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0 0.000482858522453031 0.00202800579430235 0.00115886045388705 -0.00497344278126509 -0.0025108643167551 -0.002993722839208 0.000579430226943527
Stock impact report

Feds turn on funding spigot with $30B to healthcare providers [Seeking Alpha]

HCA Healthcare, Inc. (HCA) 
Last hca healthcare, inc. earnings: 4/21 08:30 am Check Earnings Report
US:NYSE Investor Relations: investor.hcahealthcare.com
Company Research Source: Seeking Alpha
Healthcare|On the MoveFeds turn on funding spigot with $30B to healthcare providersApr. 13, 2020 1:50 PM ETEncompass Health Corpo... (EHC)Douglas W. HouseOver the past weekend, the U.S. Centers for Medicare & Medicaid Services distributed $30B of the planned $100B in CARES Act grants to healthcare providers as they battle COVID-19.The distribution to specific providers was based on total share of 2019 Medicare Fee-for-Service (FFS) revenue (denominator is $484B).In a note, Baird is "somewhat surprised" by HHS's allocation methodology, expecting hospitals to get the lion's share considering the magnitude of pressures from the pandemic.It estimates that the grants will boost EBITDA 20-40% for post-acute providers, 6-8% for hospital operators and 3-10% for certain others.HHS has indicated that the remaining $70B will be focused on providers in hard-hit areas, rural locations and providers with lower shares of Medicare revenue.Post-acute tickers (Baird following): Encompass Healthcare (- Show less Read more
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