CRM Cutting Healthcare Regulations in Attempt to Save $1B

blank
Photo: dinostock

The move to eliminate a handful of regulations should save health care companies more than $1 billion next year according to the federal Medicare agency.

The Centers for Medicare and Medicaid Services announced Tuesday that it will strike down certain rules for hospitals in response to President Obama’s call for feds to find and eliminate unnecessary regulations.

According to CMS Administrator Don Berwick, the agency will remove several requirements including a rule that requires multiple hospitals in the same system to have its own individual governing board.

If hospitals were able to set their own management structure, CMS will have freed up funds that it can delegate to other priorities, said Berwick.

Rules requiring rural hospitals to perform certain test in-house will be eliminated as well allowing hospitals to outsource testing. CRM will also eliminate restrictions on work nurse practitioners and other non-physicians can do.

Berwick indicated these measures will save $1.1 billion next year and $5 billion over five years.

You may also be interested in...

Wind Turbine

DOE to Back Wind Turbine Generator Dev’t Projects

The Department of Energy (DOE) has earmarked $8 million in funds to support eight projects that will cover the development of lightweight wind turbine generators for offshore and tall wind usage. The department seeks to lower the cost of wind generation by 10 to 25 percent and produce generators that are 50 percent smaller and lighter through the effort.

Leave a Reply

Your email address will not be published. Required fields are marked *