An Accountable Care Organization (ACO) is a group of healthcare providers that voluntarily work together to coordinate care for Medicare patients. The goal of an ACO is to deliver high-quality care while reducing costs. ACOs create incentives for providers to improve care coordination and help ensure patients receive the right care at the right time. If an ACO meets quality standards and reduces healthcare spending growth compared to spending targets, it will receive a share of the savings it generates for Medicare.
Accountable Care Organizations: 4 Physician BenefitsGreenway Health
Why would physicians join an Accountable Care Oragnization (ACO)? This informative slide presentation gives a brief overview of ACOs, their benefits, and four reasons physicians may have for joining one.
Will the Revenue Ever Return? COVID-19 and the Rise of the Insurers; the Case...Health Catalyst
As healthcare providers face the long-term revenue compression of COVID-19, they’re also navigating significant industry changes. Current challenges include horizontal competition from large insurers and digital disrupters, growing telehealth volumes, headwinds from price transparency, and growth in managed care programs, like Medicare Advantage. Without restored or growing volumes, how do health systems return to profitability?
Health systems will need accurate financial data around service line and procedural profitability, which very few have. Allocations, estimates and averages of cost, and large pools of clinical “overhead” are inaccurate, and these methods have no credibility with physicians and administrators.
Join Rob DeMichiei, Strategic Advisor for Health Catalyst and former Executive Vice President and Chief Financial Officer for UPMC, to learn more.
What You’ll Learn:
- How insurers look at their medical expenses, and their plans to reduce utilization and steer volumes away from traditional providers.
- The implications of price transparency; why a rational pricing strategy is critical to success.
- Using existing EHR data to measure and assess 100 percent of your clinical costs.
- How improved costing enables service-line management and allows for improved clinical care delivery and insight into profitability.
- How activity-based costing can help identify physician and clinical variation.
- Implications of inaccurate RVU/RCC costing on contract negotiations, resource management, and productivity reporting.
- Benefits and simplicity of activity-based (consumption) costing.
Accountable Care Organizations: 4 Physician BenefitsGreenway Health
Why would physicians join an Accountable Care Oragnization (ACO)? This informative slide presentation gives a brief overview of ACOs, their benefits, and four reasons physicians may have for joining one.
Will the Revenue Ever Return? COVID-19 and the Rise of the Insurers; the Case...Health Catalyst
As healthcare providers face the long-term revenue compression of COVID-19, they’re also navigating significant industry changes. Current challenges include horizontal competition from large insurers and digital disrupters, growing telehealth volumes, headwinds from price transparency, and growth in managed care programs, like Medicare Advantage. Without restored or growing volumes, how do health systems return to profitability?
Health systems will need accurate financial data around service line and procedural profitability, which very few have. Allocations, estimates and averages of cost, and large pools of clinical “overhead” are inaccurate, and these methods have no credibility with physicians and administrators.
Join Rob DeMichiei, Strategic Advisor for Health Catalyst and former Executive Vice President and Chief Financial Officer for UPMC, to learn more.
What You’ll Learn:
- How insurers look at their medical expenses, and their plans to reduce utilization and steer volumes away from traditional providers.
- The implications of price transparency; why a rational pricing strategy is critical to success.
- Using existing EHR data to measure and assess 100 percent of your clinical costs.
- How improved costing enables service-line management and allows for improved clinical care delivery and insight into profitability.
- How activity-based costing can help identify physician and clinical variation.
- Implications of inaccurate RVU/RCC costing on contract negotiations, resource management, and productivity reporting.
- Benefits and simplicity of activity-based (consumption) costing.
Independent practice association, what you need to knowARBYRNE
IPA (independent practice association), a viable option for independent physicians wishing to build market presence in a rapidly consolidating industry.
This presentation covers the basics of Healthcare domain and the testing challenges faced there off.Good content for people having interest or working in Health Care domain.
Four Keys to Increase Healthcare Market ShareHealth Catalyst
With leadership alignment, easy access to data, and a roadmap to reach their objectives, health systems can drastically increase revenue and grow market share by applying four principles:
Key 1. Alignment.
