HEALTH CARE

Medicare reimbursements to increase at 4 R.I. hospitals in '13

COURTESY WESTERLY HOSPITAL
FOUR RHODE ISLAND HOSPITALS – Newport, Kent, South County and Westerly hospitals – will receive an increase totaling $7.1 million increase in Medicare payments for fiscal year 2013.
Posted 8/6/12

PROVIDENCE – Four Rhode Island hospitals – Newport, Kent, South County and Westerly hospitals – will receive an increase totaling $7.1 million increase in Medicare payments for fiscal year 2013, thanks to a change in the hospital wage index regulations issued Aug. 1 by the Centers for Medicare and Medicaid Services.

The regulation change in the Hospital Inpatient and Outpatient Prospective Payment System was sought by Rhode Island’s congressional delegation.

Newport Hospital is projected to receive $1.32 million, Kent Hospital is projected to receive $3.26 million, South County Hospital is projected to receive $1.31 million and Westerly Hospital is projected to receive $1.19 million.

The increase in Medicare reimbursements will improve the bottom line for the four hospitals.

For instance, in 2013, Westerly Hospital, which is currently in receivership and expected to be sold for $69 million to Lawrence & Memorial Hospital in New London, Conn., will receive $400,000 in reimbursements, instead of an anticipated decrease of $800,000.

“I thank the Centers for Medicare and Medicaid Services for recognizing the need and answering our delegation’s call to establish payment reimbursement parity for Rhode Island hospitals,” said Rep. David Cicilline in a statement.

“These important resources will help level the playing field for hospitals in Rhode Island, providing predictability so that all hospitals can best plan how to continue providing quality, safe, and affordable health care to Rhode Island patients,” added Cicilline.

Calendar
PBN Hosted
Events

Save the Date - Thursday, May 29th - for the Business Women Awards Luncheon at the Providence Marriott. Winners to be announced May 2nd.
  • Manufacturing Awards
    Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thur ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News