Upstate Hospitals are expected to get a financial boost from the federal government.
US Senator Chuck Schumer has announced the Centers for Medicare and Medicaid have finalized a rule that will have an estimated $1 billion impact for increased payments to Upstate area hospitals every single year from the federal government.
The Medicare Wage Index is used to determine how much money hospitals receive from the federal government for treating Medicare patients. Schumer explained that Upstate hospitals have historically received less than the actual cost of providing healthcare to their respective areas. The Fiscal Year 2023 Inpatient Prospective Payment System will increase this funding.
“This is one of the biggest shots in the arm for federal funding Upstate NY hospitals have seen in decades. This will be a monumental boost to healthcare for our families and to help our healthcare providers fix budget shortfalls, address doctor and nurse shortages and so much more. For years, our hardworking healthcare providers have faced unfairly low Medicare payments, receiving cents on the dollar for the care they provide, but now after over a decade of fighting I am proud to announce I have secured the rules change which will bring nearly $1 billion every single year to hospitals across Upstate NY,” said Senator Schumer. “Years from now, we will look back at today as a pivotal moment for our Upstate New York hospitals. From Albany to Buffalo, and Binghamton to Watertown, hospitals big and small, in rural and urban areas, will finally get the support and full reimbursements they have long deserved and have been denied for too long.”
A breakdown of how much area hospitals are expected to receive can be found below.
Southern Tier | $111,294,513 |
Cayuga Medical Center at Ithaca | $6,394,788 |
Our Lady of Lourdes Memorial Hospital | $24,349,970 |
UHS Chenango Memorial Hospital | $3,886,964 |
United Health Services Hospitals, Inc. | $43,938,198 |
Arnot Ogden Medical Center | $17,590,388 |
Guthrie Corning Hospital | $11,266,852 |
Ira Davenport Memorial Hospital | $816,775 |
St. James Hospital | $3,050,578 |
Rochester-Finger Lakes | $242,572,031 |
Clifton Springs Hospital and Clinic | $5,750,936 |
F.F. Thompson Hospital | $12,273,861 |
Geneva General Hospital | $6,880,958 |
Newark-Wayne Community Hospital | $7,461,652 |
Nicholas H. Noyes Memorial Hospital | $4,244,688 |
United Memorial Medical Center | $8,506,705 |
Wyoming County Community Health System | $2,073,851 |
Highland Hospital | $16,758,628 |
Rochester General Hospital | $57,525,016 |
Strong Memorial Hospital | $82,195,484 |
Unity Hospital | $38,876,531 |
Unity Specialty Hospital | $23,721 |
Central New York | $121,408,292 |
Oswego Health | $1,998,207 |
Auburn Community Hospital | $2,924,509 |
Upstate University Hospital | $45,604,942 |
St. Joseph’s Health (Syracuse) | $37,908,264 |
Oneida Health Hospital | $5,321,958 |
Crouse Health | $22,742,028 |
Guthrie Cortland Medical Center | $4,908,384 |