Understanding the new NOTICE Act – What it means for community hospitals

Description

Abstract: President Obama signed into law legislation that’s intended to provide patients with critical information about observation care and its financial implications. The Notice Observation Treatment and Implication for Care Eligibility (NOTICE) Act addresses how time spent in observation status can affect patients’ eligibility for Medicare coverage. This article looks at the financial implications of observation care and the legal requirements that hospitals and critical access facilities must meet.