2017 required healthcare organizations to respond to several new challenges – political change, growing role of technology, shift to value-based care and the increasing role of information security. While we anticipate that these issues will continue to influence through 2018, we will also see new challenges. The blurring lines between providers and payers, a refocusing on care (and more so on the patient), and a changing policy environment will occupy the center stage for 2018.
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.
White Paper - Building Your ACO and Healthcare IT’s RoleNextGen Healthcare
The tools needed to capture, organize, and share healthcare data are truly evolving at the speed of light. Patient Centered Medical Homes play a vital role in the path toward accountable care and technology, staff, and workflow transformation are necessary to achieve PCMH recognition. This transformation allows healthcare providers to deliver higher quality coordinated care by streamlining and rationalizing the patient experience.
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.
White Paper - Building Your ACO and Healthcare IT’s RoleNextGen Healthcare
The tools needed to capture, organize, and share healthcare data are truly evolving at the speed of light. Patient Centered Medical Homes play a vital role in the path toward accountable care and technology, staff, and workflow transformation are necessary to achieve PCMH recognition. This transformation allows healthcare providers to deliver higher quality coordinated care by streamlining and rationalizing the patient experience.
The Biggest Healthcare Trends of 2019 and What's to Come in 2020Health Catalyst
In our Healthcare Outlook for 2019 webinar, Stephen Grossbart, PhD, and Bobbi Brown, MBA, shared their predictions for the biggest trends of the year. Which predictions panned out and which didn’t? View this webinar as Stephen takes a look back at 2019 and makes his forecast for 2020.
So, what did happen in 2019? Following the 2018 midterm elections, we predicted a divided Congress would not pass policies to strengthen or weaken the Affordable Care Act (ACA). We were right. Meanwhile, Democratic presidential candidates debated the extent to which they would support Medicare for All. Insurance costs continued to rise, breaking $20,000 annually for families with employer-sponsored coverage, and CMS continued to support payment policies rewarding quality and interoperability as part of their payment policy.
Join Stephen as he looks in the rearview mirror at these important issues and how they impacted the healthcare industry in 2019 and then gazes into the crystal ball to predict the trends that will most impact healthcare in 2020. In this webinar, Stephen discusses the following topics and more:
• The continued focus on price transparency.
• Congress’ efforts to control prescription drug costs.
• Policies that may change the future of ACOs.
• What to expect going into the 2020 election year.
From Chaos to Catalyst: Five Imperatives for HealthcareCognizant
COVID-19 could be the catalyst for lasting change throughout the industry—if providers and payers make the right moves to respond to ongoing waves of the virus, reset operating models and reimagine their future roles in a world reshaped by the pandemic.
Healthcare Financial Transformation: Five Leading StrategiesHealth Catalyst
Healthcare financial transformation—improving care delivery while lowering costs—has been an ongoing challenge for health systems in the era of value-based care and an even more prominent concern amid COVID-19. While better care and reduced expense to organizations and consumers might seem like opposing goals, by understanding the true cost of services and other drivers of expense, organizations can successfully manage costs while maintaining, and even improving, care delivery. To that end, health systems can use data- and analytics-driven tools and strategies to addresses financial challenges, including uncompensated care, prolonged accounts receivable days, discharged not final billed cases, inefficient resource use, and more.
Value-Based Care and Healthcare Consumerism: Opportunities for Health IT and ...Cognizant
Health IT and technology solutions are central in the shift to value-based care and to meeting the demands of patient consumerism. Hurdles remain, but all primary players in the healthcare ecosystem, patients, providers and payers, are seeking more and better data, platform interoperability, real-time and actionable analytical insights, and more effective engagement.
MACRA: Restructuring Medicare ReimbursementPaul B. Tripp
Everyone must rethink their approach to the delivery of care. It is no longer a viable option to maintain the fee-for- service (FFS) mindset. New measures from CMS will push healthcare to the next level of reform where the patient is increasingly at the center of care and care payment.
in order to meet cost reduction targets, CMOs
* Share patient data across ecosystems
* Embed shared organizational intelligence
* Establish guidance for quality & cost within physician workflows
* Prepare physician leaders to create a culture of continual improvement
With the patient at the true center of next generation care, it is critical to stay on the cutting edge of what is required for compliance monitoring, particularly for specialty products. With a focus on patient interactions and associated programs, this Helio presentation highlights how the automation of a company's compliance monitoring and implementation of an analytics engine can produce real-time results and identify best practices to be applied to business intelligence for future activities.
Healthcare reform: Five trends to watch as the Affordable Care Act turns fivePwC
In its first five years, the Affordable Care Act (ACA) has had a profound, and likely irreversible, impact on the business of healthcare. Industry leaders must rethink strategies to remain relevant in a post-ACA world.
Web Page: http://www.pwc.com/us/acahealthreform
Consumer-Centric Healthcare: 2015--The Tipping Point Has Arrived (Report by William Blair)
Consumers—in tandem with disruptive healthcare technology and healthcare services providers—are the key to solving many of US healthcare's woes, particularly the unsustainably high cost of care.
Public exchanges, private exchanges, and high-deductible health plans are growing quickly. Disruptive forces of competition will create a lower-cost system that promotes the growth of highly efficient, low-cost, and high-quality providers and technologies.
