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11/1/2017 

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

Looking to achieve physician alignment?  walks us through the steps he took to improve after a wake-up call revealed that his goals and incentives were misaligned.

Does everything in the hospital care continuum track back to anatomy? Dr. Robert A Felberg, a 20-year neurologist and current CEO of a physician advocate organization, breaks down the anatomy of a complex physician contract negotiation. Some interesting insights for both sides of the table, including utilizing a market value report to align talks with data.

Don't know what to look for while reviewing your physician contract? PYA has created a checklist that helps hospitals evaluate their compliance efforts.

 

Insights From Us

In our latest article, How you can Generate Revenue From Your Physician Contracts, we shed light on the one of two things to you can do to succeed profitably. In short, you can increase your revenue or decrease your expenses. 

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Growth: Growth brings the need for more service, employees, product, and just more of everything really. When growth is not present the only option to maintain the needed level of profitability is to cut expenses.

Appropriate Billing: There is another tactic that should not be overlooked on the revenue side related to reimbursement. The key is to make sure you are getting paid for what you do. Appropriately. 

Physician Contracts: In regards to physician contracts, can they grow revenue? The answer is yes, in two ways.

  • Teaching Programs: Medicare allows for reimbursement of these expenses the hospital incurs.
  • Medicare Wage Index: Secondly, for all hospitals, physician contracts for administrative time, on-call, leadership activities, committee work can also be submitted as part of the Medicare Wage Index.

You can read the full article here.

 

How DocTime Log Transforms Hospital Logging

Ludi | Kennedy Health Case Study

Kennedy Health struggled with tracking medical directors’ administrative time. That's when they did their research and turned to Ludi for a solution.

They saw the impact of DocTime Log in just two months—physicians logged a total of 1,795 hours of work in DocTime Log, covering more than 97% of logged time.

Download the full case study to learn more about how Ludi's DocTime Log software transformed Kennedy Health's contract management.

 

Hi! Have We Introduced Ourselves?

Simply put, we help hospitals improve their physician contract management processes to unlock additional revenue. If you can spare a minute (literally!), our video explains more.
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[Upcoming Webinar] Drive Revenue Through Healthcare Tech

Can you imagine the revenue impact of automating physician time-logging with contract level accuracy? 

Join Brian Brock Thursday November 2nd at 11am CST for an exclusive 30 minute webcast. Hospital decision-makers and executives will want to sign up and save the date!