Looking ahead to Medicare 2005.
The Medicare program likely faces restructuring over the long term, but payment mechanics are not expected to change over the short term. As Medicare payment continues to challenge hospitals, providers need to implement effective strategies to survive. A review of hospital Medicare inpatient and outpatient data found that providers that can manage costs and revenue will be successful.
Cleverley
William O
WO
Cleverley & Associates, Worthington, Ohio, USA. bcleverley@cleverleyassociates.com
D003363:Cost Control; D017598:Efficiency, Organizational / Q000191:economics; D005377:Financial Management, Hospital; D006278:Medicare / Q000191:economics*; D012051:Reimbursement Mechanisms; D014481:United States