The continued movement of financial and quality risk back to providers (and increasingly to consumers themselves) is encouraging providers and consumers to seek preventive medicine, cost efficiency, clinical efficacy, and overall value in healthcare. In turn, this could drive significant change regarding the primary point of care delivery (rapidly moving outside the hospital), the overall cost of healthcare and investment decisions made by healthcare providers.
Consumer-centric healthcare providers will experience strong top- and bottom-line growth over the coming years. Investors in both the public and private-equity markets will achieve superior long-term returns by identifying and investing in these companies.
Learn about 2016 trends in government and private healthcare spending, employer costs, and the patient-as-consumer movement that's spurring new provider models.
PYA Thought Leader Defines Role of Radiation Oncology in Clinical IntegrationPYA, P.C.
PYA Senior Consulting Manager Chris Wilson presented “Clinically Integrated Networks (CIN) and the Role for Radiation Oncology” at the SATRO® 16 Conference, April 24-25, 2014, at the Crowne Plaza Ravinia in Atlanta, Georgia.
Healthcare Revenue Cycle Trends to Watch in 2019Jessica Parker
The revenue cycle process and its management have continuously progressed over the last few years to keep up with the changes occurring in the healthcare industry.
CFO Strategies for Balancing Fee-for-Service and ValuePhytel
Moving from fee-for-service to value-based care is not easy. However, leading health systems are all following a similar blueprint that enables the move to value-based care.
Download this whitepaper to learn how:
- Bon Secours Richmond - Closed 75,801 gaps in care within 12 months, generating $7 million in revenue for chronic & preventive care, while improving quality.
- Northeast Georgia Medical Center - Decreased HbA1C levels across uncontrolled diabetes by an average of 1.6 points within 120 days.
- Riverside Medical Center - Reduced unnecessary readmissions by 40% by using automation to reach and assess patients post discharge.
- Prevea Health - Increased care management productivity by 150% by automatically identifying high risk patients, and automating patient engagement.
The Biggest Healthcare Trends of 2019 and What's to Come in 2020Health Catalyst
In our Healthcare Outlook for 2019 webinar, Stephen Grossbart, PhD, and Bobbi Brown, MBA, shared their predictions for the biggest trends of the year. Which predictions panned out and which didn’t? View this webinar as Stephen takes a look back at 2019 and makes his forecast for 2020.
So, what did happen in 2019? Following the 2018 midterm elections, we predicted a divided Congress would not pass policies to strengthen or weaken the Affordable Care Act (ACA). We were right. Meanwhile, Democratic presidential candidates debated the extent to which they would support Medicare for All. Insurance costs continued to rise, breaking $20,000 annually for families with employer-sponsored coverage, and CMS continued to support payment policies rewarding quality and interoperability as part of their payment policy.
Join Stephen as he looks in the rearview mirror at these important issues and how they impacted the healthcare industry in 2019 and then gazes into the crystal ball to predict the trends that will most impact healthcare in 2020. In this webinar, Stephen discusses the following topics and more:
• The continued focus on price transparency.
• Congress’ efforts to control prescription drug costs.
• Policies that may change the future of ACOs.
• What to expect going into the 2020 election year.
From Chaos to Catalyst: Five Imperatives for HealthcareCognizant
COVID-19 could be the catalyst for lasting change throughout the industry—if providers and payers make the right moves to respond to ongoing waves of the virus, reset operating models and reimagine their future roles in a world reshaped by the pandemic.
Healthcare Financial Transformation: Five Leading StrategiesHealth Catalyst
Healthcare financial transformation—improving care delivery while lowering costs—has been an ongoing challenge for health systems in the era of value-based care and an even more prominent concern amid COVID-19. While better care and reduced expense to organizations and consumers might seem like opposing goals, by understanding the true cost of services and other drivers of expense, organizations can successfully manage costs while maintaining, and even improving, care delivery. To that end, health systems can use data- and analytics-driven tools and strategies to addresses financial challenges, including uncompensated care, prolonged accounts receivable days, discharged not final billed cases, inefficient resource use, and more.
Value-Based Care and Healthcare Consumerism: Opportunities for Health IT and ...Cognizant
Health IT and technology solutions are central in the shift to value-based care and to meeting the demands of patient consumerism. Hurdles remain, but all primary players in the healthcare ecosystem, patients, providers and payers, are seeking more and better data, platform interoperability, real-time and actionable analytical insights, and more effective engagement.
MACRA: Restructuring Medicare ReimbursementPaul B. Tripp
Everyone must rethink their approach to the delivery of care. It is no longer a viable option to maintain the fee-for- service (FFS) mindset. New measures from CMS will push healthcare to the next level of reform where the patient is increasingly at the center of care and care payment.
in order to meet cost reduction targets, CMOs
* Share patient data across ecosystems
* Embed shared organizational intelligence
* Establish guidance for quality & cost within physician workflows
* Prepare physician leaders to create a culture of continual improvement
With the patient at the true center of next generation care, it is critical to stay on the cutting edge of what is required for compliance monitoring, particularly for specialty products. With a focus on patient interactions and associated programs, this Helio presentation highlights how the automation of a company's compliance monitoring and implementation of an analytics engine can produce real-time results and identify best practices to be applied to business intelligence for future activities.
