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07/10/2018 

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

Becker's Hospital Review

Federal prosecutors unsealed charges this week against nine new defendants for their alleged roles in a kickback scheme that resulted in the submission of more than $950 million in fraudulent claims, mostly to California's worker compensation system, according to the Department of Justice.

SURVEY: How does your hospital handle this big bucket of spend? 

Ludi™

Give us 5 minutes, and we'll give you the scoop. Tell us how your hospital manages, tracks and pays on physician administrative contracts. Once the results from you and your counterparts from across the country have been compiled, we'll send you the results. You'll be able to see how your hospital compares to others and get tips on how to improve this cumbersome process. 
 
 
Healthcare IT News

While the use of telemedicine systems has been expanding in recent years, especially as more payers have begun reimbursing for some telehealth services, the industry is on the verge of more widespread virtual care.

But what will that ultimately look like? The next generation of tools will feature enhancements ranging from chatbots, machine learning and genomics to remote diagnostic tools and better sensors.

  Insights From Our Blog

In our most recent blog, "Last Bucket Standing – Financial Management of Physician Contracting" we discussed how management of physician contracts are messy, and teams often 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 but it shouldn't be!

Last Bucket Standing – Financial Management of Physician Contracting

Here's the summary breakdown:

Given how pinched every budget is these days, physician contracts is not the place to skimp on financial management.

This is one place that you can recoup your costs on your Medicare Wage Index simply by turning in the documents that your physician files for their time logs. Done on paper, this is a massive hassle factor for teams — due to the paper process, the lack of infrastructure in place, and limited time. Automation of your physician administration agreements creates an easy-to-use system for physician time submission for Medicare Wage Index. Think of it as an “Easy Button” for this otherwise cumbersome process.

Read the Full Article Here

Client Testimonials

"DocTime Log is a wonderful tool for both contract compliance and financial tracking. The physicians have found it very intuitive to use and have improved the quality of their monthly submissions. I would highly recommend!"

-Kristin Bixby, Physician Services, Lee Health

 "We now have legible, concise physician time logs. It has saved me so much time, from hounding physicians to turn in their time logs and the 5-10 hours each month I spent reviewing and submitting them is now 20 minutes."

-Terry Tuohy, Director of Graduate Medical Education, Weiss Memorial Hospital

Let's Talk!

    

Who Does DocTime Log Help?

The benefits of DocTime Log reach far and wide within a hospital —finance, compliance, legal, physicians, and even the CEO are impacted. Learn more about how DocTime Log helps protect hospitals from costly settlements while improving efficiency and reducing costs. 

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