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How CFOs Can Improve Clinical Outcomes
Jeff Elliott, for HealthLeaders Media

But rising costs and Medicare's efforts to financially penalize healthcare organizations that fail to prove medical necessity have amplified calls for a tighter bond between clinical and finance leaders in hospitals and health systems. [Read More]
 
  September 27, 2010

 
Editor's Picks
HHS Awards $131M for Health Professions Workforce
Health and Human Service Secretary Kathleen Sebelius announced on Friday that nearly $131 million in grants will be used to strengthen and expand the health professions workforce. The grants include $88.7 million in funding from the American Recovery and Reinvestment Act of 2009. Among the grants are $42.1 million for primary care workforce training, $24.9 million for oral health workforce training and $50.5 million for equipment to enhance training across the health professions. [Read More]
Medicare Part D Incurs Substantial Savings with Generics, CBO Says
Dispensing generic drugs rather than their brand-name counterparts reduced prescription drug costs in the Medicare Part D by $33 billion in one year, according to a study by the Congressional Budget Office (CBO). The potential also exists to save even more through generics, according to CBO. Single-source brand-name drugs accounted for 68% of total prescription drug costs under Part D in 2007—even though the drugs accounted for only about 30% of actual prescriptions. [Read More]
CDC Grants Public Health Programs $42 Million
The Centers for Disease Control and Prevention has awarded $42.5 million for 94 public health services delivery improvement projects at state, tribal, local, and territorial health departments. The funding awards—ranging from $100,000 to $2 million will provide health departments with money to improve the delivery of public health services including, building capacity, staff expansion and training, cross-jurisdictional cooperation initiatives and implementing best practices. [Read More]
CMS Renews $86 Million WellPoint Contract
The Centers for Medicare & Medicaid Services (CMS) has renewed a four-year $86.7 million contract to WellPoint, Inc., subsidiary National Government Services, Inc., to continue administering the Durable Medical Equipment Medicare Administrative Contract for the seven-state Jurisdiction B region. The new award, like the original award, consists of a base year and four one-year options. Jurisdiction B includes Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin. [Read More]
Intelligence Report: Physician Alignment in an Era of Change
Hospitals are looking to employ more physicians and buy more medical groups; at the same time, hospitals are receiving an increase in inquiries from physician groups for employment. But this marriage is not without trepidation. Elements of payment reform are expected to put considerable strain on hospital-physician relations. In this exclusive, original research and analysis, we find out what 258 healthcare executives and clinical leaders think about these topics and more. [Read More]
 
Register Today for Lead Transformation: Accelerate Value, Quality, and Coordination
Join us October 21, live or virtually, for this complimentary, exclusive half-day leadership event that will bring leaders from top healthcare organizations to explore real paths to take today toward accountable care structures and define what medical home and patient-centered care mean for your healthcare organization. Recognized leaders and peer experts will be featured from: Texas Health Presbyterian Hospital Dallas, Columbus Regional Hospital, Baptist Health System, Chenango Memorial Hospital, Network Health, Crystal Run Healthcare, Moffitt Cancer Center, Novant Health, and GE Healthcare, Americas. This event takes place October 21, 8:30 am—12:30 pm (CST) at The Fairmont in Dallas, Texas. To register call 800/753-0131or click here.
 
Finance Forum
Medicare Fraud and Abuse Provisions Under the PPACA
President Obama recently signed off on legislation that very likely will result in a substantial increase in lawsuits against health care providers. Intended to combat fraud in the Medicare & Medicaid programs, several amendments in the Patient Protection and Affordable Care Act significantly change the status quo, and will require greater vigilance by healthcare providers in their dealings with the federal government.

[Read More]
 
Sponsored Headlines
Video: Green Data Centers to Smart Buildings with Enterprise Asset Management: Clay Nesler, of Johnson Controls, discusses how IBM asset management solutions enabled them to bring smart building solutions to the commercial and institutional marketplace. IBM Maximo, the complete end-to-end solution, addresses the instrumentation of buildings and the interconnection of that information and technical systems. Johnson Controls have been able to integrate data from all systems—reducing energy use, improving productivity and reducing costs.
 
