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CMS Wage Index – Getting the Most from Your Data and Optimizing Your Geographic Reclassification
[03/19/2019 - 12:00 - 1:00 PM ]
For thousands of hospitals around the country, managing the Centers for Medicare & Medicaid Services (“CMS”) annual wage index is a time-consuming process with big impacts on payment revenue. The complex and ever-changing nature of the index, coupled with local oversight and geographical difference in data, make the careful management of this process critical to health care institutions. Just a percentage point or two difference in the outcome can mean the difference in millions in additional compensation reimbursement to providers.
By participating in this event, you will be able to:
- Articulate key CMS priorities and trends related to the hourly wage index;
- Assess your institution’s current wage index efforts and how they compare to industry benchmarks;
- Identify additional revenue available for hospitals that geographically reclassify; and
- Define leading practices for tracking, managing and submitting wage data.
Compensation costs are one of the largest line expenses for health care providers. Make sure your payroll data is working hard to get you the most in CMS payments.
To listen to a recording of the webinar, click here.
Speaker(s): Joseph Krause (Hall Render); Dave Andrzejewski (Crowe LLP)
Organizer: Hall Render and Crowe LLP