Insights from Ludi

Lions, Tigers and Bears, Oh My: Insights From Day 1 of the 22nd Annual Compliance Institute

Posted by Gail Peace on Apr 18, 2018 9:05:56 AM

 

This year’s 22nd Annual Compliance Institute in Las Vegas is off to a great start with amazing keynote speakers and informative sessions. If I had to describe a theme of the sessions and the conference, it would be connectivity. Compliance is not one person’s job alone in an organization, but a culture. Doing the right thing should be our priority and working across the organization is necessary. Legal, audit, risk, operations, leadership, the medical staff all must be rowing in the right direction!

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Topics: hospital compliance

Stepping over Stacks of Money: 3 Ways to Decrease Your Physician Investment by 1%

Posted by Gail Peace on Apr 5, 2018 10:25:41 AM

As hospitals cut costs in every area, one of the last remaining protected buckets is physician contracts. What if I told you that you can cut 1% off your total spend this next year. Would you believe me? There are 3 solid ways to cut your spend, and actually, with data, all can be relatively painless. You need a ginzo knife to get in there and trim the fat.

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Topics: physician investment, automation, physician contracts

Doc Doc Goose: The Data You Should Be Watching to Assess the Health of Your Physician Relationships

Posted by Michelle Harmon on Mar 20, 2018 10:00:00 AM

How would your medical staff rate your health system as a partner? Have you asked? Are you wincing just thinking about it? Physicians are your most important partner as a health system to create the best possible teams for healthcare service to a local community and beyond. This is a relationship that has to be tended to daily. What are the data points to watch and measure for your physician relationships?

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Topics: Physician Relationships

How Much Is your Hospital Spending on Physician Agreements?

Posted by Michelle Harmon on Mar 7, 2018 9:04:00 AM

This is funny. (Well, if you are giant hospital nerd focused on broken processes, it’s funny.) Do you know what you are spending on your hospital administrative agreements with your physician partners? You have to know where they are located to start the count. You need to know your “official count” of partnerships (co management, call, employed, medical directorships to name a few.)

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Topics: physician agreements

5 Reasons (and counting) your hospital needs to invest in a physician software solution

Posted by Michelle Harmon on Feb 20, 2018 10:22:00 AM

Do you know how many administrative physician agreementsyou have? Do you know what group took call last night? Do you know who you are paying on auto-pay, how much, and why? How much do you spend annually on medical directorships? Are you chasing approvers to sign time logs on Friday Happy Hour so you don’t further antagonize your very important physician partner?

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Topics: physician agreements

Are you looking at your total physician investment? Should you be?

Posted by Gail Peace on Feb 6, 2018 10:04:00 AM

Over the past two decades the number of physicians employed by hospitals has increased exponentially. Employment is one form of physician alignment but there is a whole other bucket that is surprisingly large, let’s call it everything else. Everything else includes medical directorships, teaching agreements, committee work, co-management agreements, on-call and hospital based services. So here is our calculation:

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Topics: physician investment

The Missing Link: Hospital infrastructure for capturing physician spend

Posted by Michelle Harmon on Jan 23, 2018 10:22:00 AM

Who’s on first to quote Abbot and Costello…..hospital and health systems are notorious for having silos. We are witnesses to health systems acquiring other hospitals which continues to increase the silo effect and more layers of disconnect. With physician agreements, the complexity is intense and a gap for hospital operations.

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Topics: physician agreements

3 Major Problems with Measuring your Physician Spend

Posted by Gail Peace on Jan 18, 2018 10:20:00 AM

What is physician spend? This is a term used to describe all the dollars that flow from hospitals to physicians. It can be in the form of employment, a contract to provide a particular type of coverage, ie Emergency Room physician staffing, or it can be for a service, ie medical directorship. Now that it is defined, what are the reasons it is super hard to measure?

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Topics: physician spending

How to Employ Technologies that Don’t Torture Physicians

Posted by Michelle Harmon on Dec 19, 2017 8:58:33 AM

Physicians have not traditionally entered the workplace to lead or run businesses; they want to care for people, heal their communities, and make a good living. With all the complications in healthcare, regulations, how to care for patients and remain profitable, physicians are being tapped daily for “extracurricular” management work.

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Topics: Physician and Hospital Relationship, physician management, physician software

6 Ways for Hospitals to Avoid Costly Fines and Settlements

Posted by Brian Brock on Dec 12, 2017 2:15:00 PM

Today hospitals still face many regulatory and compliance risks. However, we aren’t out of luck quite yet, because there are several ways hospitals can reduce these types risks. Here, we highlight six ways to avoid costly fines and settlements specifically related to physician compensation practices.

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Topics: Fair Market Value, hospital compliance, hospital management, Physician Time Logging