Insights from Ludi

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

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 management, hospital management, physician spending, hospital spending

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

Physician Software is Much More Than a Time Logging System

Posted by Pascale Dargis on Jun 21, 2017 6:55:00 AM

If you’re working with physicians in hopes of continuing to build good relationships with them, you are well aware of the intricacies that come with managing their administrative agreements…after all getting your docs paid on time will certainly help alleviate any relationship woes. Even though you may already be housing these agreements in a digital solution and capturing time logs whether on paper or via excel files, there probable is more you can be doing to help yourself and your relationships with your physicians.

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Topics: revenue cycle management, Physician Time Logging, physician software, physician spending

3 Strategies to Cut Physician Expenditures

Posted by Gail Peace on May 17, 2017 12:15:00 PM

Hospitals pay a plethora of physicians in a variety of ways. Some are employed. Some manage the clinical components of service lines in tandem with hospital leadership in co-management arrangements. Some are service line leaders. Some provide on-call coverage for the hospital. Some teach residents or interns at the hospital.

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Topics: physician management, physician spending, hospital spending