 
Webcast: Smarter Buildings: Linking energy efficiency with facilities management and maintenance by gaining insight into facilities, their conditions and work processes, CIOs, building owners, operators and tenants are better able to plan and control their environments, thus improving overall operational effectiveness and energy efficiency.
 
 
Flash Demo: Manage Facilities with IBM Maximo Asset Management: This high-level Flash video provides an overview of how the IBM Smarter Planet campaign can help improve facilities management. By using IBM Maximo Asset Management, facilities managers are enabled to create smart buildings that reduce overall energy use and are operationally efficient.
 
 
Webcast: A Conversation with The Johns Hopkins Hospital: A conversation with Tom Lentz, Manager of IT and Finance for the Facilities Department at The Johns Hopkins Hospital in Baltimore and Axendia Industry Analyst Daniel Matlis on how The Johns Hopkins Hospital uses its Integrated Asset and Service Management solution to improve uptime to support patient care; control costs; support regulatory compliance activities; and use workflow capabilities for internal controls.

Axendia White Paper: Lowering the Cost of Healthcare from the Inside Out: This white paper, written by Axendia, discusses how integrated asset and service management enables healthcare providers to enhance patient care, improve clinical outcomes, reduce costs and ensure compliance.

Real-time asset location visibility improves operational efficiencies: This solution brief discusses how the addition of real-time asset location capabilities to IBM Maximo® Asset Management provides complete visibility of an organization's total enterprise assets in real time. This unprecedented visibility enables an organization to improve asset utilization and employee productivity by providing the current location of existing resources.
 
 
 
Finance Headlines
Mass. recasting health payments
The Boston Globe, September 27, 2010
Exec came out of retirement to head UC Health
Cincinnati.com, September 27, 2010
DOJ Busts $3 Million Medicare Fraud Scheme
HealthLeaders Media, September 27, 2010
Use of Diabetes Oral Meds On the Rise
HealthLeaders Media, September 22, 2010
Hard calls for hospitals
The Boston Globe, September 21, 2010
City of Hope's reorg plan creates rift with doctors group
The Los Angeles Times, September 22, 2010
IL Hospitals Generate $75B Annually
HealthLeaders Media, September 27, 2010
 
 
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From HealthLeaders Magazine
Strategies for Hospital C-suite Organization
 
We all know who holds the ultimate power in the C-suite, but what's the ideal balance of power among its other leaders? How do you get your top lieutenants working together as a team rather than as little tyrants lording over their healthcare fiefdoms? [Read More]
 
Service Line Management
Creating Stroke Systems of Care
If U.S. healthcare is headed toward a model that eliminates fragmentation and emphasizes continuity and cooperation, stroke care may be leading the way and making a difference in patients' lives. [Read More]
 
Money Talk

A look at one hospital's struggles to improve

Mayo Clinic, Rochester, MN
Rating: AA-
Outlook: Positive
Affected Debt: $1.7 billion
Agency: Standard & Poor's Ratings Services
Remarks: S&P revised its rating outlook to positive from stable and affirmed its AA- rating on various issuers' debt issued for Mayo Clinic. At the same time, S&P affirmed its various other ratings on numerous bonds issued on behalf of Mayo Clinic. Offsetting credit factors include liquidity levels that are still below similarly rated organizations. S&P also considers Mayo Clinic's asset allocation aggressive, with approximately 50% of Mayo's long-term fund in alternative assets. S&P also cites its potential exposure to future Medicare and Medicare physician reimbursement reductions.
[Read More]
 
Audio Feature

Create Extra Capacity, Without Extra Expense: Wayne Keathley, president of New York's Mt. Sinai Medical Center, discusses adding 10,000 patient discharges per year by working on accountability and efficiency in patient throughput. [Listen Now]
 
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