Here is an article back in 2020. This being an MSM article is not as important as the supplemental links provided.
The $48,000 is what we see all the time at GAW, but apparently the actual amount varies based on geography and local rates. In the article, it mentions the following:
63 California hospitals received $50,000 for each eligible coronavirus patient they admitted between Jan. 1 and June 10, 2020. Link, but not very useful because it doesn't show # of patients
Through the CARES Act, hospital can be reimbursed an additional 20% through the Medicare system. See page 2. That would mean only inpatients with Medicare coverage are allowed for the additional money.
The funding is still ongoing, currently until 10/17/2021. This is from KFF (Kaiser family foundation). Again, we're looking for the supplemental links. First | Second
Also note the following from the KFF.org article:
Additionally, under the New COVID-19 Treatments Add-on Payment (NCTAP) policy, eligible providers in the inpatient setting receive additional payments for certain COVID-19 treatments, such as remdesivir or convalescent plasma.
Remdesivir...
Being diagnosed for COVID and admitted to the hospital with it is the criteria to be eligible for the reimbursement. It's important to note that death is not the criteria of getting the reimbursement, but the death medicines like remdesivir + use of ventilator can really drive up the bill. Imagine giving them ivermetcin that costs only $5? Note the 20% is a multiplication factor. If it's only like a small but concrete number like $3,000, we would probably see far less of this.
Again, the above only applies to people who have Medicare coverage (age 65 or older, or disabled invididuals). CARES Act for State Medicaid and Private-Sector mainly concerns with cost-sharing.
Hope it's helpful even for a little bit - thanks.
Here is an article back in 2020. This being an MSM article is not as important as the supplemental links provided.
The $48,000 is what we see all the time at GAW, but apparently the actual amount varies based on geography and local rates. In the article, it mentions the following:
63 California hospitals received $50,000 for each eligible coronavirus patient they admitted between Jan. 1 and June 10, 2020. [Link, but not very useful because it doesn't show # of patients] (https://www.hrsa.gov/sites/default/files/hrsa/provider-relief/covid-19-high-impact-allocation-2.pdf)
Through the CARES Act, hospital can be reimbursed an additional 20% through the Medicare system. See page 2. That would mean only inpatients with Medicare coverage are allowed for the additional money.
The funding is still ongoing, currently until 10/17/2021. This is from KFF (Kaiser family foundation). Again, we're looking for the supplemental links. [First] (https://www.phe.gov/emergency/news/healthactions/phe/Pages/COVID-19July2021.aspx) | [Second] (https://www.cms.gov/medicare/covid-19/new-covid-19-treatments-add-payment-nctap)
Also note the following from the KFF.org article:
Additionally, under the New COVID-19 Treatments Add-on Payment (NCTAP) policy, eligible providers in the inpatient setting receive additional payments for certain COVID-19 treatments, such as remdesivir or convalescent plasma.
Remdesivir...
Being diagnosed for COVID and admitted to the hospital with it is the criteria to be eligible for the reimbursement. It's important to note that death is not the criteria of getting the reimbursement, but the death medicines like remdesivir + use of ventilator can really drive up the bill. Imagine giving them ivermetcin that costs only $5? Note the 20% is a multiplication factor. If it's only like a small but concrete number like $3,000, we would probably see far less of this.
Again, the above only applies to people who have Medicare coverage (age 65 or older, or disabled invididuals). [CARES Act for State Medicaid and Private-Sector mainly concerns with cost-sharing] (https://crsreports.congress.gov/product/pdf/R/R46359).
Hope it's helpful even for a little bit - thanks.