Since upcoming performance-based penalties could further reduce Medicare payments and commercial payors in some markets are bringing rates closer to Medicare levels, hospitals will need to learn how to significantly reduce costs.
This will mean cutting out wasted services — such as avoidable admissions, unnecessary care, lack of care coordination and provider error — which CMS says account for 40 percent of total Medicare spending.
Read the sg2 release on Medicare payments.
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
