Statement on CMS’ Expansion of its Accelerated and Advance Payment Program During the COVID-19 Emergency
By Blair Childs, Senior Vice President, Public Affairs
Keeping hospitals and other healthcare providers’ doors open, fully staffed with clinicians and stocked with the supplies needed to care for their patients during this deadly outbreak should be mission #1 for the federal government. Premier applauds the Centers for Medicare & Medicaid Services (CMS) for taking action today to expand the accelerated and advanced payment program and giving healthcare providers an avenue to receive Medicare payment immediately. This will mitigate the financial stress hospitals and other providers are under due to significant declines in revenue from cancelled procedures and other programs as well as the financial costs of caring for COVID-19 patients. We remain concerned, however that providers will face difficulty with full repayment and look forward to working with the Administration to determine how funding available through the CARES act can be used to reduce or eliminate this obligation.
About Premier, Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 175,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.