“The Centers for Medicare & Medicaid Services (CMS) announced a final rule Thursday morning that will save an estimated $8 billion in administrative healthcare costs by 2028, according to a press release.”
“The Omnibus Burden Reduction Final Rule is slated to remove certain Medicare regulations deemed ‘unnecessary, obsolete, or excessively burdensome’ on hospitals and other healthcare organizations.”
“Additionally, the final rule is expected to reduce time spent on paperwork by 4.4 million hours, according to CMS, and save $800 million annually through 2028…”
“The final rule will be published in the Federal Register on September 30…” Read the full article here.
Source: CMS Aims to Cut Administrative Costs by $8B Over Next Decade – By Jack O’Brien, September 26, 2019. HealthLeaders.