The Centers for Medicare & Medicaid Services (CMS) has announced its final rule for Medicare policies and payments effective on January 1, 2008 for hospital outpatient departments and ambulatory surgical centers. This new rule represents perhaps the most drastic change since the Outpatient Prospective Payment System was first implemented.
The final rule affects outpatient services furnished by general acute care hospitals, inpatient rehabilitation facilities, inpatient psychiatric facilities, and long-term acute care hospitals.
Although CMS projects that the changes will result in an average increase of 3.8% in Medicare payments for outpatient services over 2007, the 2008 changes are more dramatic than usual and could have far-reaching impact on your organization's revenue stream. This year there are several important aspects of the OPPS rule regarding additional packaging of services, creation of composite APCs and guidelines regarding evaluation and management coding. It will be important for healthcare financial executives to understand all of the operational and financial implications to future revenue, cost reporting, and billing practices.
Join Healthcare Reimbursement Monitor and reimbursement expert of Accuro Healthcare Solutions, Business Intelligence, a leading advisory firm in revenue cycle integrity and ensuring accurate charge master through proper coding and billing information, to get a better understanding of the new Medicare changes for OPPS and how it will impact your organization in, "Management Briefing: New Medicare 2008 Outpatient PPS Final Rule Changes," this special 90-minute audio conference took place in November 2007.Listen in to this program with your staff members for a comprehensive review of the Medicare CY 2008 Outpatient Prospective Payment System final rule changes and hear how it will affect your organization.
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Agenda
- Specific ambulatory payment classification payment (APC) changes
- Changes to pharmacy handling/overhead data collection, and reporting requirements
- Elimination of the observation APC
- Details about the increase in the size of the OPPS payment bundles
- The new "composite" APC groups
- Outlier payment changes
- The updates to the Reporting Hospital Quality Data for FY 2008 that will be used in determining inpatient payments
- Evaluation and management coding
- The operational and financial implications of the changes
- Question and answer session
CEOs, COOs, CFOs, CNOs vice president of finance, director of reimbursement, patient financial services, chargemaster coordinators, coding supervisors, revenue cycle coordinators, financial planners, health information management, vice president of operations, strategic and implementation consultants, operations executives, executive directors, team leaders, planners, product managers, knowledge managers, department heads, medical directors, director of managed care, director of contracting, network development and provider services directors, strategic planners, healthcare management, TPAs, network managers, company executives, medical management directors, analysts, account services and administration executives.
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