“The Trump administration delivered nearly $34 billion in advance and accelerated payments to providers over the past week as more and more health systems furlough workers.”
“The Centers for Medicare & Medicaid Services (CMS) announced Tuesday that it has reduced the processing time for such payments to four to six days as opposed to the earlier time frame of three to four weeks. The delivery of payments comes as providers have had to furlough workers as revenues dwindle…”
“CMS noted that the funding for the accelerated and advance payments is separate from the $100 billion in funds passed as part of the economic stimulus package.” Read the full article here.
Source: CMS has doled out nearly $34B in advance, accelerated payments to providers to combat COVID-19 – By Robert King, April 7, 2020. FierceHealthcare.
