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Finance

Pay Me or Charge Me: How Best to Engage Me

May 11, 2015 by Joseph Kvedar

patient engagement

We are seriously considering how to incentivize patients to adhere to their care plans. This is a topic area where I have some instincts, but which of these tactics might work best? Charge patients to insure skin in the game? Give them medicine and services for free? Pay them to be adherent?[read more]

Digital Tools to Maximize Your Fundraising Efforts

May 5, 2015 by Michael Sherman

online fundraising

Money is essential in the world of medicine, especially for medical research. While traditional fundraisers, charity dinners and walk-a-thons have always been great tools for generating this much-needed income, health care facilities now have another way of raising funds: the Internet.[read more]

As a Physician Do You Have Adequate Financial Expertise?

April 28, 2015 by Stephen Schimpff

financial expertise / shutterstock

Medical school and residency programs have essentially no time devoted for personal financial education and little if any time for learning the financial implications of starting a medical practice. You are on your own. Your natural mentors – professors, senior residents or senior colleagues in your practice – are probably no better equipped than you.[read more]

Clarifying the ICD-10 Implementation Process

April 27, 2015 by Andy Salmen

CMS recently reported completion of successful end-to-end testing of new ICD-10 coding. This is sure to be a welcome announcement for any healthcare provider who works with Medicare and Medicaid, especially since the October 1st deadline for transitioning from ICD-9 to ICD-10 is rapidly approaching.[read more]

Wallet Burn and the Nasty Side of Pay-per-Click Advertising

April 25, 2015 by Stewart Gandolf, MBA

pay-per-click

On the surface, Pay-per-Click (PPC) advertising—sometimes known as cost-per-click—seems friendly enough. Advertisers only pay for the advertising space when someone clicks on the ad. One analogy, however, says that PPC can be like high-stakes gambling.[read more]

The Keys to a Successful Facebook Ad Campaign

April 22, 2015 by Michael Sherman

When people sign up for Facebook, they provide the world’s biggest social network with a tremendous amount of data about themselves (e.g., interests, jobs and education). Facebook is well aware of that fact – that’s why they are now using that data to their advantage.[read more]

Transparency: How Healthcare Cost Competes with Real Value

April 21, 2015 by Lonnie Hirsch

price transparency

Price transparency cuts in two directions. On one hand, price transparency—and knowing the cost of medical procedures in advance—is a major plus for public awareness. On the other hand, price is not the only consideration for truly wise (and informed) shoppers.[read more]

Addressing Medicare Cuts

April 17, 2015 by Abby Norman

Yesterday, the house made a fascinating bipartisan decision to repeal the current Medicare payment model and implement what they term the “doc fix” for reimbursing physicians for their Medicare/Medicaid patients. But the problems to be solved with the reimbursement process are far more complex than a relatively simple patch could possible rectify.[read more]

Strategies for Payer Negotiation

April 15, 2015 by Abby Norman

When it comes to procuring and maintaining your contracts with payers, there is perhaps no skillset greater to possess than that of the art of payer negotiation. In today’s market, healthcare organizations need to have a very clear understanding of where they stand amid the competition.[read more]

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Strengthening Global Healthcare Systems Through Public-Private Partnerships

April 8, 2015 by Roland Chalons-Browne

Following the recent financial close of the Bilkent Integrated Healthcare Campus in Ankara – Turkey’s third and largest-ever healthcare public-private partnership (PPP) – it seems a good moment to take stock of the role PPPs are playing in today’s healthcare systems. As such, I would like to share some thoughts on this topic.[read more]

From the Health Innovator’s Collaborative: Providing Better Care with Less

April 6, 2015 by Anne Weiler

As someone once said, “I would have written a shorter letter but I didn’t have time.” Stanford Professor Dr. Arnold Milstean started his talk for the Health Innovator’s Collaborative, on “Providing Better Care With Less,” by saying that if he knew his topic better he would only have 4 slides instead of 8.[read more]

Seeing Through the Patient CARE Act: Why Transparency Won’t Fix Our System

March 31, 2015 by Brad Wright

price transparency / shutterstock

The longstanding belief is that if we just give consumers more information about their health care, they will make more rational decisions, there will be increased competition, and the quality of health care will improve as the cost of health care comes down. Here's why I don't think it's that simple.[read more]