|Dec. 12, 2012|
ACOs, already surging, poised for even more growth
American Medical News
The number of accountable care organizations has increased significantly in recent years and is expected to grow even more quickly in the immediate future, with physician practices under increasing demand to lead or participate in them. "There's going to be a big growth spurt in 2013," said Richard Weil, PhD, a partner with Oliver Wyman, a New York-based company that consults with healthcare institutions looking to set up ACOs. "The folks who were hoping that the ACO would go away are not going to get what they want."More
Study: Nurse phone calls reduce risk of readmission
Weekly telephone contact with a nurse substantially reduced hospital readmissions for high-risk patients, according to a study. In addition, healthcare costs decreased by about $1,225 for each patient enrolled in the program compared with similar patients who were not enrolled, reported researchers with the University of Wisconsin School of Medicine and Public Health. More
AAHAM webinar: 'Everyone Communicates, Few Connect; What the Most Effective People Do Differently'
Topic: Everyone Communicates, Few Connect; What The Most Effective People Do Differently
When: Jan. 16, 2013, 1:30-3 p.m. EST
Speakers: Mark Mathia, CEO & Executive Coach at Trident Coaching Systems
Program Focus: This beginner level session will discuss the ability to connect with others is a major determining factor in reaching your full potential. It's no secret, connecting is a skill you can learn and apply in your personal, professional and family relationships, and you can start now!
Registration Info: Payment must be received on or before Jan. 4, 2013. You will receive your confirmation and handouts via email by Jan. 11, 2013.
Click here to download the full description and printable registration form.
Members may register online by clicking here.More
Leaders must create a culture where staff can be 'habitually excellent'
Healthcare Finance News
An organization that has a leader focused on striving for excellence is capable of obtaining any goal, said Paul O'Neill, former U.S. Secretary of Treasury and former CEO of ALCOA, to an audience at a Maine Health Management Coalition conference in Portland, Maine. "In an organization with a real leader everything is possible, and without real leadership, the status quo is probably inevitable," said O'Neill. O'Neill laid out the following three-part strategy for successful leadership.More
Operational assessment in strategic planning
Hospitals & Health Networks
Forthcoming changes in hospital payment will require significant transformations in care delivery from hospitals and health systems. The shift to value-based payment mandates that hospitals and health systems do more with less. To be successful, organizations will need to cut costs, enhance operational efficiencies and improve quality and outcomes.More
3 steps to create sustainable hospital financial improvement
Becker's Hospital Review
Tips on how to improve financial performance in any organization are a dime a dozen. Usually, organizations will readjust their focus on cutting costs by quickly glancing at labor expenses, supply chain and real estate — and cutting anything that is nonessential. Will King, senior manager at HFS Consultants, a healthcare financial consulting firm based in Oakland, Calif., says those strategies may work, but shallow attempts to improve performance with those strategies are rarely sustainable. This is especially true for hospitals and health systems, which are searching for some semblance of financial stability amidst potential Medicare sequestration and healthcare reform funding cuts.More
Physician groups eye mergers but blinded by legal fights
American Medical News
Declining payments and increasing financial pressures have led more physicians to become employees of large medical groups and hospitals. At the same time, the Affordable Care Act is prompting smaller practices to consolidate as a way to more easily participate in new health system delivery models such as accountable care organizations. More
Medical billing software: It's time for an upgrade
If your medical billing software isn't up to date, it may make the whole process more of a headache than it needs to be. New software makes billing to both insurance companies and customers more efficient and easier to organize, not to mention more convenient for your patients. Updating your medical billing software not only allows you to evolve with your patients, but keeps you updated on new insurance eligibility requirements and revised regulations on billing practices.More
Most docs won't qualify for EHR 'meaningful use'
Two-thirds of office-based physicians plan to apply or have already applied for meaningful use incentives for using electronic health records, a government survey found. However, only about a quarter have computer systems that support Stage 1 meaningful use objectives a prerequisite for receiving the incentives. Physicians must meet all 15 of the Stage 1 core objectives to qualify for meaningful use incentives as of 2012, along with a few other requirements.More
How leaders evaluate leaders
Healthcare leaders are inundated with pleas and demands from payers, the government, their boards and even their patients to be more accountable to them in cost, quality and patient safety. Frontline staffers are the focus of the day-to-day evaluation, but senior leaders are charged with developing strategies that will help the organization adapt to new roles. Senior leaders have no playbook from which to evaluate how well they and their most senior deputies are doing, but some innovative senior leaders are keeping it simple.More
ICD-10 best practices: Coordinating with vendors and payers
The ICD-10 transition, slated for Oct. 1, 2014, is about more than just remembering a slew of new codes when preparing patient charts for billing. It will require new technology and workflow adjustments for everyone involved in healthcare, not just physicians. Payers, clearinghouses and EHR vendors will all need to meet certain criteria to ensure that providers get the right reimbursements in a timely manner and it's the provider's responsibility to make certain that the process will flow as smoothly as possible in the immediate aftermath of the compliance date.More