SPRINGFIELD, Mass. (WWLP) – Baystate Medical Center in Springfield could lose $28 million dollars over the next year because of an accounting error.
Baystate Medical Center spokesman Ben Craft told 22News this accounting error was made by Partners Healthcare, and it could impact Medicare reimbursement rates for Massachusetts hospitals.
The state uses wage data from Nantucket Cottage Hospital to set Medicare reimbursement rates for all of the hospitals across Massachusetts.
Partners Healthcare made several errors when calculating wages at Nantucket Cottage Hospital earlier this year. As a result, Massachusetts hospitals could lose up to $160 million in Medicare reimbursement rates from the federal government this year. Baystate health as a network could lose $35 million in total, according to the Massachusetts Hospital Association.
Baystate Medical Center spokesman Ben Craft told 22News it’s too early to tell how this would specifically impact Baystate.
Partners Healthcare did eventually send the federal government corrected wage data after catching their accounting mistakes.
Craft said they now have to wait and see whether the federal government will use the corrected wage data. “We are still hopeful that it will get resolved, and the Congressional delegation is working hard on this. It’s too early, because it’s not yet resolved, to determine the specific impact, but there is no question that the impact on Baystate, and other providers affected will be significant,” he said.