In April of this year, the Centers for Medicare and Medicaid Services (CMS) officially launched mandatory participation for approximately 800 hospitals under Medicare’s Comprehensive Care for Joint Replacement (CJR) reimbursement model. As a result, the ability to define a solid financial model to accurately pinpoint the total costs of knee and hip procedures is more critical than ever. In a recent article published in Healthcare Business Daily News, Sentry’s own Tim Lantz, Senior Vice President of Analytics, emphasizes the importance of hospitals and health systems obtaining clean, quality data to profitably manage their bundled payment model.

Money management: hospital penalties may increase