Hospitals Overpay For Medical Devices

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Study: Hospitals Overpay for Devices - WSJ

https://www.wsj.com/articles/SB10001424052970204662204577199431130637776

Among 31 hospitals surveyed by investigators for the Government Accountability Office, one paid $8,723 more than another for an identical model of a device that regulates heart rhythm.

Hospitals Did Not Comply With Medicare Requirements …

https://www.oig.hhs.gov/oas/reports/region1/11800502.asp

As a result, 911 hospitals received payments of $76 million rather than the $43 million they should have received, resulting in $33 million in potential overpayments. …

GAO: Some Hospitals Overpay Thousands of Dollars for Medical …

https://www.beckershospitalreview.com/finance/gao-some-hospitals-overpay-thousands-of-dollars-for-medical-devices.html

Some hospitals pay thousands of dollars more than others for implantable medical devices — such as cardiac defibrillators and hip and knee joint replacements — and those excess …

Hospitals Hit Snags With Device Credits; Mayo Has …

https://assets.hcca-info.org/Portals/0/PDFs/Resources/Rpt_Medicare/sample-5-15.pdf?ver=2017-05-30-143513-417

The HHS Oce of Inspector General continues to find overpayments for manu-facturer credits for replaced medical devices, possibly because it’s not the easiest …

Hospitals Face Sizable Overpayment Liability for Not …

https://www.nelsonmullins.com/idea_exchange/blogs/healthcare_essentials/enforcement/hospitals-face-sizable-overpayment-liability-for-not-reporting-medical-device-credits

Providing examples where the per-claim overpayment ranged from nearly $25,000 to more than $27,000, the OIG demonstrated that a hospital’s failure to report a …

What Hospitals Can Learn from Airlines …

https://hbr.org/2017/06/hospitals-are-dramatically-overpaying-for-their-technology

Summary. Health care’s safety and quality challenges are exacerbated by its procurement problem. For years, hospitals have invested in sophisticated devices …

CMS Did Not Ensure That Medicare Hospital Payments …

https://oig.hhs.gov/oas/reports/region7/71900560.asp

We recommend that CMS: (1) work with the MACs to recover from hospitals Medicare OPPS overpayments, which total as much as an estimated …

Hospitals Face Sizable Overpayment Liability for Not Reporting …

https://www.jdsupra.com/legalnews/hospitals-face-sizable-overpayment-40456/

Providing examples where the per-claim overpayment ranged from nearly $25,000 to more than $27,000, the OIG demonstrated that a hospital’s failure to report a …

United States remains the largest market for medical …

https://www.healthcarefinancenews.com/news/united-states-remains-largest-market-medical-devices-more-150-billion

The medical device industry's global annual sales is forecast to rise more than 5 percent a year to reach nearly $800 billion by 2030. THE TREND Recently, an …

How Much Do Hospitals Pay for Medical Devices? - LAC …

https://www.lac.us/blog/how-much-do-hospitals-pay-for-medical-devices/

Hospital care requires a range of inputs such as wages, prescription drugs, food, medical devices, utilities, and occupational insurance. A sharp rise in input prices, …

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