HealthLeaders Media Finance - October 4, 2010 | 3 Tricks for Finding Hidden Cash in Medicare Cost Reports View as a Webpage | Subscribe for Free
3 Tricks for Finding Hidden Cash in Medicare Cost Reports
Karen Minich-Pourshadi, Senior Editor

Believe it or not, there's money in Medicare, and it may be hiding in your cost report. A Medicare reimbursement services expert describes three areas where hospitals can wave their magic wands to make what’s owed reappear. These tricks aren’t quick, but digging into patient files and uttering a little “abracadabra” just might levitate your bottom line. [Read More]
 
  October 4, 2010

 
Editor's Picks
Healthcare Philanthropy: It's Your Job
Senior Editor Philip Betbeze takes a look at why philanthropy is a CEOs responsibility and why they should know just how difficult a job it is to raise these funds. The statistics are sobering charitable giving for nonprofit healthcare institutions dropped 11% in 2009, the latest period for which figures are available, according to the Association for Healthcare Philanthropy. [Read More]
ACP Offers Ethical Guidelines for Wellness Program Incentives
If you're running a wellness program at your organization, this is a must read. The American College of Physicians has offered ethical guidelines for using incentives to promote personal responsibility for health. While the position paper specifically examines a Medicaid pilot project in West Virginia, much of it can be applied to private sector wellness programs. Senior Editor John Commins digs into the paper to see how it applies across the board. [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. 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]
MA Inches Toward ACO Model
Massachusetts, the first state to adopt near-universal healthcare coverage is out in front of healthcare reform once again. This time, the idea is to revamp the reimbursement system for physicians and hospitals, from the current fee-for service model to a global payments model (a.k.a., bundled payments). Senior Editor Cora Nucci looks at how this key step toward adoption of the accountable care organization model is being welcomed while still being loosely defined and largely untested. [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]
Breakthroughs Report: Hospital Merger and Acquisition Strategies
The rules of healthcare are changing. Today, growth isn't about just getting bigger. It's about developing all of the components needed for coordinated care and reduced costs. In this HealthLeaders Media Breakthroughs report, leading hospital systems that have seen the value of growth from mergers and acquisitions—North Shore LIJ Health System, Novant Health, Baylor Health Care System, and Bayhealth Medical Center—share insights and lessons learned. [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 800/753-0131 or click here.
 
Finance Forum
Tips for Adopting Transparent Federal Contracts
Opportunities from federal agencies take all shapes and sizes. Here are some guidelines for understanding agency contracts, the competitive procurement process, and how to take advantage. In this age of transparency, it is somewhat surprising that so much about healthcare procurement still remains unknown.

[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
Patient-Centered Outcomes Research Gets $473M
Cheryl Clark, for HealthLeaders Media, October 4, 2010
Primary Care Training Programs Receive $17 Million
John Commins, for HealthLeaders Media, October 4, 2010
Charleston Area Medical Center hands out raises
The Charleston Gazette, October 4, 2010
Levine foundation to give $20 million for cancer center
The Charlotte Observer, October 4, 2010
HHS Awards $49 Million to States for HIEs
John Commins, for HealthLeaders Media, October 4, 2010
BCBS (NE) pilot program aims to cut healthcare costs
The Lincoln Journal Star, September 30, 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

The Fate of Healthcare Benefit Coverage Subsidies for Nonprofits:Bruce McPherson, CEO of the Alliance for Advancing Nonprofit Healthcare discusses tax exemptions for nonprofit hospitals and health facilities in light of healthcare reform legislation. [