Determining Cost of Provider Care – A Useful Business Management Tool
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Determining Cost of Provider Care – A Useful Business Management Tool
November 30, 2023 @ 12:00 pm - 1:00 pm
Description: Measuring the cost of providing services is critical for making informed business decisions. With the updated District of Columbia Medicaid Fee Schedule moving reimbursement of procedure codes for key behavioral health services from a per-occurrence basis to codes allowing reimbursement based on the amount of time spent providing these services, health care leadership must understand the costs that directly and indirectly support service delivery. This learning session will provide key decision makers, financial analysts, and practice management staff with an understanding of how to determine cost of care and how to compare cost of care with reimbursement rates to inform decision making.
Speakers: Chuck Weis, MBA, CPA, Principal, Health Management Associates & Caitlin Thomas-Henkel, MSW, Principal, Health Management Associates
Learning Objectives:
- Define and describe cost in terms of its components – Indirect Costs and Direct Costs.
- Identify a measurable unit for rendered services via CPT code and Relative Value Unit.
- Describe how to obtain and quantify the reimbursement rate for each measurable unit.
- Describe how to calculate the Direct and Indirect Cost per measurable unit for comparison with the reimbursement rate.
- Discuss how to use cost of care information in business management.
Content Level: Foundational
Target Audience: Administrators
Course Interaction & System Requirements: This live webinar is fully interactive. Attendees may ask and answer questions throughout the presentation and participate in instructor-led discussions.
Course Completion & CE Requirements:
Health Management Associates, #1780, is approved to offer social work continuing education by the Association of Social Work Boards (ASWB) Approved Continuing Education (ACE) program. Organizations, not individual courses, are approved as ACE providers. State and provincial regulatory boards have the final authority to determine whether an individual course may be accepted for continuing education credit. Health Management Associates maintains responsibility for this course. ACE provider approval period: 09/22/2021 – 09/22/2025. Social workers completing this course receive 1.0 continuing education credit.
To earn CE credit, social workers must log in at the scheduled time, attend the entire course and complete an online course evaluation. To verify your attendance, please be sure to log in from an individual account and link your participant ID to your audio.
CME Credits:
The AAFP has reviewed the Integrated Care DC webinar series and deemed it acceptable for AAFP credit. Physicians should claim only the credit commensurate with the extent of their participation in the activity. This session is approved for 1.0 Online Only, Live AAFP Prescribed credits.
Certificates of completion will be emailed within 10-12 business days of course completion.
System Requirements:
- Operating Systems: Windows XP or higher, MacOS 9 or higher, Android 4.0 or higher
- Internet Browser: Internet Explorer 9.0 or higher, Google Chrome, Firefox 10.0 or higher
- Broadband Internet connection: Cable, high-speed DSL & any other medium that is internet accessible
