Insights from Ludi

How you can Generate Revenue From Your Physician Contracts

Posted by Gail Peace on Oct 25, 2017 10:20:00 AM

A wise person once told me there are only 2 levers in business. You can do one of two things to succeed profitably. You can increase your revenue or decrease your expenses.  It’s really that simple.  To improve profitability you must either increase your revenue or decrease your expenses. I’ve personally been part of organizations that were growing as well as those that were not growing, even shrinking in revenue. Let’s start with growth though.

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Topics: physician contracts

How to Streamline Operational Compliance Through Physician Contracts

Posted by Gail Peace on Aug 21, 2017 10:00:00 AM

Health care organizations pay physicians for a variety of duties that are not patient care based, but are more administrative or perhaps task based activities that are for the benefit of the company, not necessarily the physician. These activities are not defined as productive time, meaning the physician cannot bill insurance companies or a patient for this time. It is work being performed on behalf of another organization, not a patient. Over time, health care organizations such as hospitals, device companies, large physician groups, pharmaceutical companies have had to pay physicians a fair hourly rate for all the hours asked of physicians.

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Topics: physician contracts

Losing Sleep Over Your Physician Contracts?

Posted by Pascale Dargis on Jul 12, 2017 10:07:44 AM

We know as a leader in your hospital organization that you’ve got a number of priorities and likely a number of reasons to toss and turn through the night. We also know that physician administrative agreements are an intricate part of your strategy to align with physicians and are probably a much more complicated and time-intensive process to manage than they should be. We've gathered a couple of the reasons that may be keeping you up at night when it comes to your physician contracts and offered solutions so you can finally get some shut eye.

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Topics: physician contracts, contract management systems, physician contracting errors

[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.

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Topics: physician agreements, physician contracts, physician contracting errors

3 Physician Contracting Errors Hospitals Cannot Afford to Make

Posted by Gail Peace on Jun 28, 2017 9:22:12 AM

The regulatory environment dictates that hospitals who contract with physicians meet specific conditions in order for the contract to be legal. The conditions are meant to ensure the physician payment is not based on volume or value of business because it can lead to overusing services and increasing overall costs of care. Technically violating your own contracts can lead to multi-million dollar settlements.

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Topics: physician errors, physician contracts, physician payment, physician contracting errors

The Complexities of Physician Administrative Contracts

Posted by Michelle Harmon on Jun 8, 2017 10:55:53 AM

Our hospital clients have let us know that the handling of physician administrative contracts is a “hot potato” within their administrative team. Nobody seems to want to fully own the issues that come along with these complicated contracts; everyone seems to own a piece of physician administrative contracts such as compliance, medical staff offices, hospital administration, legal teams and the finance department.

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Topics: physician contracts, physician management, physician administrative contracts

A look at MD Ranger's 2017 Physician Contract Benchmarks

Posted by Pascale Dargis & Julia Ogburn on May 3, 2017 9:05:00 AM

 

Two weeks ago, our friends at MD Ranger announced publication of 275 physician compensation benchmarks for call coverage, medical direction, administrative services, leadership services, hospital-based services, clinical professional rates, telemedicine, and diagnostic testing rates. MD Ranger is used in over 325 facilities across the US, including large non-for-profit health systems, urban trauma centers, and rural critical access facilities. MD Ranger helps healthcare organizations determine physician contract rates and document fair market value through its web-based platform. Ludi has partnered with MD Ranger for a number of years as our expertise and products work well together. Today, we wanted to share insights from MD Ranger’s 2017 reports with you.

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Topics: physician contracts, physician payment

4 "Worm Holes" in Physician Administrative Contracts

Posted by Michelle Harmon on May 1, 2017 9:30:00 AM

 

At Ludi, our sole focus is physician administrative contracts. These are the legal vehicles that contain a variety of administrative services that physicians provide to hospitals that are not clinical. These services include medical directorships, on-call, co-management agreements, and physician committee work to name a few. We work with various sizes of health systems and have noticed several patterns, regardless of size, that all hospital administrative teams fall into when automating their manual processes that currently support their payment processes and executive of their physician contracts.

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Topics: hospital compliance, physician contracts, physician 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.

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Topics: revenue cycle management, physician agreements, physician contracts

Contract Management Systems: What They Do (and Don't Do)

Posted by Michelle Harmon on Apr 19, 2017 8:59:21 AM

Hospitals and their many contracts have long been determined as a problem to manage. Several organizations have created top-of-the-line software for hospitals to eliminate paper, wasted time, and automated preparation for those looming threats of an audit.

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Topics: time management, physician contracts, contract management systems