Healthcare’s Annual CMS Wage Index Review: What’s New and What to Do

With the Occupational Mix Survey updated and the audited CMS wage index data available, it is time to examine the impact and strategies for 2021. As one of the largest expenses for healthcare providers, an effective compensation strategy is key to an organization’s bottom line and its ability to attract and retain the best healthcare professionals. The ever-changing nature of the index requires that healthcare leaders annually examine their approach to wages.

After attending this webinar, you should be able to:

• Outline key changes to the CMS wage index, including the results of last year’s Occupational Mix Survey;
• Determine wage index reimbursement opportunities that exist for your hospital; and
• Describe changes to the wage index for hospitals that are in low-wage areas.

Keeping and retaining staff has become even more challenging due to COVID-19, which is why it is important for healthcare leaders to clearly understand the new CMS wage index guidelines and what options they have to get the most out of every dollar. Join us to hear what strategies will have the most significant impact in 2021.