Program allows Ill. providers to cash in Medicaid receivables.
The Illinois Health Facilities Authority soon will start a $100 million commercial paper program that will use a pool of Medicaid receivables from hospitals and nursing homes to back the issue. The plan is designed to provide money to improve cash flow at facilities facing long delays in reimbursement for Medicaid patients.
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D000067:Accounts Payable and Receivable; D002202:Capital Financing / Q000639:trends*; D004469:Economics, Hospital; D007087:Illinois; D008484:Medicaid / Q000191:economics*; D009735:Nursing Homes / Q000191:economics; D014481:United States