Healthcare Mergers, Acquisitions & Ventures Week
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3M Health Information
Maryland adopts classification system for payment of healthcare services
November 6th, 2004
3M Health Information Systems Division announced that the Maryland Health Services Cost Review Commission (HSCRC) has selected its 3M APR-DRG classification system as the State of Maryland's methodology for determining payment of hospital acute care services. Maryland hospitals will be paid by all payers, including Medicare, Medicaid and third-party insurers, according to a new payment model that uses the system to classify patients and determine payment rates. The 3M APR-DRG classification system describes the complete cross-section of patients in the acute care setting, from neonates to the elderly, making it possible to identify statistical...
Source: Healthcare Mergers, Acquisitions & Ventures Week (2004-11-06)
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