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WEST PALM BEACH, Fla., June 13, 2023 (GLOBE NEWSWIRE) — Rennova
Health, Inc. (OTC: RNVA) is pleased to announce its critical access hospital in
Oneida, Tennessee (Scott County Community Hospital, Inc., d/b/a Big South Fork
Medical Center) has received notice from Medicare that it can now be reimbursed
using a “swing bed” payment model.
According to the 2020 CMS interpretive guidelines for swing beds in Critical Access
Hospitals (CAHs), “a ‘swing-bed’ is a change in reimbursement status.” As
a payment model, then, a CAH can use its beds interchangeably for either acute
care or post-acute care. The reimbursement “swings” from billing for acute care
services to billing for post-acute skilled nursing services, despite the fact that the
patient usually stays in the same bed in the same physical location. A local swing
bed program also directly impacts local rural residents. As a patient-centric postacute
care solution, rural patients who find themselves too well to stay in an urban
hospital but too sick to go back to their own homes can return to their 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 for patients that require post-acute
care services in our hospital and allow us to further support the local community
by receiving local patients who need post-acute care after receiving acute care services
in more distant urban hospitals. We expect this service to have an immediate,
positive impact on our monthly revenues”
About Rennova Health, Inc.
Rennova Health, Inc. (“Rennova,” the “Company,” “we”, “us”, “its” or “our”) is
a provider of health care services. The Company owns one operating hospital in
Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in
Jamestown, Tennessee that it plans to reopen, and a rural clinic in Kentucky. For
more information, please visit
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 forwardlooking 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.
Rennova Health

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