Compensation costs are one of the largest line expenses for healthcare providers. Make sure your payroll data is working hard to get you the most in Centers for Medicare & Medicaid Services (CMS) payments. For many hospitals around the country, managing the 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 differences in data, make the careful management of this process critical to healthcare institutions. Just a percentage point or two difference in the outcome can mean the difference in millions in additional reimbursement to providers.
By participating in this event, you should be able to:
- Articulate key CMS priorities and trends related to Worksheet S-3 reporting
- Assess the 2020 Occupational Mix Survey and its impact on the index
- Identify additional revenue available for hospitals that geographically reclassify
- Define leading practices for tracking, managing, and submitting wage data
Join us for this examination of the latest information and help for getting the most out of your compensation data.
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