Posted Monday, March 8, 2021
NAHC and the National Hospice & Palliative Care Organization (NHPCO) have written to congressional leaders requesting an extension of the temporary suspension of reimbursement sequestration. CMS suspended sequestration for most of 2020, but that is currently slated to expire on March 31
The monetary impact of the pandemic is made worse by the fact that hospices have limited means of increasing their income to match rising expenses, as their payments are limited to the per diem from the Medicare Hospice Benefit.
“[The moratorium] has been a lifeline. Remember, if a hospital provider or a nursing home provider has additional costs, those can be paid for through different mechanisms,” NHPCO President and CEO Edo Banach told Hospice News. “Hospices get paid a certain number of dollars each day, and that’s all they get paid. The consequences of the [sequestration suspension] has been that hospices have been able to stay afloat, especially in rural and underserved areas.”
Click here for the full article.
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.