Posted Sunday, March 14, 2021
President Biden’s stimulus package includes passage of a 10% boost to the home- and community-based services (HCBS) Federal Medicaid Assistance Percentage (FMAP) payment.
The payment boost will help Medicaid-based home-based care providers for now, but they worry some that funding eventually end.
“Obviously, nobody likes to go back and say, ‘Here is a reduction in your pay,’ but I think people do understand the temporary nature of the pandemic and COVID hazard pay,” Darby Anderson, vice chairman of the Partnership for Medicaid Home-Based Care said. “So that should be a little easier. But I do think states need to be careful in terms of what they use the money for. [They need to] avoid that cliff facing them in spring of 2022 when the funding goes away.”
Click here for the full article.
About Corridor
For over 30 years, Corridor has partnered with home-based care providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operating executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
Focusing on key operational, regulatory and financial challenges, Corridor delivers solutions and deep expertise in coding, clinical documentation, compliance, billing and education.
To receive the most important industry updates, insights and news impacting home health and hospice, please make sure to sign up for our weekly newsletter.