Cost Accounting Under New Reimbursement Models
Chicago, IL — December 11
Healthcare payment systems are evolving from simple pay-for-performance demonstration projects and neverevent exclusions to Medicare value-based purchasing, readmission restrictions, and bundled payments. Expenses are also under increasing scrutiny and require accurate cost accounting data. This seminar delivers the tools and knowledge to design a best-practice cost accounting system consistent with today’s complex reimbursement environment, whether based on RCC, step-down,or activity-based costing.
After this seminar, you'll be able to:
- Document existing situations and rationalize cost allocation strategies, methodologies, and rules.
- Distinguish cost-allocation sort keys and their uses in determining profit and loss including patient days, admits and discharges, square footage, FTEs, total direct/indirect costs, physicians, departments and service lines, and depreciation expenses.
- Understand the implications of issues such as revenue offsets and grant allocation.
Basic understanding of cost accounting
Tools and Takeaways
Examples of a best-practice general ledger and cost-allocation structures
David C. Hammer
Senior Vice President, MedAssets
President, Healthcare Performance Management Consultants LLC
Continuing education: 7 CPE credits
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