Healthcare reform: Five trends to watch as the Affordable Care Act turns fivePwC
In its first five years, the Affordable Care Act (ACA) has had a profound, and likely irreversible, impact on the business of healthcare. Industry leaders must rethink strategies to remain relevant in a post-ACA world.
Web Page: http://www.pwc.com/us/acahealthreform
Consumer-Centric Healthcare: 2015--The Tipping Point Has Arrived (Report by William Blair)
Consumers—in tandem with disruptive healthcare technology and healthcare services providers—are the key to solving many of US healthcare's woes, particularly the unsustainably high cost of care.
Public exchanges, private exchanges, and high-deductible health plans are growing quickly. Disruptive forces of competition will create a lower-cost system that promotes the growth of highly efficient, low-cost, and high-quality providers and technologies.
The continued movement of financial and quality risk back to providers (and increasingly to consumers themselves) is encouraging providers and consumers to seek preventive medicine, cost efficiency, clinical efficacy, and overall value in healthcare. In turn, this could drive significant change regarding the primary point of care delivery (rapidly moving outside the hospital), the overall cost of healthcare and investment decisions made by healthcare providers.
Consumer-centric healthcare providers will experience strong top- and bottom-line growth over the coming years. Investors in both the public and private-equity markets will achieve superior long-term returns by identifying and investing in these companies.
Learn about 2016 trends in government and private healthcare spending, employer costs, and the patient-as-consumer movement that's spurring new provider models.
PYA Thought Leader Defines Role of Radiation Oncology in Clinical IntegrationPYA, P.C.
PYA Senior Consulting Manager Chris Wilson presented “Clinically Integrated Networks (CIN) and the Role for Radiation Oncology” at the SATRO® 16 Conference, April 24-25, 2014, at the Crowne Plaza Ravinia in Atlanta, Georgia.
Healthcare Revenue Cycle Trends to Watch in 2019Jessica Parker
The revenue cycle process and its management have continuously progressed over the last few years to keep up with the changes occurring in the healthcare industry.
CFO Strategies for Balancing Fee-for-Service and ValuePhytel
Moving from fee-for-service to value-based care is not easy. However, leading health systems are all following a similar blueprint that enables the move to value-based care.
Download this whitepaper to learn how:
- Bon Secours Richmond - Closed 75,801 gaps in care within 12 months, generating $7 million in revenue for chronic & preventive care, while improving quality.
- Northeast Georgia Medical Center - Decreased HbA1C levels across uncontrolled diabetes by an average of 1.6 points within 120 days.
- Riverside Medical Center - Reduced unnecessary readmissions by 40% by using automation to reach and assess patients post discharge.
- Prevea Health - Increased care management productivity by 150% by automatically identifying high risk patients, and automating patient engagement.
The Need to Embrace Profit Cycle Management in Healthcare - WhitepaperGE Healthcare - IT
Executive Overview
Healthcare organizations have been operating under a fee-for-service
model for many years. As such, financial leaders have become well
versed in implementing revenue cycle management systems and
processes that primarily focus on the money that comes into an
organization. Today, a new need is emerging. Healthcare reform
and other system changes are moving the industry toward hybrid
payment models such as bundled payments, shared savings, and
capitation. To thrive in this new environment, financial leaders need
to move toward profit cycle management – an emerging model
that matches the revenues from new payment models with an
improved understanding of the true costs to deliver patient care.
The result: Positive financial performance – even in the face of
declining payments – that can be reinvested in the mission to
provide better care.
The foundation of any business or household is profit, defined as
revenue net of expenses (and applicable as such even to not-for-profit
organizations). Regardless of whether you are start-up, a Fortune 500
company, or a family of four, you need to ensure that you are bringing
in more money than you are spending. In many businesses, the
formula to determine your “profitability” is fairly straightforward.
In healthcare, however, the situation is significantly more complex,
as existing and new payment models make it difficult to determine
exactly how much revenue is going to come in the door. On the cost
side, the move to accountable care and value-based payment has
shifted the management of risk and cost onto the providers and
delivery networks, yet most providers lack the tools that would
provide a detailed understanding of the costs required to deliver
quality care, especially when that care is delivered in multiple
locations. A new model of software tools is required – representing
the next generation of revenue cycle management tools and an
emerging class of healthcare cost accounting tools. The end goal?
A solution for profit cycle management that will help organizations
generate a positive financial performance and can be reinvested
in the mission to provide better care.
This change will not happen overnight. Rather, it will be an evolution
over the next five years, as integrated delivery networks update
their revenue cycle solutions to accommodate the new payment
models, and as they deploy new activity-based costing solutions.
How Providers Can Reshape their Operations to Master Value-Based ReimbursementsCognizant
Healthcare providers must make sweeping system, process and operational changes to thrive under the inevitable move to value-based payments. Here are our recommendations on how to get started.
Healthcare Payer Digital Transformation | Health Plan Services | Healthcare B...RNayak3
Transform your healthcare payer operations with our digital transformation services. As the #1 outsourcing and consulting company, we're your premier provider for BPO/BPM solutions in the healthcare payer industry.
