|
When every penny counts.(MEDICARE/MEDICAID)
From:
Healthcare Financial Management
| Date:
May 1, 2007| Author:
Roland, Tracey
| COPYRIGHT 2007 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
The Medicare wage index factor, a cost-of-living differentiator, is a primary factor in determining how a healthcare provider will be reimbursed under Medicare's prospective payment system. To understand the financial magnitude of the wage index factor, consider this: In many labor markets across the country, every 10 cents of wage differential may equate to $1 million or more in Medicare payment.
The following are examples of the financial impact for every 10-cent movem...
Related newspaper, magazine, and journal articles from HighBeam Research
|
Changes Possible to Area Wage Index
Healthcare Executive
; Hospitals should pay close attention for possible revision of methodology. Executives of the country's nearly 3,530 acute-care hospitals that will be subject to the provisions of the Centers for Medicare and Medicaid Services' (CMS) FY 2009 acute inpatient prospective payment system (IPPS) notice
|
|
|
Interpretation and treatment of wage index data vary.(Letter to the editor)
Healthcare Financial Management
; Bill Colletta, CPA Regional Director, Reimbursement Sisters of Mercy Health System St. Louis The timing of the June 2007 hfm article Is Your Organization's Wage Index Accurate ? could not have been better. The article correctly points out the need for providers to report accurate wage data. The
|
|
Hospitals to wage war over index.(wage index used for Medicare payments)(Brief Article)
Modern Healthcare
; After two years of united lobbying to repeal federal healthcare payment-growth caps imposed in 1997, hospitals may find themselves at each other's throats this year over the obscure issue of how Medicare adjusts fees based on local labor costs. The issue is the ``wage index a factor that decreases
|
|
|
The fix is in; CMS plans to correct wage-index error.(The Week in Healthcare)
Modern Healthcare
; Byline: Jeff Tieman The CMS says it plans to correct a technical error in recently published payment regulations that if left unaddressed could cost hospitals as much as $250 million in lost Medicare payments next year. Most likely the result of bad data given to the CMS by Medicare fiscal
|
|
MEDICARE GEOGRAPHIC COST ADJUSTORS:JIM NUSSLE
Congressional Testimony
; ... relief could be provided to Iowa`s under-compensated hospitals. Physician Work Component of the Physician Fee Schedule In a recent news article, Ed O`Neill, a surgeon in Dubuque, Iowa, stated correctly that, ``Recruitment and Retention of quality physicians is ...
|
