HealthLeaders Media Finance - November 8, 2010 | Online Recurring Payments Cut Bad Debt Simply, Cheaply View as a Webpage | Subscribe for Free
Online Recurring Payments Cut Bad Debt Simply, Cheaply
Karen Minich-Pourshadi, Senior Editor

In an effort to reduce billing costs, one hospital is using self-service technology to give patients the ability to create recurring payment plans for their outstanding balances. [Read More]
 
  November 8, 2010

 
Editor's Picks
Winners (and Losers) in the Quality Race for Cash
Starting in just 24 months, hospitals falling under the Inpatient Prospective Payment System will automatically see their reimbursements drop by 1% for FY 2013, 1.25% for FY 2014, 1.5% for FY 2015, 1.75% for FY 2016 and 2% for FY 2017 and beyond—it says so quite plainly in section 3001 of the Affordable Care Act, Hospital Value-Based Purchasing Program or VBPP. Senior editor Cheryl Clark looks at how IPPS will affect reimbursements. [Read More]
Financial Implications of Community Benefit
Most hospital and health system leaders are now continually tracking and reporting the value of their facilities to the community. But apart from the legal necessity in some states to keep tax-exempt privileges, doing so also supports a facility's mission and can even extend beyond the tax benefits and help in terms of selling points for a merger or partnership. Learn more about why this is so important to your facility. [Read More]
Breakthroughs Report: Future Healthcare and Collaboration
Explore strategies to accelerate the drive toward more cost-efficient and quality healthcare. In this new HealthLeaders Media Breakthroughs report, leading hospital systems—Virtua, Crouse Hospital, Heartland Health, and The Chester County Hospital—share insights and lessons learned. [Read More]
 
HealthLeaders Media Rounds: Building Accountable Care Organizations
Hospitals and physicians are working hurriedly to build systems of care that reward quality, outcomes, and high-value care—the ingredients of the accountable care organization. Innovative healthcare leaders like Carilion Clinic and Norton Healthcare are getting ready now for the future of healthcare system delivery. Join us on Dec. 9 from Carilion Clinic and share the lessons these leaders have learned. [Register today]
 
Finance Forum
HIPAA Compliance Requires Coding, Processes Update
As the deadline for HIPAA 5010 compliance approaches—requiring migration from ICD-9 to ICD-10—the big question on everyone's mind is: what's the greatest path to compliance and efficiency? For payer organizations, this will result in increased enrollments, claims processing, customer service requirements, and operational challenges.

[Read More]
Sponsored Headlines
Your world, your way: the IBM WebSphere : For a business to stay competitive, it needs to be more productive and respond quicker to business opportunities. Watch this demo to see how IBM® WebSphere® Portal software enables you to connect your users with the right people, applications, and information—to drive business efficiency and success.
 
 
IBM WebSphere Portal for insurance demo : With so many insurance companies to choose from, how can you stand out from the rest? Watch this demo to see how one insurance company did just that. By using IBM® WebSphere® Portal and related Lotus® software, their customers can now learn about products, file claims and much more; while their agents have access to the tools and resources they need.
 
 
IBM WebSphere Portal: Helping to put the patient first : To stay competitive, leading healthcare providers focus more and more on their patients' needs. While many recognize the potential of IT to improve services, many struggle with driving new IT efficiencies. Read this paper to see how IBM® WebSphere® Portal software can help providers by offering a flexible and valuable long-term solution.
 
 
Delivering retail banking solutions with IBM WebSphere Portal : As competition in the retail banking industry intensifies, banks face many challenges—improving employer productivity, increasing customer satisfaction, and generating extra sales opportunities. Read this executive brief to see how IBM® WebSphere® Portal software can help.

Forrester Whitepaper: CMO's Must Connect the Dots of the Online Brand : Digital has been widely embraced by consumers and by many parts of the enterprise. But the adoption of digital channels—Web sites, mobile apps, online sales and customer service, and other smart touches—has often occurred in a piecemeal way. This has resulted in three potential mishaps.
 
 
 
Finance Headlines
Wireless technology could slash healthcare costs
MIT Technology Review, November 8, 2010
Healthcare Job Growth Shows Movement
HealthLeaders Media, November 5, 2010
Jackson Memorial (FL) struggles to find out which services make money
The Miami Herald, November 5, 2010
CMS Paid $112M for Potentially Harmful Drugs, OIG Says
HealthLeaders Media, November 5, 2010
Data Breaches Cost Hospitals $6B Yearly
HealthLeaders Media, November 5, 2010
Regence wants to raise health insurance rates -- again
seattlepi.com, November 4, 2010
Federal HAI Prevention Funding Up for 2010
HealthLeaders Media, November 8, 2010
 
 
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From HealthLeaders Magazine
Your Move:
Hospitals are Predicting, Adapting to Change

 
The business models that will emerge in the era of healthcare reform are still unclear, but leading hospitals and health systems are already positioning themselves to adapt when they do come into focus. They're taking the first steps toward becoming accountable care organizations even before anyone knows for sure what an ACO will look like—or even if they'll ever come to fruition. [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

How HIPAA Data Standards Will Benefit Payers, Providers:Tom Hughes, President and CEO of the Georgia-based Medical Electronic Attachment, Inc. discusses how the HIPAA HL7 and 275 standards will benefit payers and providers. The standards, designed to facilitate the electronic exchange of patient data, are expected to be finalized in the coming months. [Sponsored by Emdeon] [Listen Now]
 
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Webcasts

Jul. 15: A Better Way Than Pay For Call Coverage
Jul. 22: Marketing to Physicians: Increase Sales Success Through Measurement and Tracking
Aug. 3: Geriatrics Service Lines Strategies The Future of Senior Care
Aug. 17: Direct Employment Compensation Models Find the Right Fit for Your Organization
Aug. 19: August 19, 2010: Women's Health Service Line, UNC, Chapel Hill, NC