When every penny counts
Roland, T.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 61(5): 48-50
2007
ISSN/ISBN: 0735-0732 PMID: 17514908 Document Number: 609466
The Medicare wage index factor has a significant impact on hospital revenue. Four strategies hospitals can incorporate to ensure the accuracy of their wage index schedules upon submission are: Work on the components of the wage index schedule throughout the year. Develop a wage index checklist/compliance work plan. Form an internal wage index committee. Establish processes for completing each component/line item on the wage index schedule.