Key 2. Vehicles.
Key 3: Five tools: access to data, data acumen; finance, vision to execution, and prioritizing outcomes.
Key 4: Education.
Access to the right data can drive changes that generate $48M in revenue, surpassing the year three market share goals in year two.
Hospitals and health systems are struggling to maximize the benefits of innovative technology to better manage uncompensated care and revenue integrity, suggests a HFMA/Navigant survey of 125 provider CFOs and revenue cycle management executives.
Are you afraid to encounter CMS & HHS RADV Audit risks? Stop worrying. Here is your guide to risk adjustment. Risk adjustment strategy revealed by subject Matter Experts Holly cassano and Kim Dues. You have got everything here. Data review to analysis , guidelines, formula, best practices and more. Come let's take a closer look https://goo.gl/fVQzet
There is an overwhelming confluence of interests, incen6ves, and macro-environmental forces that will disrupt the healthcare industry and drive real change.
Master Your Value-Based Care Strategy: Introducing Health Catalyst Value Opti...Health Catalyst
Each year CFOs and population health executives at health systems (and other risk-bearing entities) ask themselves: What is our strategy to realize maximum value in our risk-based contracts? Many organizations lack an approach for managing complex, risk-based populations—one that is driven by data, helps them understand their performance, and shows them which of their many options should be prioritized and pursued.
The Health Catalyst Value Optimizer™ solution help systems master their value-based care (VBC) strategy and achieve profitability in population health management. Delivering data aggregation, integration, and analysis, Value Optimizer instantly identifies the most valuable benchmarked opportunities for improvement across the continuum—offering actionable guidance for success in risk-based contracts.
Join Mike McBride, Vice President of Payment Transformation at Health Catalyst, as he demonstrates how Value Optimizer empowers leaders to confidently pursue a rational course toward improved risk-based performance.
What You’ll Learn about Value Optimizer:
• Comprehensive, quantified intelligence. Value Optimizer presents one solution to understand all your financial options—up to 10,000 possible opportunities across the care continuum—benchmarked and compared with dollar impact.
• Accuracy and context for better decisions. With continually refreshed data and benchmarking (using risk-adjusted codes, published research, or “digital twin” population matching), the app serves up timely and meaningful data to guide your VBC strategy.
• Transparency, not "black box." With fully disclosed and legible groupers, metric calculations, and risk and benchmarking methodologies, the solution allows open-book analytics across 10+ domains from inpatient to post-acute, prescriptions to coding, chronic to end-of-life care, etc.
• Expert guidance. Our most successful clients work with our services team to explore opportunities within the complete clinical, operational, and financial context for a given population—accessing guidance that up-levels their strategic insight and accelerates success.
From Volume to Value: 10 Essential Strategies for Navigating the Healthcare S...Health Catalyst
As the transition of healthcare payment models from volume to value takes longer than expected, healthcare organizations must balance fee for service (FFS) with value-based care (VBC). The transition to VBC will accelerate, but as FFS persists and still generates adequate margins, organizations must also continue to be successful under volume-based reimbursement.
Ten tools can help health systems balance VBC with FFS:
A member perspective.
Cautious investment in hard delivery assets.
Accelerated investment in digital infrastructure.
Innovative digital engagement solutions.
Pricing concessions.
Aligned incentives.
Network management.
Payer-provider trust and collaboration.
Clinician and administrative alignment.
Physician leadership and accountability.
Continuity of Care Documents: Today’s Top Solution for Healthcare Interoperab...Health Catalyst
While healthcare waits for the expanded data interoperability that FHIR promises, the industry needs an immediate solution for accessing and using disparate data from across the continuum of care. With FHIR potentially several years away, continuity of care documents (CCDs) are the best option for acquiring the ambulatory clinical care data health systems need to close quality gaps today. Because organizations that rely only on claims data to drive quality improvement risk missing out on more that 80 percent of patient information, CCDs are the current must-have answer to interoperability for successful quality improvement.