White Paper - Digital strategy and the shift to value based careTerence Maytin
Summary: The U.S. healthcare system is rapidly transitioning from fee-for-service to value- based care as part of massive and ongoing industry-wide transformation. Digital strategy is evolving to meet new challenges, help drive disruptive innovation, and better engage a large, growing audience of connected health consumers.
A New Payer Model for Medical Management ExecutionCognizant
To combat rising costs and inefficient use of resources, payers can streamline utilization management and optimize care management through medical management delivered as a service.
With Open Enrollment upon us, employers, employees, benefit advisors, and more are looking for new ways to help meet the needs of engaged healthcare consumers. But what will drive the industry this year? We share the top five trends that will help to create a beneficial health insurance selection environment throughout the healthcare continuum.
The Quality Payment Program offers a physician a choice of two paths for reimbursement:
The Merit-based Incentive Payment System (MIPS) Alternative payment models (APMs) which are further segregated into -Advanced and Non Advanced kinds.
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:
1. Direct Patient Care:
Objective: Provide comprehensive and compassionate care to infants, children, and adolescents in various healthcare settings (hospitals, clinics, etc.).
This includes tasks like:
Monitoring vital signs and physical condition.
Administering medications and treatments.
Performing procedures as directed by doctors.
Assisting with daily living activities (bathing, feeding).
Providing emotional support and pain management.
2. Health Promotion and Education:
Objective: Promote healthy behaviors and educate children, families, and communities about preventive healthcare.
This includes tasks like:
Administering vaccinations.
Providing education on nutrition, hygiene, and development.
Offering breastfeeding and childbirth support.
Counseling families on safety and injury prevention.
3. Collaboration and Advocacy:
Objective: Collaborate effectively with doctors, social workers, therapists, and other healthcare professionals to ensure coordinated care for children.
Objective: Advocate for the rights and best interests of their patients, especially when children cannot speak for themselves.
This includes tasks like:
Communicating effectively with healthcare teams.
Identifying and addressing potential risks to child welfare.
Educating families about their child's condition and treatment options.
4. Professional Development and Research:
Objective: Stay up-to-date on the latest advancements in pediatric healthcare through continuing education and research.
Objective: Contribute to improving the quality of care for children by participating in research initiatives.
This includes tasks like:
Attending workshops and conferences on pediatric nursing.
Participating in clinical trials related to child health.
Implementing evidence-based practices into their daily routines.
By fulfilling these objectives, pediatric nurses play a crucial role in ensuring the optimal health and well-being of children throughout all stages of their development.
Empowering ACOs: Leveraging Quality Management Tools for MIPS and BeyondHealth Catalyst
Join us as we delve into the crucial realm of quality reporting for MSSP (Medicare Shared Savings Program) Accountable Care Organizations (ACOs).
In this session, we will explore how a robust quality management solution can empower your organization to meet regulatory requirements and improve processes for MIPS reporting and internal quality programs. Learn how our MeasureAble application enables compliance and fosters continuous improvement.
For those battling kidney disease and exploring treatment options, understanding when to consider a kidney transplant is crucial. This guide aims to provide valuable insights into the circumstances under which a kidney transplant at the renowned Hiranandani Hospital may be the most appropriate course of action. By addressing the key indicators and factors involved, we hope to empower patients and their families to make informed decisions about their kidney care journey.
Deep Leg Vein Thrombosis (DVT): Meaning, Causes, Symptoms, Treatment, and Mor...The Lifesciences Magazine
Deep Leg Vein Thrombosis occurs when a blood clot forms in one or more of the deep veins in the legs. These clots can impede blood flow, leading to severe complications.
Medical Technology Tackles New Health Care Demand - Research Report - March 2...pchutichetpong
M Capital Group (“MCG”) predicts that with, against, despite, and even without the global pandemic, the medical technology (MedTech) industry shows signs of continuous healthy growth, driven by smaller, faster, and cheaper devices, growing demand for home-based applications, technological innovation, strategic acquisitions, investments, and SPAC listings. MCG predicts that this should reflects itself in annual growth of over 6%, well beyond 2028.
According to Chris Mouchabhani, Managing Partner at M Capital Group, “Despite all economic scenarios that one may consider, beyond overall economic shocks, medical technology should remain one of the most promising and robust sectors over the short to medium term and well beyond 2028.”
There is a movement towards home-based care for the elderly, next generation scanning and MRI devices, wearable technology, artificial intelligence incorporation, and online connectivity. Experts also see a focus on predictive, preventive, personalized, participatory, and precision medicine, with rising levels of integration of home care and technological innovation.
The average cost of treatment has been rising across the board, creating additional financial burdens to governments, healthcare providers and insurance companies. According to MCG, cost-per-inpatient-stay in the United States alone rose on average annually by over 13% between 2014 to 2021, leading MedTech to focus research efforts on optimized medical equipment at lower price points, whilst emphasizing portability and ease of use. Namely, 46% of the 1,008 medical technology companies in the 2021 MedTech Innovator (“MTI”) database are focusing on prevention, wellness, detection, or diagnosis, signaling a clear push for preventive care to also tackle costs.
