Tennessee poised to hike rate of fee on hospitals by 23% to nab $3 billion from feds

Posted on April 24, 2024April 24, 2024 by Admin

The Senate is poised to take final action on legislation hiking the rate of the state’s annual “coverage assessment” fee on hospitals by 23%, helping provide some financial relief for struggling rural and safety net hospitals. Tennessee Hospital Association officials say increasing the fee to 6% from 4.87% is expected to bring in federal matching dollars of just over $3 billion in the upcoming fiscal year.

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