ACOs and CINs — Where Did They Start, How Have They Evolved, and Where Are Th...Health Catalyst
As the types and structures of Accountable Care Organizations (ACOs) and Clinically Integrated Networks (CINs) continue to evolve, organizations moving into value-based care face an ever-changing landscape. Alternative payment model arrangements have driven provider organizations to hone in on specific tactics to meet their contractual and strategic objectives.
Please join Health Catalyst Senior Vice President Dr. Amy Flaster and Population Health Management Consultant Jonas Varnum as they discuss the evolution of the ACO and CIN models, what new tools ACOs employ today to promote success, and lessons learned from organizations that have succeeded in alternative payment models. They will dive deep into lessons learned in addition to providing a primer on what has always been and continues to be vitally important to success in value based care. Specifics they will cover include:
- Approaches to simplify quality metric reporting
- Enhanced methodology that zeroes in on identifying high-value opportunities to improve patient populations
- Key tips to expand your business with new contracts
Dr. Flaster and Mr. Varnum’s combined experience make them uniquely qualified to guide you in your ACO or CIN journey. Dr. Flaster comes from a clinical background where she worked as Associate Medical Director at Partners HealthCare - one of the largest ACOs in the country. Mr. Varnum is a professional services strategy leader with demonstrated expertise delivering payment model transformation and helping providers and payers to strategically adjust their operations.
Independent practice association, what you need to knowARBYRNE
IPA (independent practice association), a viable option for independent physicians wishing to build market presence in a rapidly consolidating industry.
This presentation covers the basics of Healthcare domain and the testing challenges faced there off.Good content for people having interest or working in Health Care domain.
Four Keys to Increase Healthcare Market ShareHealth Catalyst
With leadership alignment, easy access to data, and a roadmap to reach their objectives, health systems can drastically increase revenue and grow market share by applying four principles:
Key 1. Alignment.
Key 2. Vehicles.
Key 3: Five tools: access to data, data acumen; finance, vision to execution, and prioritizing outcomes.
Key 4: Education.
Access to the right data can drive changes that generate $48M in revenue, surpassing the year three market share goals in year two.
Hospitals and health systems are struggling to maximize the benefits of innovative technology to better manage uncompensated care and revenue integrity, suggests a HFMA/Navigant survey of 125 provider CFOs and revenue cycle management executives.
Are you afraid to encounter CMS & HHS RADV Audit risks? Stop worrying. Here is your guide to risk adjustment. Risk adjustment strategy revealed by subject Matter Experts Holly cassano and Kim Dues. You have got everything here. Data review to analysis , guidelines, formula, best practices and more. Come let's take a closer look https://goo.gl/fVQzet
There is an overwhelming confluence of interests, incen6ves, and macro-environmental forces that will disrupt the healthcare industry and drive real change.
Master Your Value-Based Care Strategy: Introducing Health Catalyst Value Opti...Health Catalyst
Each year CFOs and population health executives at health systems (and other risk-bearing entities) ask themselves: What is our strategy to realize maximum value in our risk-based contracts? Many organizations lack an approach for managing complex, risk-based populations—one that is driven by data, helps them understand their performance, and shows them which of their many options should be prioritized and pursued.
The Health Catalyst Value Optimizer™ solution help systems master their value-based care (VBC) strategy and achieve profitability in population health management. Delivering data aggregation, integration, and analysis, Value Optimizer instantly identifies the most valuable benchmarked opportunities for improvement across the continuum—offering actionable guidance for success in risk-based contracts.
Join Mike McBride, Vice President of Payment Transformation at Health Catalyst, as he demonstrates how Value Optimizer empowers leaders to confidently pursue a rational course toward improved risk-based performance.
What You’ll Learn about Value Optimizer:
• Comprehensive, quantified intelligence. Value Optimizer presents one solution to understand all your financial options—up to 10,000 possible opportunities across the care continuum—benchmarked and compared with dollar impact.
• Accuracy and context for better decisions. With continually refreshed data and benchmarking (using risk-adjusted codes, published research, or “digital twin” population matching), the app serves up timely and meaningful data to guide your VBC strategy.
