Inaccurate Reporting Can Hurt Hospitals’ Bottom Line
A recent study by researchers at Johns Hopkins University School of Medicine has found that the Nationwide Inpatient Sample—which is compiled from patient billing data—is full of flaws due to underreporting.
And this is impacting hospitals’ bottom lines.
The report found that body mass and alcohol abuse are drastically underreported based on data from the Behavioral Risk Factor Surveillance System. And because inaccurate data can lead to incorrect risk adjustments, hospitals don’t receive fair reimbursement. This is yet another reason why closing the self-pay revenue cycle efficiently is so important. Keeping cash flow moving can help keep things running smoothly while issues like this are ironed out.
You can read more about the study in this article.