The Executive Office of Health and Human Services (EOHHS) announced last week that 52 acute care hospitals are eligible for $10.385 million through the Community Hospital Reinvestment Trust Fund (CHRTF). The hospitals must submit an attestation form to EOHHS by April 19 to be eligible to receive the funding.
CHRTF was established through Chapter 115 of the Acts of 2016, which required the Center for Health Information and Analysis (CHIA) to transfer to the trust fund $5 million in FY2017 and $10 million annually through FY2021. (An extra $385,000 is available in FY18 from leftover FY17 funding.) Hospitals are deemed eligible for trust fund payments through a CHIA-calculated formula that determined a hospital’s relative prices against a state median.
As a condition of receiving the payment, hospitals have to provide an attestation to EOHHS agreeing to an independent financial and operational audit, and to use the funding for improving or continuing healthcare services that benefit the uninsured, underinsured, and MassHealth populations.