FAH Demands More Time For Providers to Repay Advance Medicare Payments Due Soon
06/18/2020
The Federation of American Hospitals is imploring Medicare to give providers more time to repay advanced Medicare loans sent out to help providers facing a financial crisis from COVID-19, according to a FierceHealthcare report.
The hospital group launched a new initiative Wednesday called “Time is Running Out” to highlight a 45-day deadline for providers to repay loans even though many are still struggling financially.
“For most hospitals, this deadline is fast approaching, well before experts expect a return to pre-pandemic patient volumes or revenues, and as many communities are experiencing spikes in COVID-19 cases,” a report from FAH said.