In addition, there has also been a lasting impact on consumer and medical demand for home care, supported by the pandemic. Lockdowns, closure of care facilities, and healthcare systems subjected to capacity pressure, accelerated demand away from traditional inpatient care. Now, outpatient care solutions are driving industry production, with nearly 70% of recent diagnostics start-up companies producing products in areas such as ambulatory clinics, at-home care, and self-administered diagnostics.
COVID-19 PCR tests remain a critical component of safe and responsible travel in 2024. They ensure compliance with international travel regulations, help detect and control the spread of new variants, protect vulnerable populations, and provide peace of mind. As we continue to navigate the complexities of global travel during the pandemic, PCR testing stands as a key measure to keep everyone safe and healthy. Whether you are planning a business trip, a family vacation, or an international adventure, incorporating PCR testing into your travel plans is a prudent and necessary step. Visit us at https://www.globaltravelclinics.com/
PET CT beginners Guide covers some of the underrepresented topics in PET CTMiadAlsulami
This lecture briefly covers some of the underrepresented topics in Molecular imaging with cases , such as:
- Primary pleural tumors and pleural metastases.
- Distinguishing between MPM and Talc Pleurodesis.
- Urological tumors.
- The role of FDG PET in NET.
Health Education on prevention of hypertensionRadhika kulvi
Hypertension is a chronic condition of concern due to its role in the causation of coronary heart diseases. Hypertension is a worldwide epidemic and important risk factor for coronary artery disease, stroke and renal diseases. Blood pressure is the force exerted by the blood against the walls of the blood vessels and is sufficient to maintain tissue perfusion during activity and rest. Hypertension is sustained elevation of BP. In adults, HTN exists when systolic blood pressure is equal to or greater than 140mmHg or diastolic BP is equal to or greater than 90mmHg. The
How many patients does case series should have In comparison to case reports.pdfpubrica101
Pubrica’s team of researchers and writers create scientific and medical research articles, which may be important resources for authors and practitioners. Pubrica medical writers assist you in creating and revising the introduction by alerting the reader to gaps in the chosen study subject. Our professionals understand the order in which the hypothesis topic is followed by the broad subject, the issue, and the backdrop.
https://pubrica.com/academy/case-study-or-series/how-many-patients-does-case-series-should-have-in-comparison-to-case-reports/
Global launch of the Healthy Ageing and Prevention Index 2nd wave – alongside...ILC- UK
The Healthy Ageing and Prevention Index is an online tool created by ILC that ranks countries on six metrics including, life span, health span, work span, income, environmental performance, and happiness. The Index helps us understand how well countries have adapted to longevity and inform decision makers on what must be done to maximise the economic benefits that comes with living well for longer.
Alongside the 77th World Health Assembly in Geneva on 28 May 2024, we launched the second version of our Index, allowing us to track progress and give new insights into what needs to be done to keep populations healthier for longer.
The speakers included:
Professor Orazio Schillaci, Minister of Health, Italy
Dr Hans Groth, Chairman of the Board, World Demographic & Ageing Forum
Professor Ilona Kickbusch, Founder and Chair, Global Health Centre, Geneva Graduate Institute and co-chair, World Health Summit Council
Dr Natasha Azzopardi Muscat, Director, Country Health Policies and Systems Division, World Health Organisation EURO
Dr Marta Lomazzi, Executive Manager, World Federation of Public Health Associations
Dr Shyam Bishen, Head, Centre for Health and Healthcare and Member of the Executive Committee, World Economic Forum
Dr Karin Tegmark Wisell, Director General, Public Health Agency of Sweden
2. 2 | Top Revenue Cycle Trends 2019
Revenue cycle trends for 2019 and beyond
2018 was a very eventful year for the healthcare industry. The shift to value-based care, increased outsourcing and
offshoring by healthcare providers, increasing patient responsibility for cost of care, rising adoption of robotic process
automation, rapid evolution of artificial intelligence solutions custom built for revenue cycle, and most importantly,
increasing seamlessness in the flow of data between payers and providers, are some of the trends that will shape the
industry in 2019.
In 2019, decision makers in healthcare provider organizations will be challenged to keep pace with the rapidly
changing technology landscape and, accordingly, fundamentally redesign internal and outsourced processes.
In this brief, we will take a deeper look at these trends.
3. 3 | Top Revenue Cycle Trends 2019
1. Shifting physician concentration to larger entities
Imperatives for revenue cycle practitioners
Medical billing service providers need to assimilate the impact of
these changes and work with hospital/physician practice decision
makers to streamline increasingly complex revenue cycle
processes while training their staff members to understand the
implications and adapt to the changes in the processes.
Physicians are increasingly consolidating into larger physician groups,
hospitals, and health systems to achieve economies of scale, create a
stronger, branded healthcare experience, and to have improved access
to better technologies, all while leveraging better negotiating power
with health plans. As a result, the lines between inpatient and outpatient
revenue cycle processes and systems are blurring, which is further
compounded by the fact that provider organizations are now managed
by a single central billing office that now requires structured, revenue
cycle processes.
Typically, the fee schedules of the larger entity are adopted during
consolidation. More often than not, this leads to higher costs as health
systems tend to add components of facility costs on top of the typical
professional fee. Further, physicians operating in larger
organizations tend to see fewer patients each day as a result of
additional administrative work. The objective is for physicians to spend
more time on care with improved coordination of care. However, the
long-term impact of this will be increased cost of providiing care and
lower profitability.
