SYRACUSE, NY – U.S. Rep. John Katko today (Feb. 9) announced that, following passage of the Bipartisan Budget Act, which he supported, Oswego Health will receive $1.4 million to continue to serve those most in need.
The budget agreement provides a five-year extension of the Medicare low-volume adjustment policy, which provides special Medicare payments to certain small and low-volume hospitals.
Oswego Health Chief Financial Officer Eric Campbell said that a change in the regulations will allow the health system to be eligible for this additional funding specifically earmarked for rural hospitals, such as Oswego Hospital.
“We are grateful to U.S. Congressman John Katko and U.S. Senator Chuck Schumer for their vital support in securing this funding, which will allow us to continue to build on our recent quality improvements and ensure community residents have the best healthcare services close to where they reside,” Campbell told Oswego County today. “This funding will help with our physician recruitment initiatives, as well as technology and facility upgrades.”
The extension included important reforms to the low-volume adjustment policy, making Oswego Health and other rural New York hospitals eligible for funding. Beginning in FY2019 and over the course of five years, Oswego Health will receive an additional $1.4 million to provide care.
“Rural hospitals like Oswego Health face significant, unique challenges in providing care. Throughout my time in Congress, I’ve worked alongside Oswego Health to ensure they are able to deliver the best quality care and was proud to support this budget, which provides significant support and funding certainty to Oswego Health and other rural providers,” Katko said.
Jeff Coakley, Executive Vice President for Oswego Health, said, “The new funding Oswego Health will now receive through the Medicare Low-Volume payment adjustment is important to allowing us to continue providing high quality healthcare to patients in our community. Rep. Katko has long been a champion of hospitals and healthcare in Central New York and we thank him for his help in securing this funding for Oswego.”
In order for a hospital to qualify for low volume payment adjustment, it must be located 15 miles or further from the nearest hospital and have a low number of Medicare discharges.
Congressman John Katko represents the 24th Congressional District of New York, which includes all of Onondaga, Cayuga, and Wayne counties and the western portion of Oswego County.
For more information visit https://katko.house.gov or www.facebook.com/RepJohnKatko.