Quorum Health Corporation Announces CMS Approval on 2017-2019 California Hospital Fee Program
December 19 2017 - 9:45AM
Business Wire
Quorum Health Corporation (NYSE: QHC) announced that on Friday,
the Centers for Medicare & Medicaid Services (CMS) issued
formal approval of the 2017-19 Hospital Fee Program. The approvals
include the inpatient and outpatient fee-for-service supplemental
payments and the overall tax structure. The California Hospital
Association will work with the Department of Health Care Services
to develop an implementation schedule and update the draft model to
reflect the CMS-approved amounts. By the end of January, CHA will
distribute hospital-specific schedules that include the estimated
fees and payments for the 2017-19 Hospital Fee Program.
About Quorum Health Corporation
Quorum Health Corporation is an operator of general acute care
hospitals and outpatient services in the United States. Through its
subsidiaries, the Company owns, leases or operates a diversified
portfolio of 31 hospitals in non-urban and mid-sized markets with
an aggregate of approximately 3,000 licensed beds. The Company also
operates Quorum Health Resources, LLC, a leading hospital
management advisory and consulting services business. More
information about Quorum Health Corporation can be found at
www.quorumhealth.com.
Forward-Looking Statements
Statements contained in this news release regarding expected
operating results, acquisition transactions or divestitures and
other events are forward-looking statements that involve risk and
uncertainties. Actual future events or results may differ
materially from these statements. Readers are referred to the
documents filed by Quorum Health Corporation with the Securities
and Exchange Commission, including the Company’s annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q. These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes
no obligation to revise or update any forward-looking statements,
or to make any other forward-looking statements, whether as a
result of new information, future events or otherwise.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more of its
subsidiaries or affiliates as applicable.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171219005724/en/
Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Quorum Health (NYSE:QHC)
Historical Stock Chart
From Sep 2023 to Sep 2024