Becker's Healthcare April 16, 2024
A New York hospital seeking $83 million in state funding has filed a financial improvement plan that involves aggressively appealing insurance claims denials and limiting overtime and physician bonuses, Newsday reported April 15.
East Meadow, N.Y.-based Nassau University Medical Center said in the letter submitted to the New York Department of Health that its plan to appeal more denials could bring in millions of dollars in new revenues, according to the report.
The hospital said it already cut staff overtime and is reducing what physicians can earn from a $13 million revenue pool that physicians and administrators can access for treating patients, according to the report. Hospital officials also expect to boost revenues after updating medical procedure prices...
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