Observation Services Hurting Your Net-Revenue Yield?
The “two-midnight rule” has already begun to negatively impact hospital net revenues. This is an inevitable by-product of the changes in Centers for Medicare and Medicaid Services (CMS) regulations. The Crowe Horwath LLP Observation Services Program is based on the premise that hospitals can minimize revenue impact related to the two-midnight rule as well as look at opportunities to improve net revenues. A structured program must be in place that allows for educated physicians, accurate application of the rule, and maximization of revenue on observation patients.