Potential Medicaid IL Hospital Funding Strategies
April 6, 2020
To help address the severe financial strain imposed on hospitals due to the COVID-19 crisis, IHA has engaged the Illinois Department of Healthcare and Family Services (HFS) to discuss several potential Medicaid funding strategies. These strategies include options to expedite and increase Medicaid payments, in order to maximize the benefit from the enhanced federal Medicaid matching rate enacted by Congress. One initial result is that last week, the Illinois State Comptroller paid out more than $200 million in pending hospital Medicaid payments. Further actions are anticipated as discussions continue. See IHA’s overview for more details.