• Transparency, not "black box." With fully disclosed and legible groupers, metric calculations, and risk and benchmarking methodologies, the solution allows open-book analytics across 10+ domains from inpatient to post-acute, prescriptions to coding, chronic to end-of-life care, etc.
• Expert guidance. Our most successful clients work with our services team to explore opportunities within the complete clinical, operational, and financial context for a given population—accessing guidance that up-levels their strategic insight and accelerates success.
From Volume to Value: 10 Essential Strategies for Navigating the Healthcare S...Health Catalyst
As the transition of healthcare payment models from volume to value takes longer than expected, healthcare organizations must balance fee for service (FFS) with value-based care (VBC). The transition to VBC will accelerate, but as FFS persists and still generates adequate margins, organizations must also continue to be successful under volume-based reimbursement.
Ten tools can help health systems balance VBC with FFS:
A member perspective.
Cautious investment in hard delivery assets.
Accelerated investment in digital infrastructure.
Innovative digital engagement solutions.
Pricing concessions.
Aligned incentives.
Network management.
Payer-provider trust and collaboration.
Clinician and administrative alignment.
Physician leadership and accountability.
Continuity of Care Documents: Today’s Top Solution for Healthcare Interoperab...Health Catalyst
While healthcare waits for the expanded data interoperability that FHIR promises, the industry needs an immediate solution for accessing and using disparate data from across the continuum of care. With FHIR potentially several years away, continuity of care documents (CCDs) are the best option for acquiring the ambulatory clinical care data health systems need to close quality gaps today. Because organizations that rely only on claims data to drive quality improvement risk missing out on more that 80 percent of patient information, CCDs are the current must-have answer to interoperability for successful quality improvement.
ACOs and CINs — Where Did They Start, How Have They Evolved, and Where Are Th...Health Catalyst
As the types and structures of Accountable Care Organizations (ACOs) and Clinically Integrated Networks (CINs) continue to evolve, organizations moving into value-based care face an ever-changing landscape. Alternative payment model arrangements have driven provider organizations to hone in on specific tactics to meet their contractual and strategic objectives.
Please join Health Catalyst Senior Vice President Dr. Amy Flaster and Population Health Management Consultant Jonas Varnum as they discuss the evolution of the ACO and CIN models, what new tools ACOs employ today to promote success, and lessons learned from organizations that have succeeded in alternative payment models. They will dive deep into lessons learned in addition to providing a primer on what has always been and continues to be vitally important to success in value based care. Specifics they will cover include:
- Approaches to simplify quality metric reporting
- Enhanced methodology that zeroes in on identifying high-value opportunities to improve patient populations
- Key tips to expand your business with new contracts
Dr. Flaster and Mr. Varnum’s combined experience make them uniquely qualified to guide you in your ACO or CIN journey. Dr. Flaster comes from a clinical background where she worked as Associate Medical Director at Partners HealthCare - one of the largest ACOs in the country. Mr. Varnum is a professional services strategy leader with demonstrated expertise delivering payment model transformation and helping providers and payers to strategically adjust their operations.
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Les 3 étapes en or pour booster l'expérience client:
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Voici la présentation de notre Webinar du 4 novembre 2016.
"Aujourd'hui, il est possible de recibler des prospects ou des clients via le retargeting search, le display ou même l'emailing. Ensemble, nous analyserons et découvrons les différentes opportunités d'augmenter sa conversion grâce à ces leviers."
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The healthcare reform law will have far-reaching impacts in areas of
Coverage
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Health Insurance Exchanges
Get the FACTS here a MUST see POWER POINT
ACOs: Four Ways Technology Contributes to SuccessHealth Catalyst
With an increasing emphasis on value-based care, Accountable Care Organizations (ACOs) are here to stay. In an ACO, healthcare providers and hospitals come together with the shared goals of reducing costs and increasing patient satisfaction by providing high-quality coordinated healthcare to Medicare patients. However, many ACOs lack direction and experience difficulty understanding how to use data to improve care. Implementing a robust data analytics system to automate the process of data gathering and analysis as well as aligning data with ACO quality reporting measures. The article walks through four keys to effectively implementing technology for ACO success:
Build a data repository with an analytics platform.