4. 4 | Top Revenue Cycle Trends 2019
2. Improving the patient experience
Imperatives for revenue cycle practitioners
Medical billers need to recognize that every dollar that is not
collected at the point of service is a dollar that may be
potentially lost. Investing in better eligibility verification and prior
authorization automation tools not only improves patient
collections but also enhances the overall patient experience.
Consumer-Directed Health Plans (CDHPs) are becoming more
popular resulting in greater patient responsibility for the costs of
care. As a result, collecting patient deductibles upfront is becoming a
key to success. Further, value-based care is becoming a more viable
reimbursement model – replacing the traditional fee-for-service
model. With the overall patient experience in mind, healthcare needs
to adopt a point-of-sale (POS) retail model where the cost of care
and patient responsibility is communicated upfront.
Transparency. Patients want improved cost transparency to better
understand what their share of the cost is, as well as access to
convenient payment methods. Healthcare providers need to
accurately determine the cost of care, including all cost elements of
the billing cycle from pre-visit processes through settlement, and,
clearly communicate the out-of-pocket expenses owed by patients.
Customer Service Mindset. Effective training of the front-office
personnel to better understand the patient’s financial responsibility,
as well as, provide flexible payment options becomes critical to
delivering a positive patient experience.
5. 5 | Top Revenue Cycle Trends 2019
3. Digital healthcare and focus on total well-being
Imperatives for revenue cycle practitioners
While care providers need to invest in technologies that shift the delivery model
to more preventive mechanisms, service providers need to focus on including
care coordination, analytics-based preventive care, and improved utilization
of KPIs to maximize revenue recovery.
The use of wearable devices that facilitate continuous monitoring combined with an
increased application of analytics on population segments is on the rise. The total
well-being concepts that tie medical, emotional, financial, and social well-being are
more utilized in the delivery of care.
Connected healthcare technologies will potentially reduce costs, improve cost
transparency, and provide improved access to healthcare. Patients want to know
more about the healthcare conditions, get increased access to care when they want
it, and be able to pay for the cost of healthcare. Further increased awareness of the
costs of healthcare and increased focus on total well-being, is influencing people to
adopt more healthy lifestyles. New healthcare players including Amazon, Apple, and
Google, are utilizing ingenious mechanisms to get access to patient data and apply
the power of data and analytics.
While clear business models are yet to emerge in many of these areas, we believe
that digital healthcare delivery – in terms of analytics, information, and care delivery
– is here to stay. Health plans and care providers need to relook at newer ways to
stay connected with patients throughout the continuum of care. From information
dissemination about the health conditions to periodic monitoring and preventive
care, digital healthcare delivery models help reduce the total cost of care and
improve the overall experience.
As such, the changing nature of healthcare delivery is one of the key reasons
behind the consolidation in the industry – leading to larger brands with the technical
and financial strength to deliver healthcare efficiently.
6. 6 | Top Revenue Cycle Trends 2019
4.Consolidation and technology trends
Imperatives for revenue cycle practitioners
Revenue cycle practitioners need to become more judicious about
their technology investments. Investing in cloud-based platforms can
lower the total cost of ownership but the choice should be driven by
the investments that the solution provider is making into building
platforms of the future.
2018 has seen some of the largest multi-billion-dollar consolidation deals
including CVS-Aetna, Cigna-Express Scripts, and other moves such as
Amazon, Berkshire Hathaway, and JPMorgan Chase, creating a joint
venture to reduce healthcare costs. Further, the industry has also seen
multibillion-dollar investments by private equity companies (KKR
acquisition of Envision and Veritas Capital/Elliott Management acquisition
of Athenahealth) as well. Never before has the healthcare sector seen
such intensified levels of investment flows.
Looking at broader trends, some of the key reasons for the investment
flow into the provider technology space include
1) industry participants trying to own more components of the
healthcare value chain,
2) technology companies making investments to enable a more
connected healthcare system,
3) experiences from other industry verticals such as retail and financial
services being applied to the healthcare space, and
4) the need for increased cost transparency and mechanisms to
reduce costs.
7. 7 | Top Revenue Cycle Trends 2019
5. Revenue cycle platforms – strengthening cloud-based models
Imperatives for revenue cycle practitioners
Healthcare decision makers need to exercise the right level of
diligence while making investment choices on technologies.
The rate of change in healthcare technologies is taking on
increased proportions and, therefore, choosing the right
technology partner is critical.
The shift to cloud-based revenue cycle platforms will continue to
surge. While numerous platform players have begun to focus on
different specialty niches, we anticipate further consolidation of
platform players as the new connected ecosystem demands
increasing investments in analytics and more seamlessness
between inpatient and outpatient platforms. We see significant
consolidation of revenue cycle platform players with this increased
focus on consolidated inpatient and outpatient environments.
We also see a lot of focus on seamless information flows between
the technology environments – both financial as well as clinical
technologies – to enable the right care decisions and improving
the patient experience while reducing the cost of administrative
processes.
8. 8 | Top Revenue Cycle Trends 2019
6.The rise of value-based reimbursement models
Imperatives for revenue cycle practitioners
The new norm is to pay for increased value, greater efficiency,
more effective workflows, stronger care delivery, and improved
patient-physician collaboration that is driven by population health
analytics. As a result, revenue cycle decision makers have to
modify their delivery models to improve efficiency and
effectiveness.
