President Obama recently announced his fiscal year 2014 budget request, with $392.9 billion in reductions to Medicare and Medicaid. The potential changes could affect hospitals in several ways, including adjustments to hospital budgets and impacts on care delivery.
A few of the Medicare-focused cuts include:
- Eliminating the critical access hospital designation for hospitals located fewer than 10 miles from the nearest hospital
- Implementing site-neutral payments for some procedures commonly performed in skilled nursing facilities and inpatient rehabilitation facilities
- Implementing bundled post-acute care payments
The American Hospital Association published a special bulletin last month highlighting details of the proposal. To access the proposed budget, follow this link: https://www.whitehouse.gov/omb/budget/Overview.
To learn more about strategies for maximizing Medicare reimbursement and to better understand other recently implemented changes affecting hospitals, please visit the following.
Improve Environmental Services, Improve HCAHPS Scores: https://soriantsolutions.com/hcahpsscores/
HCAPS Changes: The Difference Between Thousands of Dollars Lost and Thousands of Dollars Gained for Hospitals: https://soriantsolutions.com/hcahps-changes-dollars-for-hospitals/
Top Three Trends in Support Services: https://soriantsolutions.com/top-three-trends-in-support-services/