XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

12.  SUBSEQUENT EVENTS

 

The Company has evaluated all material events occurring subsequent to the balance sheet date for events requiring disclosure or recognition in the condensed consolidated financial statements.

 

On October 1, 2021, Tyler Memorial Hospital in Tunkhannock, Pennsylvania, which previously offered inpatient care and surgical services as a stand-alone acute care hospital, began operating as a campus of Regional Hospital of Scranton, in Scranton, Pennsylvania, offering emergency room and outpatient services such as primary care, laboratory and imaging. Effective with this change, the Company owns or leases 83 hospitals, comprised of 81 general acute care hospitals and two stand-alone rehabilitation or psychiatric hospitals.

 

Pandemic Relief Funds and Medicare Accelerated Payments:

 

In October 2021, the Company submitted a combined application for Phase 4 of the Provider Relief Fund (“PRF Phase 4”) and amounts appropriated by the ARPA for providers serving rural healthcare patients (“ARP Rural”). No amounts have been received by the Company for the PRF Phase 4 or ARP Rural programs as of the date of this Form 10-Q, and the Company is not able to predict the extent to which it may receive amounts pursuant to such programs, if any.

 

The outstanding balance of Medicare accelerated payments of $814 million as of September 30, 2021 was repaid in full to CMS in October 2021, prior to the date of this Form 10-Q, through a combination of recoupments via Medicare remittances and lump-sum payments.