How to Minimize Risk During Healthcare Corporate Restructuring

Posted by Jerry Windle, Executive Consultant, Advisory Services on Jan 21, 2015 9:35:00 AM

As of May 2014, healthcare organizations represent about $125 billion or 20 percent of all U.S. corporate mergers and acquisitions (M&A) proposed or underway, according to a Wall Street Journal article.  The OrgStrategyAffordable Care Act has resulted in millions of new customers for health insurers, as well as the need for healthcare organizations to continue increasing efficiencies to reduce costs and improve care quality. While it is important to protect the revenue stream during mergers and acquisitions, managing human capital objectively and humanely during a corporate restructuring is also essential to create a sustainable, successful enterprise.

Read More

Topics: Mergers and Aquisitions

Why Do Healthcare Organizations Need a Business Intelligence Competency Center?

Posted by Bruce Eckert, MBA, CPHIMS, FHIMSS, National Practice Director on Jan 16, 2015 11:46:00 AM

Most healthcare organizations today are lacking the infrastructure and tools necessary to access accurate, complete, and actionable data. A recent KLAS survey showed that of those that do, one-third Data_Analysisdo not have the right BI tools. Lacking a BI strategy was noted as one of “nine fatal flaws in business operations improvement” in healthcare, according to Gartner’s 2014 report, Top Actions for Healthcare Delivery Organization CIOs, 2014: Avoid 25 Years of Mistakes in Enterprise Data Warehousing. While healthcare organizations have some of the most complex data of any industry, the report shows most are not using it effectively. “The biggest flaw of all is the lack of a documented BI strategy, and the use of a poorly developed and socialized one,” according to the report.

Read More

Topics: Business Intelligence and Analytics, White Paper

Reigniting ICD-10 Momentum in Your Organization

Posted by Summer Humphreys, Executive Consultant, Advisory Services on Dec 23, 2014 4:35:00 PM

Now that Congress has rejected requests to delay ICD-10, it’s time to get on the bandwagon or risk significant financial implications. ICD-10 touches virtually every aspect of your organization’s processes and systems, and failure to prepare and comply with the mandate will have a significant impact on your reimbursements.

If your organization has lost momentum or has not started the ICD-10 journey, hiring internal resources or working with external experts will be necessary to meet the deadline. Below is a cheat sheet – based on best practices and industry guidelines – of essential questions to ask leadership and next steps:  

Read More

Topics: ICD-10, ICD-10 Delay

Seven Tips to Survive a Meaningful Use Audit

Posted by Bruce Eckert, MBA, CPHIMS, FHIMSS, National Practice Director on Dec 2, 2014 9:17:00 AM

After investing costly resources and time-intensive efforts in Meaningful Use (MU) attestation, the last thing health systems want to do is return hard-earned incentive dollars.Analytics_Doctor Up to 22% of eligible providers and 5% of hospitals have failed Meaningful Use (MU) audits. Any organization that employs five or more eligible providers is likely to be audited. The audit process can take months, involves a significant expenditure of resources, and impacts your existing projects and timelines. Without advance preparation, the workload burden increases exponentially.

Read More

Topics: Meaningful Use Stage 2, Meaningful Use Audit

How to Use the Flexibility Rule to Meet 2014 Meaningful Use Requirements

Posted by Vernon Groeber, Executive Consultant, Advisory Group on Nov 14, 2014 3:39:00 PM

After public outcry about the tight EHR Incentive Program Final Rule’s deadline to implement 2014 Certified Electronic Health Record Technology (CEHRT) to meet Meaningful Use (MU) requirements, timelines and the CEHRT definition were adjusted to allow for three reporting options. While the options only apply to 2014, eligible hospitals (EHs) and eligible providers (EPs) can still meet MU requirements with either a single older edition, or a combination of CEHRT versions.  

Below are steps to determine the appropriate attestation option and strategy for your available CEHRT.

Read More

Topics: EHR, Meaningful Use