Benchmarks for value based purchasing will start this year and your reimbursement will start to be affected next year.
Starting in 2012 CMS will withhold 1% of your Medicare DRG reimbursement. That will climb to 2% by 2017.
According to Beckers, average revenues for all hospitals are $180 million a year.
Conservatively, 50% of most hospitals’ revenue is derived from Medicare.
So you essentially are leaving $1.8 million on the table that you have to earn back.
There will be winners and there will be losers.
And 30% of your bonus will be based on your HCAHPS score.
Do you want to leave to chance the patient experience?
We can help by:
- making the case for the role of the Chief Experience Officer paramount in your organization
- approaching experience management fundamentally different than other organizations
- then tying it to your marketing by leveraging word of mouth and the social media enablers of it
And that is just the beginning. It will only be a matter of time before other payers follow CMS’s actions. That $2 million could be $4 million.
Call us now to keep your money and gain competitive advantage – 877-278-8791.
