Cost Report Accuracy and Defensibility - An Imperative for Critical Access Hospitals
Traditionally, CAHs have relied on manual methods to meet the time study requirements, but these methods are often inaccurate, costly, and labor-intensive. CMS has accepted electronic time studies for years, but until recently few technologies could produce accurate and compliant results.
In a collaborative white paper, we analyzed data collected by VersaBadge’s automated time study technology and discuss the benefits that an electronic approach has for CAHs including:
- Impact of time study accuracy on CAH reimbursement
- More accurate and defensible data
- Elimination of the effort associated with manual time studies
- Using the data to provide useful insights above workflow and cost allocation
Automated ED Clinical Time Studies
The financial impact on a CAH that replaces their manual time study method with an electronic time study can be profound and could result in hundreds of thousands of dollars added to your annual Medicare reimbursement.
To learn more about how VersaBadge can help your CAH, fill out the form below