Insights from Ludi

[Infographic] US Cost Report Data That Can Drive Revenue

Posted by Ludi on Nov 8, 2017 9:12:34 AM

There's an overwhelming amount of data in the most recent U.S. Cost Report. For your convenience, we broke it down to highlight three insights that reveal the opportunity for hospitals to capture additional revenue.

Read More

Topics: Physician Time Logging, physician agreements, medicare reimbursement

Common FMV Challenges for Medical Directorship Payments

Posted by Julia Ogburn on Aug 2, 2017 12:00:48 PM

Medical directorships are necessary for the effective management of patient care. However, medical directorship payments can cause headaches for hospital administrators.

Duties are most often outlined in the agreements, however because they are so complex, they become impossible to manage over time. Many agreements include duties that are paid at different rates depending on holiday, weekend or weekday hours. Some duties can be paid quarterly, while others are paid monthly. One agreement with a series of payment amounts and payment timeframes can be detrimental to making accurate payments.

Read More

Topics: physician agreements, Fair Market Value

[VIDEO] Who Owns Physician Administrative Agreements?

Posted by Pascale Dargis on Jul 5, 2017 9:23:18 AM

Physician administrative agreements are such a critical part of hospital strategy. The challenge with these agreements is they live in a variety of departments where each department manages them differently which can be cause for manual process and leave large opportunity for error. With automation comes concrete process across all silos of physician contracts as well as ownership of the problem.

Read More

Topics: physician agreements, physician contracts, physician contracting errors

Physician Agreement Management Pitfalls To Look Out For

Posted by Pascale Dargis on May 30, 2017 3:18:37 PM

Administrative physician agreements have been written for your physicians with help from your legal department or counsel. The clauses are there to be followed for numerous reasons. Perhaps it is to meet your organization’s goals with the way you align with doctors as well as for a variety of compliance reasons. Whatever the reason, it’s important to handle your physician agreements in the way they’re written, even if they’re complex. Failure to do so leaves room for incredible consequences that can affect your organization in a variety of ways.

Read More

Topics: physician agreements, physician errors, physician management, hospital management

What are you Gaining from Managing Physician Agreements?

Posted by Pascale Dargis on May 11, 2017 11:15:00 AM

Finding a ‘foolproof’ process to manage physician agreements can be a greater challenge than anticipated – perhaps so much so that it's often a task that’s put off within the organization. Once you make the decision to better manage physician agreements, there are a number of advantages you can expect to gain throughout the organization. Here’s a 30,000 foot view of changes you will see once you put time and energy into this problem by automating.

Read More

Topics: physician agreements, physician errors, physician compliance, hospital management

Does your Hospital Manage Physician Agreements Correctly?

Posted by Gail Peace on May 8, 2017 9:55:00 AM

Physician agreements are complex with tremendous detail around how the relationship will be governed, what duties are included and how compensation will work. While most organizations are quite proficient in the setup of these agreements, few are very good at managing the complexities of the agreement after they are executed.

Read More

Topics: physician agreements, physician duties, hospital management

Can Automation Improve Physician Payment Processes?

Posted by Michelle Harmon on Apr 26, 2017 10:03:39 AM

Hospital finance and accounts payable teams have a tremendous amount of pressure and responsibility placed on their physician payment processes. They have to follow accounting procedures, operational and financial hospital workflows, and keep track of what they do for perpetual audits.

Read More

Topics: revenue cycle management, physician agreements, physician contracts

Why Physician Contracts are Like Icebergs | A Webinar by Ludi

Posted by Pascale Dargis on Apr 5, 2017 11:45:20 AM

Managing your hospital’s relationships with physicians can seem nearly impossible due to the compliance landscape that surrounds them. In order to keep your physicians happy and your hospital compliant, you need the right physician management strategies in place, beginning with the physician contract.

Read More

Topics: physician agreements, hospital compliance, physician contracts, physician management, webinar

How to Construct the Optimal Physician Contract

Posted by Gail Peace on Mar 14, 2017 1:48:31 PM

Physician contracts should, in theory, be created using templates as a best practice. The reality is that physician contracts are like snowflakes: it’s difficult to find two that are alike. In practice, having too much variation in your physician contracts can be detrimental to the organization. High level of variation can lead to operational problems while trying to execute agreements.

Ludi has had the pleasure of reading close to 7,500 physician contracts in the last three years. From this experience comes a tip sheet on how to construct the optimal physician contract.

Read More

Topics: physician agreements, physician contracts, physician management

5 Steps to Lower Your Physician Agreements Compliance Risk

Posted by Gail Peace on Mar 6, 2017 8:05:00 AM

The four top areas for regulatory risk for hospitals include: Patient privacy, coding, quality, and physician agreements. Physician agreements tend to have the most opportunity for points of failure due to the process, structure, and people involved in making sure agreements are appropriately written and managed over time.

Read through the following 5 tips and consider them a guideline to lower your risk related to physician agreements:

Read More

Topics: physician agreements, hospital compliance