Troubleshooting Common Challenges With Hospital Wage Index Data Reporting

Accurate hospital wage index data is a critical factor in determining each core-based statistical area’s wage index value share. This information is a major component used to compute Medicare prospective payments for hospitals. Today’s healthcare organizations cannot afford to lose out on reimbursement. They must, therefore, make sure they have a full understanding of wage index reporting requirements and a system in place for collecting and reporting data. In this article, find out some of the most challenging areas in the Medicare cost report and how to mitigate them.