HealthLeaders Media Finance - December 6, 2010 | Top 6 Financial Game Changers for Hospitals View as a Webpage | Subscribe for Free
Top 6 Financial Game Changers for Hospitals
Karen Minich-Pourshadi, Senior Editor

It's been a challenging year for healthcare executives with fiduciary responsibilities. Legislative reform, rising costs, and ready-to-plummet reimbursements have been recurring story lines. An analysis of the top issues affecting financial leaders reveals a few other game changers as well. [Read More]

  December 6, 2010

 
Editor's Picks
Job Growth Continues for Healthcare Sector
While the nation's unemployment rate has increased to 9.8 percent, hospitals reported 8,000 payroll additions in November and 42,200 payroll additions so far this year. The growth in hospital jobs is nearly double the 21,700 jobs created in the first 11 months of 2009, but is still well off the pace of hospital job growth for most of the decade, data released Friday by the Bureau of Labor Statistics show. [Read More]
Health Insurers Gird for MLR Changes
Health insurers have raised little more than an eyebrow at the new medical loss ratio regulations recently issued by the Department of Health and Human Services. The regulatory body largely formalized the recommendations put forth by the National Association of Insurance Commissioners in October, as directed by the Affordable Care Act. That didn't stop industry lobbyists from politely telling the government what's wrong—and always has been—with the rules. [Read More]
Fed Funding Aids Primary Care Need
Ramin Ahmadi, MD, director of medical education and research at Danbury Hospital in Connecticut, is finding a way to get more primary care physicians into his community. He's following the money. The government's money, that is. [Read More]
Hoping for Repeal is Not a Strategy
An upcoming HealthLeaders Media intelligence report on reform readiness — the level of readiness hospitals and health systems have regarding the new health reform law — is is an eye-opener. There's lots of interesting stuff in it, but on the whole, "one broad conclusion from the survey responses struck me," writes HealthLeaders senior leadership editor, Philip Betbeze: "some of you are pinning your hopes for your organization's long-term well-being on repeal of the Patient Protection and Affordable Care Act." [Read More]
Intelligence Report: Hospital Mergers & Acquisitions
Brand-new research shows that 64% of healthcare leaders expect an increase in M&A activity between acute care hospitals and both diagnostic imaging and ambulatory surgery centers. As the transaction tide continues to rise, the newest HealthLeaders Media Intelligence Report, Hospital Mergers & Acquisitions: Opportunities and Challenges, reveals key insights to help keep you afloat. [Read More]
Webcast: Tactics to Measure Financial ROI for Marketing Efforts
Proving marketing ROI is both critical to do, yet often hard to do. In this economic and competitive environment, the stakes are high?you need to show the efficacy of your marketing dollars through a commitment to measuring your efforts beyond brand awareness. Join HealthLeaders Media on December 13th for this 90-minute Webcast and Q&A to get specific how-to's on demonstrable marketing efficacy with case studies from Chester County Hospital and Fairview Health Services. [Register today]
Finance Forum
Why Geographic Variation in Medicare Spending Matters
Medicare spending per capita varies almost threefold between the lowest and highest spending regions in the nation, research shows. The reasons why are debatable, but the implication for hospitals is clear: the government is taking steps to adjust the Medicare system to account for those variations.
[Read More]
Sponsored Headlines
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.

Openness: The Basis for a Sound Unified Communications Strategy: The vast majority of customer environments are mixed environments. In this IBM® podcast you'll hear how an open approach provides you with choice. So instead of ripping out a perfectly good infrastructure, you can integrate what you've already invested in and create additional business value.

AMA Webcast: The Online Customer Experience—Make it Exceptional: IBM has defined a forward-looking vision for how organizations will turn today's customer experiences into exceptional experiences that drive business results. Join us on September 21 to hear Kristen Lauria, Vice President of Marketing & Channels at IBM, talk about this vision and introduce two innovative clients who are achieving results today by bringing together the right combination of capabilities online.

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.

Finance Headlines
20 People Who Make Healthcare Better
HealthLeaders Media, December 2, 2010
Family Health Plan Premiums 'Increasingly Unaffordable'
HealthLeaders Media, December 6, 2010
RAC-Withdrawn Reviews, Explained
HealthLeaders Media, December 3, 2010
What all those deficit-reduction plans propose for Medicare
The Wall Street Journal, December 6, 2010
Doctors, hospitals to get antitrust advice from U.S.
Bloomberg, December 2, 2010
Healthcare CEOs say stakeholders must learn to 'live with less'
MetroWest Daily News, December 2, 2010
Repeal of Health Law's 'Onerous' Business-Expenses Rule Fails
Bloomberg, December 1, 2010
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From HealthLeaders Magazine
The Physician's Place in the ACO
Development of accountable care organizations may be critical to holding down costs and improving quality. But how will doctors' roles change? [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 MLR Will Impact the Healthcare Industry:Brenda Snow, Executive Vice President of Strategic Planning at Firstsource, a global business process outsourcing provider of revenue cycle management services, discusses how the Medical Loss Ratio will impact the healthcare industry.[Sponsored by Emdeon] [Listen Now]
Sponsor HealthLeaders Media Finance

Contact Paul Mattioli, Sr. Director of Sales, at pmattioli@healthleadersmedia.com or call 800.639.7477.

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
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