The Affordable Care Act led to value-based reimbursement models,
which are now expected to surpass fee-for-service payments in the
next three years. An increasing number of healthcare institutions
– commercial insurance and health systems – are innovating and
developing newer models for value-based reimbursements. As per
Aetna’s 2018 Healthcare Trends report, over 59% of healthcare
payments will be value-based by 2021.
9. 9 | Top Revenue Cycle Trends 2019
7. Cost containment focus
Imperatives for revenue cycle practitioners
In order to keep pace with a reduction in reimbursement evidence
by value-based payment models, labor shortages and rising costs
of labor, a combination of automation, offshoring, and analytics-driven
cost containment strategies are likely to be adopted by healthcare
decision makers.
Cost containment focus takes center stage to address
1) high deductible plans/out of pocket costs
2) value-based reimbursement
3) increased regulatory compliance (i.e. ABN, MSP, MIPS, HIPAA,
Utilization Review/Case Management, and Site of Care Policies)
Healthcare executives are continuously looking for ways to reduce
costs – particularly labor – and increase profitability without sacrificing
patient care quality.
10. 10 | Top Revenue Cycle Trends 2019
8. Intelligent revenue cycle automation technologies
Imperatives for revenue cycle practitioners
Several automation platforms claim to automate significant portions of the revenue cycle process
chain. However, revenue cycle complexity is defined by its unique requirements – provider specific
business rules, multiple specialties, and non-standard processes on account of varying degrees of
automation across thousands of payers in the industry. Dealing with this complexity requires
1) a mature and efficient business process services team with capabilities to determine which
components of the process can be automated
2) a flexible, self-learning automation platform, and,
3) a seasoned team of revenue cycle process automation experts.
When trusting your revenue cycle services to outsourced or offshore service providers, healthcare
decision-makers should look at the automation capabilities of the service provider. As a best practice,
look at the flexibility of their solution in terms of man-machine interaction capabilities and the ability to
automate processes on-demand. Where possible, organizations need to look at a full cycle
operational effectiveness approach including workflow management, Lean Six Sigma quality programs
to identify transformation opportunities, a point solutions portfolio to rapidly customize automation to
newer processes, and provider-built automation solutions versus third-party automation solutions.
According to many industry analysts, about one-third of revenue cycle processes can be automated.
Revenue cycle processes are comprised of a high volume of business rules-driven repeatable
processes – a perfect business case for applying intelligent, robotic process automation
technologies.
The priorities for the revenue cycle have been shifting to the front office - improving the complex
prior authorization, eligibility, and benefits verification processes to determine patient responsibility
effectively. Such shifts have become increasingly important with high-deductible health plans. Further,
the back-office revenue cycle is seeing higher claim denial rates. Web-status automation and
intelligent analytics that can address denials effectively are technologies that will increasingly
become more utilized.
11. 11 | Top Revenue Cycle Trends 2019
Revenue Cycle Process Automation Solution
Patient Scheduling
Intelligent voice automation solutions working in synchrony with interactive voice response systems can automate as much as 30% of the
processes.
Eligibility and Benefits Verification Access insurance websites for eligibility verification and benefits determination through secure mechanisms with minimal human intervention.
Prior Authorization
Prior authorization requires a lot of paperwork from providers, resulting in increased time for payers to adjudicate prior authorization requests.
Through automated solutions, these requests can be submitted via payer websites, and in some case through EDI. Automated solutions can be
deployed for authorization and/or referrals, to ensure proper insurance coverage of the required procedures.
Patient Registration Optical character recognition (OCR) technologies combined with smart data entry.
Front office collections Self-pay solution to determine patient responsibility through machine learning and analytics.
Medical Coding
Optical character recognition, identification of medical procedure and diagnosis using industry frameworks for medical natural language
processing in patient charts, dynamic code suggestions using medical coding libraries.
Charge Capture and Entry Optical character recognition technologies along with bot-enabled smart data entry.
Billing/Scrubber/Clearinghouse edits Intelligent analytics combined with robotic process automation to verify the source data.
Claims submission to payers Dynamic construction of batches to submit claims to payers.
Payment posting (Manual) Optical character recognition technologies along with bot-enabled smart data entry (including rules-based reconciliation).
Payment posting (Electronic) EDI batch upload automation and combined with rules-based exception handling.
Secondary Claims Submission Optical character recognition technologies along with bot-enabled smart data entry.
Payment variance analysis Analytics to match receipts against fee schedules.
Accounts receivable follow-up
(by payer type)
Automation of pre-call analysis, intelligent web-status along with automated IVR interactions.
Claims Refiling/Appeals Machine learning based appeals letter generation, printing and faxing to create a near paperless environment.
Statements to patients Access by the practice management system to generate statements based on rules.
Denial posting and resolution
Optical character recognition technologies along with bot-enabled smart data entry Automation of pre-call analysis, intelligent web-status along
with automated IVR interactions, and refiling of claims.
Credit Balance and refunds, and Bad
Debts
Analytics on claim payments, automation of payment corrections and refund generation, adjustments, and the write-off of bad debts based on
business rules.
