Here at Ludi, we’re obsessed with data. Thousands of physician contracts flow through our software each month, and the quality of the data we collect is the driving force behind the value we deliver to our hospital and health system clients.
If you’re not familiar with the American Health Lawyers Association (AHLA) Annual Meeting, it focuses on the various legal aspects of hospital and physician relationships. This year I attended and learned so much. Here is my (somewhat over-simplified) list of key takeaways from the AHLA show.
If you’re like me and track email updates from the Office of Inspector General – better known as the OIG – then you probably know about the weekly financial settlements many health care organizations face. But now that the new year is upon us, what can we expect from the OIG in 2019 – specifically, as it relates to physician-hospital arrangements?
It’s that time of year for reflections: what we’ve learned in 2018 and how to pay this knowledge forward as we navigate what could be another challenging time for American hospitals and health systems in 2019. In fact, a recent industry report from Fitch showed “declining operating margins across the hospitals rating spectrum.”
“You can’t manage what you don’t measure.” This is not a new business axiom. And, it rings particularly true for hospitals when it comes to physician administrative contracts.
Working with all sizes of hospitals and their physician partners at LudiTM, I see a lot of interesting things. Once, I met a Chief Medical Officer that carried around his physician agreements in a folder that had an orange stain on it. The stain was reminiscent of cheese puffs, but who am I to judge?
It’s a dance we all do. Too many issues, so little time, and a bit of numbness takes over in all of our lives. If you are at the helm of a large healthcare system, ignoring issues can see like the only way to survive. Let’s just say that strategic placement of a business issue towards the BACK of the priority list continues to be en vogue. We all in know life and business, what you ignore, sidestep, rationalize, bury, underestimate….will bite you.
Topics: physician spending
These days it feels like every piece of software marketed for physicians promises to save time. But what ends up happening? You trade a 5-step process that you knew like the back of your hand for a “new” 4-step process that ends up taking even more time!
I worked for a large non-for-profit system “papering” physician employment, loans, and other physician alignment strategies. I regarded compliance as a necessary evil.
It’s actually smart to conduct your organization’s business within in the bounds of federal regulations. The Department of Justice (DOJ) hasn’t taken 2018 off and when they hit an organization, the fine tends to go big. And, now it’s even personal – healthcare executives are being given prison time. As one Ludi™ client has stated, “Orange is not my color.”
Health systems are expanding and continue to acquire new facilities. This type of growth requires examination of all the legacy physician “deals” that are in place. Yet, at LudiTM, we often hear that examination of physician administrative contracts that include medical directorships, co-management, and shared or on call agreements are often put on the back burner for health system teams. We get it, management of physician contracts is messy, and teams do not get overly excited about having to deal with this process. Teams are short on time and people, so this is the bucket that gets pushed down the priority list or even completely ignored.