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Dear Colleagues,
 

CMS is shaking things up again for hospitals.

In the latest proposed rule (published on 8/12/20), approximately 1,740 procedures from hospital inpatient care settings would shift to ambulatory surgery centers (ASCs) over a three-year transitional period, with total elimination of the IPO list by Calendar Year (CY) 2024.

What is the effect? 
Hospital laboratories will see a reduction in inpatient test orders. Conversely, clinical laboratories will see an increase in test orders, especially as doctors transition to more outpatient procedures.

Why is this happening? 
CMS wants to bring down healthcare costs by encouraging more price shopping and price transparency.

Speaking of price transparency, time is running out to meet the new hospital requirements, effective 1/1/21.  If you're interested in working with a vendor who you can outsource all of these requirements to, schedule a call with me by clicking here [SCHEDULE CALL]. 

We have clients who need help just with the machine-readable component.  In other words, we can help you with all the price transparency requirements or just some of them, such as the machine-readable file.

If you missed our webinar to HFMA that describes our services, a full recording can be watched [HERE].




Regards,

Rick Louie
Managing Director
Hospital Pricing Specialists LLC

LinkedIn Profile:  https://www.linkedin.com/in/ricklouie/

Click Here to [Schedule a free 15-minute meeting with me.]



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