RENNOVA HEALTH, INC. OWNED HOSPITAL RECEIVES CRITICAL ACCESS HOSPITAL CERTIFICATION
December 3, 2021, 9:00 AM EST
RENNOVA HEALTH, INC. OWNED HOSPITAL RECEIVES CRITICAL ACCESS HOSPITAL
CERTIFICATION
WEST PALM BEACH, Fla., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Rennova Health, Inc.
(OTC: RNVA) today announced that the application by its hospital, Scott County
Community Hospital, Inc. (DBA Big South Fork) in Oneida, TN, for designation
as a Critical Access Hospital (CAH) has been approved by Centers for Medicare
and Medicaid Services (CMS). The effective date of approval is retrospective
to June 30, 2021.
CAH status means the hospital will be entitled to a cost-based reimbursement
from Medicare, which has the potential to increase revenue. There are a number
of benefits of CAH including that capital improvement costs are included in
allowable costs for determining Medicare reimbursement. This special
reimbursement that CAHs receive is intended to improve their financial
performance and thereby maintain access to basic health care in rural areas by
providing rural health networks and rural emergency medical services.
“We are delighted to be granted Critical Access Hospital Certification for
this hospital,” said Seamus Lagan, CEO of Rennova Health. “The opportunity for
increased revenue and reimbursement is a welcome boost to the facility for the
needed service it provides to the local community.”
About Rennova Health, Inc.
Rennova owns rural hospitals and a physician’s office in Tennessee and a
physician’s office in Kentucky. For more information, please visit
www.rennovahealth.com
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Actual results may differ from expectations and,
consequently, you should not rely on these forward-looking statements as
predictions of future events. Words such as "expect," "estimate," "project,"
"budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and uncertainties that
could cause the actual results to differ materially from the expected results.
Additional information concerning these and other risk factors are contained
in the Company's most recent filings with the Securities and Exchange
Commission. The Company cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made. The Company
does not undertake or accept any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements to reflect any
change in their expectations or any change in events, conditions or
circumstances on which any such statement is based, except as required by law.
Contact:
Rennova Health
561-855-1626
info@rennovahealth.com
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