THE Philippine Health Insurance Corp. (PhilHealth) is set to release the second tranche of its emergency cash assistance to help hospitals respond better to the increasing Covid-19 admissions.
In a statement, Philhealth officials said it will review each hospital’s use of the first Interim Reimbursement Mechanism (IRM) dole-out and will ask them to start liquidating those funds for them to be eligible for the second tranche.
PhilHealth said the second tranche of IRM funds will be made available to Covid-19 hospitals specifically those in high concentration areas such as the National Capital Region (NCR), Regions 3, 4 and Central Visayas, where bed capacity either has reached full capacity or critical levels.
For the second tranche, Philhealth said it will provide the hospitals with a cash advance equivalent to three months’ worth of their claims based on their 2019 claims data.
To date, PhilHealth already released a total of P14.7 billion to 681 hospitals nationwide under its first wave, P7.6 billion or 52 percent of which went to private institutions.
Of this, almost P4.2 billion or 29 percent was released to NCR, followed by Calabarzon at P1.2 billion or eight percent and Central Luzon at P1.1 billion or seven percent.
In Central Visayas, PhilHealth has already released P874 million.
PhilHealth assured that its funds are adequate and available to ensure that all patients, whether of Covid-19 or not, avail of adequate care when needed without experiencing financial difficulty as mandated by the Universal Health Care Law. (WBS, PR)