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04/24/2018 
Ludi Newsletter

Dwindling reimbursement, regulatory uncertainty, and shifting payment models have hospital leaders navigating a rapidly growing landscape of choices. Here are our notes on what decision-makers need to know in the industry to stay ahead of the changing tides.

Handpicked Articles For You

Healthcare is in 'an Economic Boom,' and That Means It's Time to Plan for Disruption

Healthcare Finance News

With healthcare spending rising to $3.6 trillion annually, a recent report concludes we're in an high-growth era -- but it may also be the calm before the storm of disruption. Between high-profile mergers and joint ventures, value-based payments, and an increasing focus on "making it" on Medicare payments, analysts predict that much will change in the next five years.

Patient Matching Issues Cost Hospitals $1.5M a Year

Fierce Healthcare

Approximately 33% of all denied claims are associated with inaccurate patient identification, which costs the average hospital $1.5 million and the U.S. healthcare system over $6 billion annually.

More specifically, inaccurate patient identification or information leads to an extra $2,000 per patient per inpatient stay and an extra $800 per emergency department visit. These seemingly preventable costs should be top-of-mind for financially focused administrators tasked with shoring up RCM.

Is America Prepared for a Public Health Emergency?

U.S. News

The National Health Security Preparedness Index shows that overall, the United States' day-to-day readiness for managing a public health crisis last year improved by 11 percent since the index's first iteration in 2013, scoring a 7.1 on a 10-point scale. Thirty-eight states and the District of Columbia also boosted their overall health security in the last year, with Maryland scoring an 8.0 to outpace all other states.

  Insights From Our Blog

In our most recent blog, "Lions, Tigers and Bears, Oh My: Insights From Day 1 of the 22nd Annual Compliance Institute," Ludi CEO Gail Peace shared takeaways from her time at the Institute. Here's Gail with a few highlights: 

Lions, Tigers and Bears, Oh My_ Insights from Day 1 of the 22nd Annual Compliance Institute-1

"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!

This year’s program kicked off with Roy Snell, CEO, who is retiring this year, introducing the new CEO of HCCA, Gerry Zack. Roy’s work was celebrated in creating the amazing organization with over 19,000 members. Gerry joins as the leader with 30 years providing services involving prevention, detection, and the investigation of fraud, corruption and noncompliance. His skills and vision will further the mission of HCCA.

Daniel Levinson from the OIG didn’t disappoint with his keynote on the work plan of the OIG and CMS. Daniel described the focus of using big data to source and go after fraud. The goal is to lower risks for patients."

Read the Full Article Here

Figure out the Spend Vs. Savings of Ludi Technology for your Hospital's Bottom Line

An investment of less than 1% of total physician spend can drive significant revenue for organizations struggling to manage their physician contracts and relationships. Here's a glimpse, based on a few factors at your hospital or health system, of what the potential savings may look like at your hospital.

Calculate Your ROI

How DocTime Log® Came To Be

Ludi CEO Gail Peace noticed in her previous role that while working with doctors, there was always something that got messed up while trying to pay them. That's when an idea popped into her head to start Ludi, and lead with a product that provided clarity and transparency to physician logging and payments.

Check out this short clip where Gail discusses how DocTime Log® came to be:

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