facilities are urging Congress to provide more relief aid to health care organizations to assist balance out losses connected to the COVID-19 pandemic, according to Bloomberg Law.

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