Capital PPS 10-year transition up and running.
Hospital financial officers must prepare themselves for the long stretch, as the 10-year transition to Medicare's new capital prospective payment system (PPS) gets underway. Documentation related to capital assets and their financing must be assembled and preserved throughout the transition period; audit procedures must be understood; crucial deadlines must be met; and calculations by Medicare fiscal intermediaries (FIs) must be verified by reference to a hospital's records. Most important, lines of communication with FIs must be established and maintained because rates set this year will determine a substantial portion of Medicare payment for the next decade.
Torchia
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Healthcare Financial Management Association, Washington, DC.
D002201:Capital Expenditures; D014487:Centers for Medicare and Medicaid Services, U.S.; D004282:Documentation; D005375:Financial Audit; D005377:Financial Management, Hospital / Q000379:methods*; D005568:Forms and Records Control; D006278:Medicare / Q000458:organization & administration*; D011445:Prospective Payment System / Q000331:legislation & jurisprudence / Q000639:trends*; D011907:Rate Setting and Review / Q000331:legislation & jurisprudence; D014481:United States