Posted on Thursday, April 14, 2016 12:52 PM
A new mandatory payment system for joint replacements requires participation from more than half of the hospitals to avoid risk of losing money. According to research and data analytics, more than 67% of hospitals in the 67 regions are expected to face penalties.
CJR presented a new approach last July to payment reform from CMS. The plan explains that the hospitals in affected regions will be responsible for Medicare spending on hip and knee replacement episodes of care, including hospital and post-hospital costs. The new feature is the mandatory aspect of the program. “The mandatory programs are CMS’ attempt to bring the remaining hospitals into a value-based payment world,” said Josh Seidman, senior vice president at Avalere Health.
For the full article, click here.
About Corridor
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.
