Some Providers Face Daunting Repayment Deadline for Medicare Advance Loans
08/03/2020
Starting this month, some providers are facing the prospect of their Medicare payments garnished to repay COVID-19 loans, according to a FierceHealthcare report.
The pressing August 1 deadline has sparked concerns from some experts and hospital groups that worry providers couldn’t afford to lose out on Medicare revenue as they combat revenue losses caused by the pandemic. While the program was intended to be a short-term solution, COVID-19 surges are proving that is not the case for some hospitals.