Thread: Just gonna throw out there that some well-financed hospitals in Maryland will inevitably cry poverty right now, when in fact both the Feds and the State are taking steps to ensure they can weather this pandemic. When workers demand hazard pay, take note 1/
HHS has already distributed $30 billion to hospitals, based on their Medicare Fee For Service claims in 2019. The HHS formula was public so it's easy to figure out their allocation if you have access to the old cost report data. 2/
Based on 2019 Medicare FFS data pulled I off the HSCRC's website, it looks like one of Baltimore City's most elite institutions got an immediate infusion of cash in the neighborhood of $43 million. This doesn't count other assistance that's coming. 3/
Hospitals will get another general allocation of $20 billion HHS, based on their net patient service revenue. And hospitals with high numbers of COVID patients in ICU beds will share another $10 bill. 4/
In Maryland hospitals will benefit from loosening of rate setting restrictions and global budgeting. None of this is to say that many hospitals are experiencing enormous losses from being unable to make $ off of elective surgeries. However, 5/
When the Maryland Hospital Association talks about billion $ shortfalls industry wide we should ask how that breaks down. Because some MD hospitals should be able to not only weather this, but pay their workers what they are due when they show up to work risking their lives. end/
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