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03/13/2018 

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

Feds launch investigation into Tenet's Detroit Medical Center

Becker's

Compliance, and closed-loop tracking and reporting, never seems like a priority until it hits close to home. This is a mistake we see again and again — and contract management systems alone aren't solving problems! We're reminded of this as the industry reacts to news of federal review: The U.S. Attorney's Office is investigating a location of a larger health system in the areas of Anti-Kickback Statute, Stark Law and the False Claims Act.

Patient-doctor disagreements lead to unnecessary spending, study finds

Healthcare Finance News

Doctors and older patients may disagree more often than either of them suspect in regards to whether a particular medical test or medicine is truly necessary. New research suggests that improving communication between consumers and clinicians is an untapped opportunity to reduce healthcare costs.

20 states file lawsuit against federal government calling the Affordable Care Act unconstitutional

Healthcare Finance News

The Tax Cuts and Jobs Act, signed into law by President Donald Trump on Dec. 22, 2017, eliminated the tax penalty of the ACA, without eliminating the individual mandate itself. This prompted twenty states to bring a lawsuit against the federal government challenging the constitutionality of the Affordable Care Act.

  Insights From Our Blog

In our most recent blog, "How Much Is your Hospital Spending on Physician Agreements?" we shed light on the importance of knowing your “official count” of partnerships.How Much Is your Hospital spending on Physician Agreements_.png

Here is the summary breakdown:

Where are your hospital’s physician agreements stored? Physician administrative agreements are on paper which means it’s a heavy lift to operationalize. Even if you have a giant filing drawer that electronically warehouses your physician agreements, that doesn’t ensure “count” of what is being spent, who is the “pay to”, is it being counted correctly and what is the strategic context of the electronic file. Physician agreements are birthed from needed strategic physician partnerships and that means its relationship driven. Relationships are local and driven from one on one “kismet”, and joint purpose to serve the healthcare community and serving the individual purpose.

So now what? Build a super-secret spreadsheet that totals the annual max of each physician contract? Now we have the spend? Anybody see the pitfalls in that deal? Physician agreements have to be paid out monthly if they are working correctly; accrual accounting is key. Do you have physicians that do six months of their paper logs in one sitting?

Read the Full Article Here

Real-Time Data For Peak Reimbursement

Hospitals spend millions of dollars on physician alignment – from employment to medical directorships. Ludi helps these hospitals streamline contract and payment data into one place. Watch our quick video to learn more about our flagship solution for physician expenditures, DocTime Log®:

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HCCA Compliance Institute is April 15-18th

Why Managing Physician Contracts Is Like a Game of Whack-A-Mole and How to Position Your Health System to Win! Monday, April 15 | 3:00-4:00

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Heading to HCCA '18? I'll be part of a panel presentation discussing why managing physician contracts is like a game of whack-a-mole and how to position your health system to win. Keep it in mind — I'd love to see you there. We'll also have some other opportunities to learn and connect, so stay tuned!

See it on the agenda (and plan your session schedule)