Government Funding

CMS is piloting a value-based primary care model in eight states through the Center for Medicare and Medicaid Innovation that will seek to create more coordinated care for rural and underserved populations.

A provision of the newly enacted New York state budget tweaked the rules of Vital Access Provider Assurance Program, a $1.4 billion pool of Medicaid funds set aside to rescue health-care institutions in “severe financial distress.”

The first phase of the plan includes a 700,000-square-foot hospital to replace an aging facility. The second phase includes housing, a hotel and healthcare-centered retail and restaurants in a health and wellness village.

The loans will be administered by the state's department of healthcare access and information, and the California Health Facilities Financing Authority.

A report last month paid for by the California Hospital Association warned that 20% of the state’s more than 400 hospitals were at risk of closing.

Kaweah Health launched a "Back in Black" recovery program in the summer of 2022 and posted a net income of almost $1 million in the third quarter of fiscal 2023 ending March 31.

The Arkansas General Assembly committed $12 million to the University of Arkansas for Medical Sciences (UAMS) to support the new South Arkansas Regional Hospital.

Two Colorado hospitals that ran short on cash in recent months attributed the need to repay Medicare for interest-free loans received at the beginning of the pandemic as one factor.

The new hospital is being made possible by a $325 million state budget allocation.