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Are You a Rural Inpatient Care Hospital Considering Becoming an REH?

Are you a rural inpatient care hospital considering becoming an REH? If so, you may also be eligible for a Volume Decrease Adjustment Amidst an ongoing period of hospital closures in rural communities, Congress created a new provider category for rural hospitals called the Rural Emergency Hospital (REH). This new provider category takes effect in […]

Inflation’s Impact on Bad Debt

CMS forecasts out-of-pocket costs hitting households are projected to climb 6.1% in 2022, and an average of 4.6% annually to 2030 – roughly the same rate as their wages. This steep increase in forecasted spending suggests growing affordability issues at a time when families across America are already feeling squeezed by increasing food, interest rates, […]

CMS Guidance Regarding Accounting Treatment of Reimbursable Bad Debt

CMS guidance now specifies that uncollected amounts must be charged to an expense account for uncollectible accounts (bad debt); whereas previously, many hospitals wrote these amounts off as a contractual adjustment. This was particularly true in the case of crossover claims (where a patient was eligible for both Medicare and Medicaid), and patient accounting systems […]

Insights

Our hearts go out to the people of Ukraine, and we at HRS want to acknowledge 9 hospitals/systems who, in response to the images and reports from the war, are donating their own medical supplies and medicines to be sent to the war-torn nation.   1.   The University of Maryland Medical System in Baltimore partnered with medical supply distributor […]