Insights from Ludi

Once a Year, Twice a Year, Never... How often should you audit your physician contracts?

Posted by Lucy Sonnamaker on Sep 11, 2018 11:15:00 AM

 

“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.

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Topics: hospital compliance, Fair Market Value, physician spending, physician accountability

Thanks For The Check. What's It For? Are You Paying Medical Directors That Don't Know They're Medical Directors?

Posted by Michelle Harmon on Aug 21, 2018 11:00:00 AM

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?

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Topics: physician contracts, Physician Relationships, physician administrative contracts, physician spending

What You Are Ignoring Will Bite You

Posted by Michelle Harmon on Aug 7, 2018 11:00:00 AM

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.

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Topics: physician spending

Physicians Talked and We Listened: What a Doc-friendly App Actually Looks Like

Posted by Cooper McGoodwin on Jul 25, 2018 10:23:16 AM

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!

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Topics: physician contracts, physician management, physician logging, Physician Time Logging

Orange is Not Your Color: Recent Uptick of Stark Law Violations; tips to ensure you stay on the right side of the regulatory world

Posted by Michelle Harmon on Jul 10, 2018 9:30:00 AM

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.”

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Topics: Healthcare Law, hospital compliance, physician contracting errors

Last Bucket Standing – Financial Management of Physician Contracting

Posted by Michelle Harmon on Jun 19, 2018 9:00:00 AM

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.

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Topics: physician spending, physician management, hospital management, hospital spending

Tips and Tricks on How to Use Market Data to Establish Payment Rates for Physician Agreements

Posted by Gail Peace on Jun 5, 2018 9:00:00 AM

With this kind of title, I bet you were thinking, “Hey, there is going to be a trick!” Well, there’s not a really a trick. But, we do have a tip: Use market data to establish physician payment rates.

There it is. The straight story from someone who is not in the business of producing, assimilating, repackaging, benchmarking or from one who gains by suggesting this be part of your strategy. And, here’s another tip: Use market data consistently and often. Take a page out of Nike’s book — Just Do It!

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Topics: physician administrative contracts, physician agreements

Directing Your Hospital Dough – Financial Best Practices on Physician Contracts

Posted by Michelle Harmon on May 15, 2018 9:00:00 AM

LEAN, Sixth Sigma – man, we have all heard it, trained on it, and implemented it. This type of efficiency mantra is the bedrock of how to stay profitable; hospitals continue to have more and more pressure to cut any type of fluff from their budgets, to deliver quality care, and be able to grow services to meet the needs of the communities they serve.

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The Hail Mary Play…3 Easy Ways to Minimize Physician Compliance Errors

Posted by Gail Peace on May 1, 2018 12:15:00 PM

Given that it is May 1 and you will likely be staring at a stack of 100 time logs from physicians who want to be paid, here are 3 tips for minimizing compliance errors:

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Topics: physician compliance, physician contracting errors, physician management

LUDI ADDS TO LEADERSHIP TEAM

Posted by Ludi on May 1, 2018 9:00:00 AM

Healthcare Technology Veteran to Lead Product Development

Nashville, TN (May 1, 2018) – LudiTM, a technology company that helps hospitals and health systems manage physician contracts in order to improve compliance and optimize spend, today announced Cooper McGoodwin, PMP, CSPO, has joined the company. McGoodwin will serve as the Director of Product.

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