SCHUMER ANNOUNCES ADDITIONAL $1 MILLION IN FEDERAL RELIEF FOR RICHMOND UNIVERSITY MEDICAL CENTER
brbrEarlier this Month, Schumer Announced Over $2 Million Federal Reimbursement for RUMC Services to Medicare PatientsbrbrSchumer Announces $400K in Federal Relief $600K in Federal Reimbursement for RUMC; Additional $1 Million Will Positively Impact Hospitals Financial Stabilitybrbr
U.S. Senator Charles E. Schumer today announced that the Richmond University Medical Center (RUMC) will receive an additional $1 million from the Centers for Medicare and Medicaid Services (CMS). In April, Schumer announced over $2 million in federal reimbursements from CMS and today's announcement will mean a total of over $3 million for RUMC. Schumer has been working as an intermediary to ensure that these reimbursements due to RUMC were processed in an accelerated manner, thereby averting an unnecessary cash flow burden.
"I am pleased that Richmond University Medical Center will receive an additional $1 million in relief," said Schumer. "This hospital provides critical health care to Staten Islanders and I am relieved that the Centers for Medicare and Medicaid Services acted quickly in distributing this muchneeded funding."
"RUMC is very appreciative of Senator Schumer's efforts. We approached him with a number of complex regulatory matters and he was dogged in working as an intermediary with CMS to help structure an equitable solution for RUMC," said Mike Breslin, RUMC CEO.
RUMC is a medical facility located on Staten Island. As a standalone, private hospitals, RUMC faces a challenging financial landscape. As part of the standard Medicare payment and reimbursement process, it was found that, over time, CMS owes RUMC over $2 million dollars for all the services provided to Medicare patients. In April, Schumer announced over $2 million in federal reimbursement to RUMC.
Schumer today announced an additional $1 million in federal relief for RUMC. The $1 million consists of a $400,000 in relief and a $600,000 federal reimbursement. Schumer's office has been working as an intermediary between CMS and RUMC and pushed for this necessary reimbursement to be processed in an accelerated manner. Schumer explained that this federal reimbursement will help RUMC free up money owed to CMS and will help the hospital be more financially stable in the future.