Bring data to the point of care.
Analyze claims data, identify outliers, including successes and failures.
Combine clinical claims, and quality data to identify opportunities for improvement.
Putting Patients Back at the Center of Healthcare: How CMS Measures Prioritiz...Health Catalyst
Today’s healthcare encounters are too often marked by more clinician screen time than patient-clinician engagement. Increasing regulatory reporting burdens are diverting clinician attention from their true priority—the patient. To put patients back at the center of care, CMS introduced its Meaningful Measures framework in 2017. The initiative identifies the highest priorities for quality measurement and improvement, with the goal of aligning measures with CMS strategic goals, including the following:
Empowering patients and clinicians to make decisions about their healthcare.
Supporting innovative approaches to improve quality, safety, accessibility, and affordability.
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CHAPTER 1 SEMESTER V - ROLE OF PEADIATRIC NURSE.pdfSachin Sharma
Pediatric nurses play a vital role in the health and well-being of children. Their responsibilities are wide-ranging, and their objectives can be categorized into several key areas:
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Accountable Care Organization – Improving Care & Reducing Cost
1. Accountable Care Organization – Improving Care & Reducing Cost
The Participation in an ACO is purely voluntary for both providers/suppliers and beneficiaries
Introduction:
ACOs create incentives for providers and suppliers to work together to treat an individual patient across care settings – including
doctor’s offices, hospitals, and long-term care facilities. The Medicare Shared Savings Program will reward ACOs that lower their
growth in health care costs while meeting performance standards on quality of care and putting patients first.
Definition:
ACO is a group of providers and suppliers that work together to coordinate care for the Medicare Fee-For-Service beneficiaries.
ACO is an organization of providers and suppliers that agrees to be held accountable for improving the health and experience of care
for individuals and improving the health of populations while reducing the rate of growth in health care spending.
Rationale:
Better care often costs less; coordinated care helps to ensure that the patient receives the right care at the right time, with the goal
of avoiding unnecessary duplication of services and preventing medical errors.
Goal:
Deliver seamless, high-quality care for Medicare beneficiaries, instead of the fragmented care that often results from a Fee-For-
Service payment system in which different providers receive different, disconnected payments. The ACO wil l be a patient-centered
organization where the patient and providers are true partners in care decisions
Objective:
1) Better care for individuals
2) Better health for populations
3) Lower growth in expenditure
Types of ACOs:
1) ACO Professionals in group practice arrangements
2) ACO Professionals in network practice arrangements
3) ACO Professionals in partnership/joint venture with hospitals
About HCX – Subsidiary of HEALTHEC
HCX subsidiary of HEALTHEC i s an industry leader in the 'convergence' of IT and consulting for the healthcare industry. We provide diversified
Information Technology (IT) and Business Process Outsourcing (BPO) s ervices.
To know more
Vi s it our website at http://www.hcxindia.net or send an email to info@hcx.com
2. 4) ACO Professionals in employed by hospitals
5) Other Medicare providers & suppliers
Why do we need ACOs:
1) Better care for individuals
2) Better health for populations
3) Lower the expenditure
About HCX – Subsidiary of HEALTHEC
HCX subsidiary of HEALTHEC i s an industry leader in the 'convergence' of IT and consulting for the healthcare industry. We provide diversified
Information Technology (IT) and Business Process Outsourcing (BPO) s ervices.
To know more
Vi s it our website at http://www.hcxindia.net or send an email to info@hcx.com
3. The above illustration states why Obama came up with Obama care and how this will bring considerable changes in their GDPs.
As on date with latest report (05/01/2014) we are the 3rd largest economy (we just went ahead of Japan – next to US and China)
need to give considerable thought at the earliest about our Healthcare industry – please keep in mind we hold 2nd highest
population in the world – few decades down the line if we don’t address we will ha ve bigger problem and issues in front of us and
will eat up major portion of nation’s GDP.
