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By PBN Staff
By PBN Staff
WARWICK – Four hospitals in Rhode Island will receive an additional $5.75 million in Medicare payments, the state’s congressional delegation announced Wednesday.
The payments to Kent, Newport, South County and Westerly Hospitals are a result of the renewal of the “wage index” adjustment by the Centers for Medicare and Medicaid Services, which accounts for different labor costs across the country.
“Today’s announcement is great news for Rhode Island hospitals – and ultimately, Rhode Island patients,” said Sen. Sheldon Whitehouse in a statement. “The additional funding will bring parity to Rhode Island hospitals and help ensure that they have the resources needed to keep Rhode Islanders healthy.”
A regulation issued Aug. 2 renewed the wage index adjustment for the four hospitals, which received Medicare reimbursement based on a lower wage index than other Ocean State hospitals.
Newport Hospital will receive an estimated $968,000 in additional Medicare reimbursement in fiscal 2014. Kent Hospital will receive an estimated additional $2.7 million, South County Hospital about $1.09 million and Westerly Hospital about $990,000 in fiscal 2014.