Department of Financial Services Announces Insurance Regulatory Relief For New York Hospitals During Novel Coronavirus Outbreak

Posted to Applied Web NY on Fri, 03/20/2020 - 12:09

The Department of Financial Services (DFS) today announced it has issued guidance to insurers that they should suspend pre-authorization and administrative requirements, including certain utilization review and notification requirements for hospitals, which was developed in collaboration with the insurance industry and hospitals. The suspension of these requirements will help hospitals to meet increased demand for inpatient care due to the coronavirus (COVID-19). With this new regulatory relief, hospitals will be able to focus their resources on patient care and more efficiently discharge patients when medically appropriate, thereby freeing up hospital beds for COVID-19 patients.