HFMA Executive Roundtable: Interoperability: Driving or Impeding Value-Based Care?
Poor data interoperability is limiting healthcare organizations’ progress with value-based models. In this roundtable, several healthcare financial and IT leaders discuss the challenges of poor interoperability and how organizations can overcome them.
Emergency Department Visits Drop, Nonurgent Use Rises: CDC
April 23—Amid increasing efforts by private and public payers to rein in emergency department (ED) spending, recent federal data showed divergent trends between overall visits and nonurgent visits.
The Principles, Behaviors, and Systems Necessary to Build a Culture of Excellence
John Toussaint describes building the foundation for a culture of excellence in a healthcare organization.
Hospital Deals Accelerate in 2018
April 17—Hospital mergers and acquisitions accelerated during the first part of 2018, according to deal-tracking companies.
April 16-20 Policy Watch: Meeting Focuses on Advance Care Directives
April 12—Advance care planning (ACP) will be a focus next week as part of National Healthcare Decisions Day. The initiative aims to educate the public and providers about the need for ACP and its eligibility to be billed under Medicare.
Ask the Experts: CJR Physician Gain Sharing Agreements
Are boilerplate CJR physician gain sharing agreement templates available or should agreements be created from scratch?
Top 5 Factors Essential for Pharmacy Revenue Integrity
Maintaining pharmacy revenue integrity requires accurate, longitudinal data; physicians who understand how their prescribing decisions affect revenue integrity; and real-time data. With that information, finance leaders can determine the ROI of various drugs.
How Innovation Can Start with Value Analysis … But Often Doesn’t
Value analysis committee ROI calculations must look beyond the immediate economic costs of payment, cost-per-procedure, and cost of labor to consider overall value to hospitals. For example, questions to ask include, “How does a new product help to reduce the overall cost of care?” and “Are there complications and readmissions that typically arise beyond 30 days that the new product aims to minimize?”
Overcoming Missed Opportunities with Forward-Thinking VACs
VACs can be influential forces in infusing greater quality and cost controls over departmental purchases.
Taking Steps Toward Improved Customer Experience
The study reveals that patients feel as obligated to pay their healthcare providers as they do other professional services; however, their understanding of what they owe, when they owe it, and their options to pay are far less clear.