Reporting results and analysis KPI reports based on industry best practices (HFMA and MGMA standards, etc.).
Provider Enrollment and Credential-
ing
Initiation of provider enrollment processes, standardization of registration processes with payers, and generation of welcome letters.
Below is a summary of how automation technologies can be applied across the revenue cycle process continuum:
12. 12 | Top Revenue Cycle Trends 2019
9.Telemedicine is finally coming of age
Imperatives for revenue cycle practitioners
With over 49 million Americans enrolled, Medicare has
already released the telemedicine CPT code set online
which will further expand in 2019. Increasing adoption of
telemedicine by commercial payers to reduce costs will
further drive growth in this area. Consider making
telemedicine an integral part of your care delivery strategy
and backing it with a global delivery model for care
coordination.
With more than a quarter of the US population subscribing
to managed care plans, telemedicine is a key component of
value-based care. Today’s healthcare is increasingly being
provided by accountable care organizations and managed care
groups. Large employer groups/self-funded plans are utilizing
telemedicine to cut costs and expand access to providers, and
we anticipate that there will be increased adoption of
telemedicine trends. This trend is further fueled by the growth
of wearable devices and the ability to monitor chronic
conditions in real-time.
13. 13 | Top Revenue Cycle Trends 2019
10.Population health to improve the delivery and cost of care
Imperatives for revenue cycle practitioners
Embedding insights into point-of-service systems and equipping the
physicians and care coordinators can boost patient engagement and drive
effective follow through. Further, patients with chronic conditions need to be
educated on their conditions through an integrated, periodic digital
communication strategy supported by personal interventions.
Population health analytics can enable streamlined delivery of value-based
care, reduce costs, improve utilization of resources, and drive timely and
effective patient interventions.
Population health analytics enables caregivers to achieve the dual objective of
reducing healthcare costs while providing better care outcomes. The process
requires a three-stage approach
1) patient risk stratification to identify patients with high risk of negative
health outcomes
2) understanding the cost of care for these high-risk individuals, and
3) effective care coordination.
The transition from an understanding of healthcare data of patients to driving
effective care delivery is by no means an easy task and needs to be embedded
in patient-specific workflows.
14. 14 | Top Revenue Cycle Trends 2019
11. Utilize the power of analytics to improve the effectiveness of your revenue cycle
With reducing reimbursements, provider organizations are under pressure
to ensure their healthcare revenue cycle is operating at maximum efficiency.
While industry-standard KPIs, such as HFMA’s Measure, Apply, Perform (MAP)
Keys, and MGMA’s DataDive, provide effective mechanisms to assess
performance against industry benchmarks, the time has come to shift the
paradigm and integrate these insights into your operational workflow.
Imperatives for revenue cycle practitioners
Smart analytics engines capable of generating insights into how your
revenue cycle is performing in real-time and into your operational
workflow can dramatically help to improve your revenue cycle
performance. A combination of analytics technologies, artificial
intelligence, and a powerful business process management system can
focus the efforts of your revenue cycle team members on effectively
addressing issues such as A/R greater than 120 days, timely claims filing,
or credit balances. These technologies enable you to address your
revenue cycle issues proactively before they result in denied claims,
therefore maximizing significant value from your revenue cycle.
15. 15 | Top Revenue Cycle Trends 2019
12.Getting serious about cybersecurity
Imperatives for Revenue Cycle Decision Makers and Caregivers
Revenue cycle and healthcare technology practitioners need to take into account
the growing threat from hackers, business associates, and insiders. A strong
compliance program, as well as the adoption of secure information standards, is
required when dealing with business associates including offshore service
providers, and with employees. With end-to-end security no longer an option but a
requirement, it is critical to utilize partners who have a demonstrable track record of
operating in a compliant manner and adopting industry standards such as HITRUST
and ISO 27001.
A total of 4.4 million patient records were compromised in 117 health data breaches in
the third quarter of 2018, according to the latest Protenus Breach Barometer. As many
as 50% of these incidents were a result of hacking, followed by about 23% coming from
insider incidents. Protecting the privacy and security of consumer information to
maintain consumer trust in sharing data is critical to the success of the changing
business of healthcare. On one side, there is a need to allow a seamless flow of
information, on the other side, there is the growing number of information security
incidents to contend with.
16. Author
Manish Jain, Chief Marketing Officer Access Healthcare
Manish brings over 15 years of experience in solution design, sales, and marketing healthcare and financial services customers.
He can be reached at manish.jain@accesshealthcare.com
About Access Healthcare
Access Healthcare provides business process outsourcing and applications services, and robotic process automation tools to
healthcare providers, payers, and related service providers. We operate from 19 delivery centers in the US, India and the
Philippines, and our 11,000+ staff is committed to bringing revenue cycle excellence to our customers by leveraging technology,
emerging best practices, and global delivery. Based in Dallas, we support over 300,000 physicians, serve 80+ specialties,
process over $ 70 billion of A/R annually, and ascribe medical codes to over 30 million charts annually. To learn how Access
Healthcare can help your organization boost its financial performance, visit accesshealthcare.com or write to us at:
info@accesshealthcare.com
m: +1 844.533.1307
w: accesshealthcare.com
e: info@accesshealthcare.com