HealthLeaders Media Corner Office - September 3, 2010 | Competitors  Lead Hospital's Financial Turnaround View as a Webpage | Subscribe for Free
Competitors Lead Hospital's Financial Turnaround
Philip Betbeze, Senior Editor-Leadership

Through forward-thinking leadership, two California hospitals helped a competitor transition from hemorrhaging cash to positive net cash flow. How they effected the turnaround was by improving billing and coding and by canceling and renegotiating managed care contracts. Why they did it is another story.
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  September 3, 2010

 
Editor's Picks
AG Raps BIDMC Execs, Board for Levy's Lapses
My colleague John Commins reports that the Massachusetts Attorney General's Office has chastised the executive leadership and the board of directors at Beth Israel Deaconess Medical Center in Boston for years of inaction before addressing CEO Paul Levy's personal relationship with an employee. Investigators determined that while no laws had been broken, the reputation of the prestigious Harvard-affiliated teaching hospital had suffered a blow. The report has already reignited criticism of Levy and whether he should be allowed to continue to lead the health system, with several organizations weighing in, or some might say, piling on. [Read More]
OIG Warns of Pre-Authorization Violations
My colleague Cheryl Clark has discovered that a hospital that offers free insurance pre-authorization services to doctors and patients who need imaging tests "could potentially" be doing so in violation of federal anti-kickback statutes, according to an advisory opinion issued Tuesday by the U.S. Office of Inspector General's Fraud Prevention and Detection Office. [Read More]
Kentucky Fried Health Plan
Interesting column here by my colleague Cora Nucci. She details some recent decisions about so-called "health sharing plans" which pool money for participants in order to pay the bills of others. Many times, these programs do not collect premiums, make promise of payment, or guarantee that medical bills will be paid. She expects to see more of these faith-based alternatives to health insurance as the 2014 deadline for near-universal health coverage nears. But classifying them is tough for state courts, which are having a tough time deciding whether they are health plans or not. In any case, its seems, buyer beware. [Read More]
Join the HealthLeaders Media Council
If you want even better insight into what your peers are doing as healthcare experiences seismic changes, this is an opportunity you can't afford to pass up. The HealthLeaders Media Council is comprised of the nation's leading healthcare executives who collectively provide the most unbiased industry intelligence available. As a HealthLeaders reader, we invite you to qualify to become a member by completing a brief survey. Join fellow Council members to:
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This Week's Headlines
Former Danbury Hospital CFO indicted on fraud charges
News Times, September 2, 2010
Growth slows dramatically in health spending
USA Today, September 2, 2010
Physician Visits Down 7% in July
Janice Simmons, for HealthLeaders Media, September 2, 2010
Texas Pain Clinic Law Cracks Down on Pill Mills
Cheryl Clark, for HealthLeaders Media, September 2, 2010
Thomson Reuters Acquires Healthcare Data Management
John Commins, for HealthLeaders Media, September 2, 2010
Allscripts-Eclipsys HIT Merger Finalized
John Commins, for HealthLeaders Media, September 2, 2010
LifePoint Acquires Sumner Regional Health for $145 Million
John Commins, for HealthLeaders Media, September 2, 2010

 

Webcasts/Audio Conferences
Physicians: Reimbursement and Retention (August 3)
A Better Way Than Pay For Call Coverage (July 15)
Marketing to Physicians: Increase Sales Success Through Measurement and Tracking (July 22)
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It is no surprise that healthcare organizations invest significant time and money in hiring executive leadership. What may be surprising is how often they are ultimately disappointed by the choices they have made, and how an effective assessment methodology can help avoid these costly mistakes.[Read More]
 
Audio Feature

Breaking Down the Barriers to Developing ACOs
Listen to MedAssets' Performance Analytics President Stephanie Alexander about the challenges and possible solutions for hospitals and health systems in developing accountable care organizations.[Listen Now]
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