Our mantra to success should be Plan Ahead – act Ahead.
About HCX – Subsidiary of HEALTHEC
HCX subsidiary of HEALTHEC i s an industry leader in the 'convergence' of IT and consulting for the healthcare industry. We provide diversified
Information Technology (IT) and Business Process Outsourcing (BPO) s ervices.
To know more
Vi s it our website at http://www.hcxindia.net or send an email to info@hcx.com
4. Methodology:
1) Form an ACO – Hospitals/Professionals/Practitioners - Suppliers
2) Establish a governing body – Providers-Suppliers-Beneficiaries
3) Apply to CMS with plans to Improve care and decrease growing costs:
- Evidence based medicine
- Beneficiary engagement
- Coordination of care
- Report on quality & cost
4) Accepted and Approved by CMS:
- Eligibility requirement: Provider services to a minimum of 5000 Medicare beneficiaries
- Program requirements: Agree to participate for a minimum of 3 years
5) Sign agreement with CMS
6) Choose one of the two programs
- One sided model: Shared savings program only (Lower share in savings – 50%)
Sharing savings, but not losses, for the entire term of the first agreement
- Shared savings and losses program (Higher share in savings – 60%)
Sharing both savings and losses for the entire term of the agreement
7) Enroll Beneficiaries
8) Provider services – Share the data/Self-Assessment/Monitoring/Reporting
9) Monitoring by CMS:
- Claims data analysis
- Financial data analysis
- Quality data analysis
- Beneficiary surveys
- Quarterly/Annual reports
- Audits
- Site visits
10) Timely feedback to providers for continual improvement of care to beneficiaries
11) Meet the bench mark of savings to be achieved: meets the program’s quality & performance standards
12) Receive a share of the savings on its assigned beneficiary expenditures are below its own specific updated expenditure
benchmark
13) Sharing losses by requiring ACOs to repay Medicare for a portion of losses (expenditures above its updated benchmark)
14) publicly report performance & quality data
Quality of Care – Domains:
1) Patient experience
2) Care coordination
3) Preventive health
4) At-risk population
About HCX – Subsidiary of HEALTHEC
HCX subsidiary of HEALTHEC i s an industry leader in the 'convergence' of IT and consulting for the healthcare industry. We provide diversified
Information Technology (IT) and Business Process Outsourcing (BPO) s ervices.
To know more
Vi s it our website at http://www.hcxindia.net or send an email to info@hcx.com
5. Bench Mark:
Estimate of what the total Medicare Fee-For-Service Parts A and B expenditures for ACO beneficiaries would otherwise have been in
the absence of the ACO
Minimum Savings Rate:
The MSR is a percentage of the benchmark that ACO expenditure savings must meet or exceed in order for an ACO to qualify for
shared savings in any given year
Minimum Loss Rate:
The MLR is a percentage of the bench mark that an ACO with expenditures losses at or above the MLR will be accountable for
repaying shared losses
ACOs in the one-sided model that have smaller populations will have a larger MSR and ACOs with larger populations have a smaller
MSR
Conclusion:
If an ACO meets quality standards and achieves savings and also meets or exceeds the MSR, the ACO will share in savings, based on
the quality score of the ACO. ACOs will share in all savings, not just the amount of savings that exceeds the MSR, up to a
performance payment limit. Similarly, ACOs with expenditures meeting or exceeding the MLR will sha re in all losses, up to a loss
sharing limit.
Models:
1) Medicare Shared Savings Program
2) Advance Payment Initiative
3) Pioneer ACO Model
Applied ACO:
1) Organization: Members, Start date, Key contacts
2) Governance: Compliance plan, Clinical Management
3) Financial: Strategy on achieving goals, Methodology of sharing savings
4) Data sharing: Baseline
5) Clinical processes/Patient centeredness
About HCX – Subsidiary of HEALTHEC
HCX subsidiary of HEALTHEC i s an industry leader in the 'convergence' of IT and consulting for the healthcare industry. We provide diversified
Information Technology (IT) and Business Process Outsourcing (BPO) s ervices.
To know more
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