What is an acceptable level of lost Medicare revenue for your hospital? Well, obviously no revenue loss would be the best course of action. But it's not as simple as that when it comes down to it. You see, the trade off for ensuring your hospital isn't dinged with any penalties from Medicare is investing time, resources and money into a comprehensive Quality program. Sure, sounds great. That is, until you dive into what it means to actually invest in that solution.
A recent report from the American Hospital Association pointed out that hospitals are responsible for reporting data to nearly 50 Quality programs at an average cost of $709,000! Well, that sounds downright ridiculous when you put it that way. And while some people may be willing to throw their hands up and hope that the government regulations are lifted, that course of action actually may be just as costly.
In the graphic below we've highlighted just a few of the major programs to which hospitals are required to submit Quality data to CMS. While one program's negative reduction may only slightly impact your operations, penalties from multiple programs could cost your hospital greatly.
It's pretty shocking when you think about how much money is lost if your health system ignores these programs altogether. So how much do you think you could afford to lose? -2%? How about -5% or -8%? Instead of planning for loss, make a plan to invest in solutions that will help you build that comprehensive Quality program.
Medisolv's Quality management solutions help health systems manage their Quality reporting. Our technology makes access to your Quality data simple and our clinical consultants offer excellent support and guidance to ensure your team has a holistic Quality program. To find out more about our ENCOR solution, click here.
ECQMS 101: GETTING STARTED WITH ELECTRONIC CLINICAL QUALITY MEASURES (ECQMS)
Wednesday, February 28, 2018
1 p.m. ET | 12 Noon CT | 10 a.m. PT
Participants will learn about what makes up an eCQM, how they are implemented and how to analyze your results for your best submission to the CMS Inpatient Quality Reporting Program.
When you leave you will:
- Understand the purpose of eCQMs
- Identify the differences between Electronic measures and Abstracted measures
- Define common quality reporting terms and vernacular
- Recognize the process of implementing an eMeasure
- Identify the main quality reporting programs and their basic requirements
Medisolv offers software and services which will assist your hospital in selection, validation and submission of your eCQMs to the CMS IQR program.