[Newsletter] Value-Based Physician Incentives? | Data in Physician Relationships | Costs of Admin Bloat

Handpicked Articles For You

The American Journal of Managed Care

A paper published in the journal's March edition advocates for recalibrating physician incentives in the age of value-based care — by incentivizing the "clinical appropriateness" of care as part of physician payments, hospitals may be able to provide care at more accurate levels and based on real patient needs.

Hospitals bracing for four-year nursing shortage by partnering with colleges
Healthcare Finance News

The nursing shortage currently challenging healthcare systems across the country will continue to impact hospital margins for the next three to four years, thanks largely to the labor-related solutions necessary to bridge the gaps in staffing. That's according to a new report from Moody's Investor Service.

Why Is U.S. Health Care So Expensive? Some of the Reasons You’ve Heard Turn Out to Be Myths

The New York Times

Analyzing a paper published in The Journal of the American Medical Association that compares U.S. health care with care in other countries, many oft-cited reasons for bloated health-care spend aren't accurate. But one of the two that held true (which most involved in RCM likely already know): "Our complex payment system causes us to spend far more on administrative costs."

Insights From Our Blog

In our most recent blog, "Doc Doc Goose: The Data You Should Be Watching to Assess the Health of Your Physician Relationships" we shed light on how physicians are your most important partner as a health system to create the best possible teams for healthcare service to a local community and beyond.

Doc Doc Goose The Data You Should Be Watching to Assess the Health of Your Physician Relationships | Ludi

Here is the summary breakdown:

Would you like to know the best way to alienate an employee, physician partner, heck anyone? Don’t pay on time. Drop the ball entirely. Make it hard to get paid; tie the check up in the amazing world of hospital accounts payable. When a hospital creates a contract with a physician for their work, both clinical and administrative, the physician needs to know how she is getting paid, what needs to occur for her to get paid, and on time. Ask yourself is this happening right now in your hospital environment?

What does the physician agreement say? Does the physician know what the agreement says, what is expected of her, and how she will get paid? Physicians typically are swamped; flying through an agreement or even a compensation plan is the norm. Not because they don’t care or it’s not important; it’s just another “to do” item on the physician’s never ending list of “stuff.” Make it easy for both hospitals and physicians to access their contract; reference how they get paid and what they are supposed to be accomplishing in the context of the agreement.

Handpicked Articles For You

Insights From Our Blog

Read the Full Article Here

Join Ludi at the HCCA Compliance Institute

How DocTime Log® Came To Be