The 4 Qualities of ‘Next-Level’ Healthcare CFOs
The impact of “next-level” CFOs is felt and seen throughout organizations. For example, by mentoring and coaching to build financial literacy across teams and organizations, these CFOs are seen as proactive and selfless servant leaders who are improving their organizations.
Data Sharing Tips for Value-Based Payment Arrangements
Value-based contracts require that provider organizations and health plans share data and information that they may not have shared historically. Details about that data-sharing must be established in contracts.
4 Key Ways the OPPS Final Rule Affects the Revenue Cycle
Clinic visits in hospital settings and 340B payments are among the changes to be aware of in 2019.
Advanced Practice Providers Optimize Efficiency and Improve Financial Performance
Phoenix Children’s Hospital optimizes its advanced practice provider staff to ensure clinicians are working at the top of licenses, improving productivity and cost efficiency.
Advanced Practice Provider Strategy Improves Results
When advanced practice provider growth exceeds plans, it can lead to the costly challenges.
Engaging Physicians in Value-Based Compensation Models
The University of Maryland St. Joseph Medical Center model layers a 50/50 share of any incentive payments on top of a work RVU-based component to account for revenue that is still generated by the number of patients that providers see.
Hospital Policies on Medical Marijuana
Legalization of medical marijuana in 46 states raises concerns for hospitals and health systems in terms of administering the drug, patient safety, and staff impact. But sample policies and assistance exist such as three options from the Minnesota Hospital Association.
Reminder: Price Posting Requirement Began Jan. 1
CMS reminds healthcare providers that the format for posting is the hospital’s choice, but the information must be “consumer-friendly” and must enable patients to understand their financial liabilities and compare charges for similar services across other hospitals.
Value-Based Payment Can Reduce Need for Preauthorizations
BlueCross BlueShield of Western New York has removed prior authorization requirements for more than 500 therapies, services, and procedures in conjunction with its move to value-based payments for primary care providers.
Understanding 5 Negotiation Styles
Understanding the five types of negotiating styles allows contracting staff to produce positive results during health plan discussions.