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October 31 marked the halfway point for the DCMS year-so how close is your chapter to achieving its goals?
Now is a good time to carefully examine your CBSC Progress Report and take stock of where you are so you can make adjustments while there is still time to affect change.
Compare both your total education hours and your hours per member. You should be close to the halfway point. This is where your chapter's PPT report is invaluable. Look at your chapter's budget for the events you've planned for the next six months. Will the budgeted hours carry you to the finish line?
How accurate was your forecasting for the first six months? We are testing a new report-the PPT Variance Report-which we will post following the quarterly reporting deadlines. The new report compares your chapter's actual member and non-member attendees and hours to your budgeted members and non-member attendees and hours and shows how well your chapter's performance matched your projections. It also shows the variance between your estimates and the actual reported numbers.
If you would like assistance in using the information in this report, contact Chapter Relations and we will be happy to walk you through it and will welcome any feedback that you have on the report.
Ideally, your estimates should be within 10 percent of your actual numbers. A single event can make a big difference in your estimates so it's important to identify whether your variance was due to a single program or part of an overall trend. If you are consistently over or under, take a hard look at how you are determining your budget numbers.
Items to consider:
You can also direct your members to HFMA's Education and Events for links to conferences, seminars, eLearning opportunities, webinars, and the Desktop Learning Center.
Compare this year's count's with last year's using the Membership End-of-Month Reports. Are your recruitment and retention efforts paying off?
Surveys were mailed Oct. 29 and HFMA sent two additional reminders to complete the survey. Survey results will be available before the Jan. 23 webinar: "Data to Delivery-Defining Your Market with Intelligence."
Remember that this year's CBSC goal is still based on exams taken, not passed. The number of exams taken appears on the CBSC Progress Report. Certification awards, however, are currently based on the number of exams passed. The number of exams passed appears on the DCMS Acknowledgement Report. For more information, visit the Certification Contact Toolkit.
Now is the time to think about how you will end your year. Days Cash on Hand, taken from your chapter's 2011-12 fiscal year end, was posted Oct. 24 to the CBSC Progress Report. Although you can't change what's entered on the 2012-13 CBSC, keeping an eye on revenues and expenses now will help to ensure that your chapter stays between the required 150 and 600 days cash on hand for the 2012-13 fiscal year, which will be reported on the 2013-14 CBSC.
Keep your eyes on your CBSC Progress Report. Watch the quarterly education reporting ratios to see how many programs have been reported and how many are outstanding. The 21-day reminders should help you keep track of events that have gone unreported after 21 days. To see which events are still unreported, check your PPT report. If an event has been cancelled or postponed but still shows as active, make sure to update the status in the PPT. Also, remember to add any new program to the PPT as soon as plans are completed so it won't be forgotten and so you have a more accurate information on your program hours projections. If you have questions about how to monitor your PPT, contact firstname.lastname@example.org.
Make sure your newsletter has been reported using the online reporting tool. You can find the tool in the Newsletter Chair Toolkit, the DCMS Contact Toolkit or in the Reporting Tools section of Chapter Reports and Reporting Tools.
Aside from reporting events and newsletters on Feb. 10 and May 10, there are still two additional DCMS requirements that can affect your on-time reporting status:
Publication Date: Thursday, November 29, 2012
Tom Myers, chief strategy officer, The SSI Group, discusses the shifting payment environment and how it affects providers' patient access and claims management processes.
Jeff Chester, senior vice president and chief revenue officer at Availity, shares his thoughts on "Revenue Cycle 2.0" and how to best meet its challenges.
Mitch Morris, vice chair and global leader, healthcare, Deloitte, and Michael O'Rourke, senior vice president and chief information officer, Catholic Health Initiatives (CHI), share perspectives on the need for transformational IT in health care today.
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
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