HealthLeaders Media Finance - November 29, 2010 | Hospital Data Mining Hits Paydirt View as a Webpage | Subscribe for Free
Hospital Data Mining Hits Paydirt
Karen Minich-Pourshadi, Senior Editor

Predictive analytics, also known as data mining, can overhaul the conventional hospital billing process, and offer administrators a much-sought after link between the clinical and the financial. Bonus: this technology often reveals millions in unnecessary losses. [Read More]
 
  November 29, 2010

 
Editor's Picks
Hoping for Repeal is Not a Strategy
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. You see massive additional government regulation, reduced reimbursements, and pressure on your margin for the foreseeable future. Those are legitimate concerns regarding the law. Perhaps you're hoping the results of the election will mean the next Congress will repeal it, and you won't have to deal with it at all. The law is certainly not in any way perfect, and several of its provisions—mainly the long-term viability of the insurance mandate and the accompanying coverage increases—seem programmed to fail as they are currently written. But it is a law. They're tough to pass and tough to repeal. [Read More]
It's Good to Be in Healthcare
Despite all the ululating about shrinking reimbursements and the impact of federal healthcare reform, and any of a number of financial icebergs out there, let's acknowledge that it's good to be in healthcare. Numerous surveys show that physicians, highly skilled clinicians, and healthcare executives in the United States are the most highly compensated class of workers on the planet. [Read More]
Hospital Execs, Get Strategic About Capital Expenditures
Major capital investments in facilities are often the largest single expense incurred by healthcare providers in any given year. These decisions can have lasting and permanent impact on an institution. Hospital leaders simply cannot get them wrong. [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]
 
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
How to Increase Receivables While Preserving Patient Relationships
Securing patient-pay receivables is getting more difficult by the day, and with bad debt, now around 7%-10% expected to mushroom, successful collection has never been more important to a hospital's bottom line. Here are some expert pointers.

[Read More]
Sponsored Headlines
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.
 
 
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.
 
 
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Save time, money and face—with LotusLive: The right collaboration tools do more than improve productivity and efficiency. Watch this video to see how a management consultancy company used LotusLive™ to improve its services and image to clients—while saving time and money in the process.

LotusLive Engage Demo: Now you can make working together easier than ever. Watch this demo to see how LotusLive™ Engage can help your business store and share documents, build networks and even host web conferences. And how it can also help your business grow by enabling you to react to challenges and opportunities quickly and efficiently.
 
 
 
Finance Headlines
10% of Family Docs Mull Shuttering Over Medicare Cuts
HealthLeaders Media, November 29, 2010
How Medicare sets hospital prices
HealthLeaders Media, November 29, 2010
NJ Hospital due for a $12M infusion
NorthJersey.com, November 29, 2010
3 Insurers ordered to halt Medicare sales
The Wall Street Journal, November 23, 2010
Mass. posts industry payments to health care providers
The Boston Globe, November 23, 2010
N.J. nonprofit hospitals lag U.S.
The Wall Street Journal, November 22, 2010
More hospitals may face closure
Northjersey.com, November 19, 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]
 
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