Simplify Wage Index Calculations for Medicare Reimbursement
Labor costs are a major driver of Medicare reimbursement for healthcare organizations. Reporting accurate wage index data in your hospital’s annual Medicare cost report is a critical factor in core-based statistical area (CBSA) participation for your organization’s wage index value share.
Crowe Wage Index Navigator is a Web-based application that provides healthcare organizations with a series of questions and automated calculations to report wage data in compliance with Medicare regulations.1 This patented solution:
- Provides a series of checks and balances for users to submit accurate data, which helps with consistency and completeness in reporting
- Saves time in compiling arduous sections of paid hours and wage-related costs
- Includes nationwide hospital historical data for individual and group hospital comparisons
Review the Crowe Wage Index Navigator Process
Assembling and reporting complete and accurate wage data can be challenging for healthcare organizations of any size. With Crowe Wage Index Navigator, your organization can report compliant data with accuracy and at the appropriate and maximum value.
Individual hospitals and groups in a CBSA can use Crowe Wage Index Navigator to standardize accuracy of reporting, comply with Medicare reporting, and optimize area wage index value. Trending and comparison reporting can provide insight and process improvements. Educational tutorials and a wage index document library can help hospitals and associations fully understand the wage index compilation process.