Mother Frances Hospital v. Shalala

JOHNSON, Circuit Judge:

The dispute in this ease concerns the timing of Medicare reimbursement payments for costs incurred by provider hospitals under the Medicare Program. The particular costs at issue herein stem from an “advance refunding” transaction conducted by Mother Frances Hospital of Tyler, Texas (the “Hospital”) in 1987. In that transaction, the Hospital incurred “defeasance” costs when it refunded an old series of bonds ahead of schedule in order to obtain new financing. All parties agree that these costs are reimbursable. The only issue that is contested is when and how this…