Billie Whitehurst

5 Reasons Traditional Approaches to Reducing Your Operating Costs Aren’t Enough

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“No margin, no mission.” It’s long been the rallying cry of healthcare leaders who understand that they cannot serve the needs of their communities and patients without at the same time ensuring that their organizations are financially sound. However, a recent study published in Health Affairs found that 55% of for-profit and not-for-profit acute-care hospitals were not profitable.

Doug Moeller, M.D., Medical Director with McKesson Health Solutions

5 Steps to Successfully Manage Risk in Your Organization

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Managing Risk in the Transition to Value

On the journey to improved clinical and financial health, hospitals are all looking for a silver bullet that simply isn’t there. Value-based care comes in many forms that will be used simultaneously to bridge from health care’s current fee-for-service (FFS) to global capitation. The job of health care leaders is to figure out how to navigate the complexity associated with managing the many payment and delivery models. That means not only understanding the administrative, payment and delivery impacts of the models being deployed but also knowing how to measure performance across each of the models.

Beth Prince

4 Steps to Improve Self-Pay Collections

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We all know the risks associated with self-pay patient accounts. The cost to collect is up to three times higher than on commercial insurance accounts, and the longer a self-pay balance goes unpaid, the lower the probability you will ever collect. The reality is, these problems are here to stay because of rising healthcare costs and more high-deductible, consumer-driven healthcare insurance plans.

McKesson Corporation

4 Ways to Drive System-Wide Value

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healthcare system wide value SQUARE

In February 2016, Centers for Medicare & Medicaid Services made a game-changing announcement that affects the quality measures reporting requirements on providers generally and on physician practices specifically. The CMS said it and major private health insurers and major physician organizations agreed to standardized core sets of quality measures for seven delivery models and clinical services lines. In short, the agreement means that physician groups will be collecting and reporting the same set of quality measures to all payers for a particular delivery model or clinical service line.