1. Health care waiver means $28.05M for Baystate, stability for local hospitals

    Health care waiver means $28.05M for Baystate, stability for local hospitals

    A Medicaid waiver announced last week means increased funding to local hospitals, including $28.05 million over five years in long-sought "safety net" money for Baystate Medical Center. That's money the hospital administration felt was wrongly withheld in the past. The waiver, a $52.4 billion deal between the hospitals, the state and the federal government, has three distinct funding streams: the Health Safety Net, funding for new accountable care organizations meant to improve health and save money, and improved Medicaid reimbursement rates, according to hospital executives in the Pioneer Valley.

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