Rennova Health's Medical Center Receives Certification Number

Rennova Health (OTCQB:RNVA) announced the Rennova’s Big South Fork Medical Center (BSFMC) has received its CMS Certification Number.
As quoted in the press release:

Receipt of this number is necessary to bill CMS for services and receive payment, and follows the previously announced award of full accreditation for BSFMC for a three-year term effective as of October 11, 2017. Receipt of this number enables BSFMC to complete negotiations of contracts with private payers.
“We are thrilled to receive our CMS number nearly two months sooner than we had anticipated,” said Seamus Lagan, CEO of Rennova Health. “In preparation for full accreditation and the CMS billing number, we were required to open the hospital and absorb facility operating costs as well as the expenses of treating patients. We will now be able to submit claims going forward and will be reimbursed retroactively. Approximately 60% of the services provided in BSFMC are payable by the federal government and a CMS number is required to receive these payments and secure credentialing with other insurers.”

Click here to read the full press release.

Source: www.marketwired.com