Costs will be both direct and indirect.
Direct costs include:
• Software and hardware upgrades, vendor modifications and equipment
• Coder training and clinical education
• Testing
• Temporary staffing to assist with decreased productivity and billing backlogs
• Consulting services
• Data conversion
• Redesign and printing costs for forms and reports
Indirect costs that may reduce revenue include:
• Drop in productivity
• Increased accounts receivable cycles
More Articles on Revenue:
Kansas Moves Medicaid to Managed Care
Cleveland Clinic, VHA Form Joint Venture
CBO: Medicare, Medicaid Spending Growth Slowing by 15%
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
