- Medicare's billing code for chronic care management saved money, analysis finds. Medicare's chronic care management billing code—which is used to pay for chronic care management services not provided in a traditional office visit—saved the program an average of $74 per patient in its first 18 months, according to recent analysis. The analysis, which was conducted by Mathematica researchers, found the billing code reduced hospitalizations, nursing home stays, and in-person visits.
- Medicare beneficiaries to spend more of their income on health care costs, report finds. Medicare beneficiaries' average out-of-pocket health care spending as a share of average per capita Social Security income is projected to increase from 41% in 2013 to 50% in 2030, according to a recent Kaiser Family Foundation report.
- Does preventive care save money? Nope—but it's still a bargain, Aaron Carroll argues. Many people believe that investing more money in preventive care can reduce overall health care spending by averting costly health problems down the road. Unfortunately, research suggests that just isn't true, Aaron Carroll writes for the New York Times' "The Upshot."
From Advisory Board:
- Get the strategies to manage your cancer program's margins in 2018. Join us on Thursday, Feb. 8, to learn how changes in reimbursement and regulations are affecting your cancer program's margins and get the strategies to identify and grow profitable oncology services.
- Transforming the revenue cycle: 4 key imperatives for increasing revenue capture. Join us on Tuesday, Feb. 13, where we'll outline the four imperatives on which revenue cycle leaders must deliver: enhanced integration and efficiency, superior patient financial experience, data-driven payer interactions, and strengthened clinical partnerships.
- Security and the C-Suite: Leadership's role in building a cyber-resilient organization. Join us on Thursday, Feb. 15, to up to speed on the cybersecurity landscape and different opportunities to engage executive leadership in the issue.