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10/18/2017 
Ludi Newsletter

Dwindling reimbursement, regulatory uncertainty, and shifting payment models have hospital leaders navigating a rapidly growing landscape of choices. Here's our notes on industry news, strategy, and tech in the business of healthcare.

Handpicked Articles For You

Not sure where to start when reviewing physician agreements? Bret Bissey shared this article that includes an extensive list of questions that hospitals should be asking when reviewing agreements for compliance. The article is from last year but he did write the book on compliance.

Paying physician contracts more than you should? New sources of revenue might be bigger than you think after you see MD Ranger's Total Facility Physician Payment Benchmarks.  

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Ludi Insights

In our latest article, Returns Hospitals Should Expect From Physician Contract Logging Software, we shed light on the perception of contract management software and the reality of where these systems fall short. In short, we explain how operationalizing the day-to-day is actually where the biggest financial rewards are gained. 

Physician Contract logging Software

Here's a summary breakdown: 

1) Improve reimbursement, across all DRGs. It's extremely important hospitals submit every wage paid down to the penny on the Medicare Cost Report due to very complex algorithms on prospective payment systems. Now, If you are using paper time logs, note that not all of your money is being accounted for. 

2) Improve reimbursement, teaching programs. The hours physicians perform in teaching functions also need to be submitted on the cost report...if managed on paper, money could be getting left on the table.

3) Cut expenses. Moving to automation makes all involved move with purpose, and it is common to see expenses decline by 1% to 2% as a result. 

You can read the full article here.

Protect Your Hospital From Physician Contract Pitfalls

In a 45-day period spanning between September and October 2015, technical violations resulted in greater than $1 billion in fines!

Hospitals treat long-term physician contract management and compliance as an afterthought, but when compliance is out of sight and out of mind, real repercussions can come back to haunt you.

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Download our infographic to learn how your team can avoid these COSTLY physician contract pitfalls!

 

Have You Met Ludi yet?

Put simply, we generate new revenue for hospitals by automating the enforcement of physician contracts. Check out the short video below to learn more! 
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What's New at Ludi

We're looking forward to presenting at the HFMA Fall Institute in Tennessee. Ludi CEO, Gail Peace, will be speaking about the financial management of physician agreements that help hospitals increase revenue performance while ensuring compliance.

Reply to this email if you'd like a copy of the presentation.