Press Release – The Guam Memorial Hospital received additional funding as a result of the Center for Medicare Services’ (CMS)approval of a $2.4 million rebasing early this year, according to the Office of the Governor.
GMHA Administrator Lillian Perez-Posadas received a notice from CMS’ contractor, Noridian, which processes and disburses Medicare reimbursements, that the money was transmitted.
Additionally, Perez-Posadas also received word of a 26 percent increase on the per diem rate for nightly hospital stays. The new per diem rate will be $1,646 effective April 17, 2019.
“These additional funds will definitely go a long way toward helping GMH in its efforts to
continue fulfilling its mission of providing quality patient care in a safe environment,” said
As a result of rebasing, GMHA received $6.3 million in January for adjustments to fiscal years (FY) 2014 to 2016 Medicare cost reports. The $2.4 million received today is part of a $2.8 million rebasing adjustment to the hospital’s FY 2018 cost report.
“This is now the second time our hospital has received rebasing adjustment funding from CMS this year which affirms a strong desire and commitment by our federal partners to strengthen our efforts of providing our people with quality healthcare. Under Lillian’s leadership, and with the addition of Dr. Annie Bordallo and Dr. Jolene Aguon to our hard-working management team, I know that we have the experience and energy to move GMH forward and sustain a strong partnership with CMS,” Gov. Lou Leon Guerrero said.
The hospital anticipates another rebasing adjustment payment for its FY2017 Medicare cost report. With the new per diem rate of $1,646, the hospital expects upwards of $6 million each year thereafter for payments on Medicare, Medicaid and MIP accounts, according to the Governor’s Office,