Another hospital is set to lose its Medicare funding soon, this due to a ongoing financial problems, and follows in the footsteps of a Kentucky hospital which failed to comply with the CMS Emergency Rule.
T
Ayla Ellison reports in Becker’s that Jamestown (Tenn.) Regional Medical Center is facing financial troubles and is set to see its Medicare and Medicaid funding cut in June, according to The Tennessean. https://www.beckershospitalreview.com/finance/tennessee-hospital-to-lose-medicare-contract.html
On May 29, CMS announced the 85-bed hospital will no longer receive Medicare and Medicaid reimbursements as of June 12 because it does not meet conditions of participation.
The hospital, which recently halted patient admissions, is struggling to stay afloat. In April, power was shut off to parts of the hospital because of a past-due electricity bill totaling $33,000. As of this month, the hospital owes more than $4 million to 200 vendors and has run out of necessary supplies, according to The Tennessean, which cited CMS inspection reports.
Jamestown (Tenn.) Regional Medical Center is facing financial troubles and is set to see its Medicare and Medicaid funding cut in June, according to The Tennessean.
On May 29, CMS announced the 85-bed hospital will no longer receive Medicare and Medicaid reimbursements as of June 12 because it does not meet conditions of participation.
The hospital, which recently halted patient admissions, is struggling to stay afloat. In April, power was shut off to parts of the hospital because of a past-due electricity bill totaling $33,000. As of this month, the hospital owes more than $4 million to 200 vendors and has run out of necessary supplies, according to The Tennessean, which cited CMS inspection reports.
