RENNOVA HEALTH, INC. ANNOUNCES THE EXPANSION OF SERVICES AT ITS BIG SOUTH FORK MEDICAL CENTER HOSPITAL, TO INCLUDE SWING BEDS
WEST PALM BEACH, FL -- June 13, 2023 -- InvestorsHubNewsWire -- RennovaHealth, Inc. (OTC:RNVA)is pleased to announce its critical accesshospital in Oneida, Tennessee (Scott County Community Hospital,Inc., d/b/a Big South Fork Medical Center) has received notice fromMedicare that it can now be reimbursed using a “swing bed” paymentmodel.
According to the2020 CMSinterpretive guidelines for swing beds in Critical AccessHospitals(CAHs), “a ‘swing-bed’ is a change inreimbursem*nt status.” As a payment model, then, a CAH can use itsbeds interchangeably for either acute care or post-acute care. Thereimbursem*nt “swings” from billing for acute care services tobilling for post-acute skilled nursing services, despite the factthat the patient usually stays in the same bed in the same physicallocation. A local swing bed program also directly impacts localrural residents. As a patient-centric post-acute care solution,rural patients who find themselves too well to stay in an urbanhospital but too sick to go back to their own homes can return totheir rural community hospitals for further care.
“We are delighted to add this swing bed service to our hospital”said Seamus Lagan “It will allow us to facilitate and get paid forpatients that require post-acute care services in our hospital andallow us to further support the local community by receiving localpatients who need post-acute care after receiving acute careservices in more distant urban hospitals. We expect this service tohave an immediate, positive impact on our monthly revenues".
AboutRennovaHealth,Inc.
Rennova Health, Inc. (“Rennova,” the “Company,” “we”, “us”, “its”or “our”) is a provider of health care services. The Company ownsone operating hospital in Oneida, Tennessee known as Big South ForkMedical Center, a hospital located in Jamestown, Tennessee that itplans to reopen, and a rural clinic in Kentucky. For moreinformation, please visitwww.rennovahealth.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within themeaning of the safe harbor provisions of the United States PrivateSecurities Litigation Reform Act of 1995. Actual results may differfrom expectations and, consequently, you should not rely on theseforward-looking statements as predictions of future events. Wordssuch as “expect,” “estimate,” “project,” “budget,” “forecast,”“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”“believes,” “predicts,” “potential,” “continue,” and similarexpressions are intended to identify such forward-lookingstatements. These forward-looking statements involve significantrisks and uncertainties that could cause the actual results todiffer materially from the expected results. Additional informationconcerning these and other risk factors are contained in theCompany’s most recent filings with the Securities and ExchangeCommission. The Company cautions readers not to place unduereliance upon any forward-looking statements, which speak only asof the date made. The Company does not undertake or accept anyobligation or undertaking to release publicly any updates orrevisions to any forward-looking statements to reflect any changein their expectations or any change in events, conditions orcirc*mstances on which any such statement is based, except asrequired by law.
Contact:
Rennova Health
561-855-1626
info@rennovahealth.com
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