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 the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
