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(Photograph offered by Governor Tate Reeves workplace)
The estimated results of the proposal will present a further $160 million for hospitals yearly, which is $23 million greater than initially projected.
In September 2023, Governor Tate Reeves (R) introduced a set of Medicaid reimbursement reforms estimated to generate over $700 million in new income for hospitals in Mississippi.
The primary proposal, which was authorised by the Facilities for Medicare and Medicaid Companies (CMS) in December 2023, will increase the Mississippi Hospital Entry Program reimbursement price for Medicaid sufferers who take part within the managed care system. Below the plan, hospitals will now be reimbursed close to the typical business price for providers offered via managed care.
The second proposal introduced by Reeves final 12 months would complement Medicaid base cost charges for hospitals by reimbursing inpatient and outpatient hospital providers within the fee-for-service system as much as the Medicare higher cost restrict.
On Thursday, the Governor’s workplace introduced that CMS had authorised the second proposal. Of word, the estimated results of the proposal will present a further $160 million for hospitals yearly, which is $23 million greater than initially projected.
Governor Reeves marked the approval saying that is one other good day for Mississippi’s healthcare system.
“This extra $160 million will go a good distance in the direction of additional strengthening hospitals throughout our state. I’d prefer to thank all the medical professionals and healthcare leaders who helped get us to in the present day,” Reeves stated in a press release.
The Governor’s workplace says the Mississippi Division of Medicaid is taking steps to ship the primary spherical of funds to hospitals within the coming weeks.
Information of the second approval comes as lawmakers proceed to debate whether or not to develop Medicaid in Mississippi because the 2024 legislative session winds down. Talks are underway on if and the way the laws shall be superior earlier than sine die.
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