Updates from the states as of June 26.
Global Budgeting for Rural Hospitals
Johns Hopkins University
Global budgeting is an innovative payment approach for rural hospitals that can enhance financial solvency and advance population health. Hospitals with global budgets know their revenues in advance of the year and so can concentrate on providing the services their communities need as well as on the prevention and management of chronic illness. Maryland rural hospitals have received global budgets since 2010; selected Pennsylvania rural hospitals will be starting on global budgets soon.
State Health and Value Strategies hosted a webinar in collaboration with Johns Hopkins University on global budgeting for rural hospitals. The webinar provides an overview of the State Policy Academy for states and walks potential applicants through how to put together a state team and apply for selection before the deadline of March 30.