![]() QuickPay requires federal agencies to expedite payments to small business contractors with the goal of paying within 15 days. SupplierPay builds on the success of the Federal Government’s QuickPay initiative, which President Obama launched in 2011. President Obama, Senior Advisor Valerie Jarrett, National Economic Council Director Jeff Zients, and Small Business Administrator Maria Contreras-Sweet will host a meeting at the White House today with these businesses and their suppliers to discuss what more can be done to strengthen small businesses, building on the successes of the QuickPay program. For the small business suppliers, benefiting from SupplierPay means having more capital to invest in new opportunities, new equipment, and new hiring. For the larger companies, joining SupplierPay demonstrates a recognition that a healthy supply chain is good for business. To launch SupplierPay, the President is bringing together 26 companies – both large and small – that have committed to the initiative. Today, the President will announce the creation of SupplierPay, a new partnership with the private sector to strengthen small businesses by increasing their working capital, so they can grow their businesses and hire more workers. "Therefore, while the reasoning in the opinion arguably extends to the payment cuts in 2020, it would not apply to the payment cuts in 2021 or 2022," she said.As a part of his Year of Action, the President is using the power of his pen and phone wherever he can on behalf of the American people to create jobs and help hard-working Americans get ahead. It also did not conduct a survey in 2020 but did in 20. HHS did not conduct a survey in either of those years. The opinion focused on a provision that requires HHS to conduct a survey of hospital acquisition costs before implementing a change in drug payment rates. The case heard by the court involved only payments for 20, she said. Cook said the Supreme Court's decision was a big win for 340B hospitals, but it will not result in any immediate changes to Medicare payments for 340B drugs, nor does it require that HHS restore the full payment rates for those drugs. When the federal appeals court originally reviewed possible remedies to address the past payment cuts in 2019, it likened the task to unscrambling an egg, she said. "Therefore, a remedy may involve recouping payments from all hospitals paid under OPPS and re-redistributing it back to the hospitals that were subject to the payment cuts," she said. The funds were redistributed by increasing the payment rates for all other items and services paid under OPPS. She said developing and implementing a payment plan may be difficult. Cook is a practice area leader for the healthcare regulatory and compliance law firm, according to Bloomberg. The Supreme Court reversed a federal appeals court's 2020 ruling that HHS had the authority to make the $1.6 billion annual reimbursement cut. Under the payment rule, HHS cut the reimbursement rate for covered drugs by 28.5 percent in 2018, but it later lowered the cut to 22.5 percent. The case centered around whether HHS has the authority to make cuts to the program under its Medicare Outpatient Prospective Payment System (OPPS). Supreme Court win, 340B hospitals shouldn't expect to receive withheld program funds soon, McDermott Will & Emery partner Emily Cook said in a July 1 opinion piece for Bloomberg Law. 60 hospitals and health systems with great oncology programs headed into 2023ĭespite their U.S.100 of the largest hospitals and health systems in America | 2023.50 hospitals and health systems with great orthopedic programs headed into 2023. ![]() Hospitals and Health Systems with Great Heart Programs.Hospitals and Health Systems with Great Neurosurgery and Spine Programs.Revenue Cycle Management Companies in Healthcare to Know.Hospital and Health System CMOs to Know.Hospital and Health System CXOs to Know.Chief Digital Officers of Hospitals and Health Systems to Know.149 Black healthcare leaders to know | 2023.113 hospital and health system CIOs to know 2023.Past Issues - Becker's Clinical Leadership & Infection Control.Current Issue - Becker's Clinical Leadership & Infection Control.Becker's Cardiology + Heart Surgery Podcast.Becker's Ambulatory Surgery Centers Podcast.Becker’s Digital Health + Health IT Podcast.Digital Innovation + Patient Experience and Marketing Virtual Event.Conference Reviewers: Request for More Information.29th Annual Meeting - The Business & Operations of ASCs.8th Annual Health IT + Digital Health + RCM Conference.20th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference.Clinical Leadership & Infection Control.
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