Observation stay notices will cost hospitals $23 million every year

From Modern Healthcare:

A new requirement for hospitals to notify Medicare patients when they are receiving observation care but have not been admitted will result cost the industry $23 million every year, according to the CMS.

The agency estimates that 1.4 million beneficiaries will receive annual notices.

The Notice of Observation Treatment and Implication for Care Eligibility Act requires hospitals to notify beneficiaries receiving observation services for more than 24 hours. The document must be provided no later than 36 hours after observation services are initiated.

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