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In the early days of the latest incarnation of the patient-centered medical home, William Warning II, MD, the program director of a family medicine residency program, recognized an opportunity, and he wasn’t going to sit back and let it pass him – or his program – by.
Since ICD-10 implementation affects almost every department in a medical practice or hospital, it's fair to say that it's more than a medical coding problem. There are plenty of challenges to tackle across the organization.
In January, the Affordable Care Act (ACA)’s individual mandate will enter the next phase of its roll out. Millions of uninsured Americans will face penalties if they do not enroll in a health plan. Uninsured problem solved, right?
President Barack Obama's fiscal 2014 budget includes a variety of what he says are "manageable" changes for Medicare's 54 million beneficiaries as well as for the hospitals, nursing homes and other healthcare providers that serve them.
A few years back, the nation’s most notorious junk food junkie had a change of heart. Cookie Monster, who subsisted solely on the chocolate chip cookies, went from singing, “C is for cookie,” to “eat poultry and greens along with your chocolate chips.”
What is the secret to improved financial performance for hospitals in the age of healthcare reform? Understand and manage the convergence of quality, outcomes, patient experience, reimbursements and costs. And there’s no better place to start than with the hospital’s number one expense – the operating room.
With no comprehensive program designed to provide long-term care insurance, a panel of experts who convened in March agreed that comprehensive reform has about a five-year window for implementation in order to sufficiently meet the needs of baby boomers.
While the Great Recession has ended, it’s anything but back to business-as-usual for strategic and financial planners in the healthcare industry. The Affordable Care Act and the shift from the traditional fee-for-service payment system to an innovative fee-for-value system is seeing to that.
One of the business pain points for physicians is collecting payments from patients for their services, which often involves lots of customer service call time on the phone. An online payment platform for healthcare, called Money2, from Citi aims to make that process easier, more efficient and consumer-friendly, according to those involved with the tool.
Among the least popular decisions handed down by the Centers for Medicare & Medicaid Services in recent years, it’s hard to top the rule requiring hospitals to rein in readmission rates or suffer the financial consequences. As most CFOs are painfully aware, those consequences include substantial reductions in reimbursements.