Clinical Practice Solutions Center

Webinar: Understanding the economic value of faculty in your medical practice

 

In this environment, it is critical for organizations to understand the downstream revenue impact that faculty have on an organization. Join Dr. Brodell and Dr. Pearlman from University of Mississippi Medical Center, the Association of American Medical Colleges (AAMC) and Vizient for a webinar where we will discuss how faculty incites and drives downstream income.

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Improvement Begins with Powerful Analytics and Deep Data

When it comes to medical practice performance improvement, knowing where to start is often the biggest hurdle. The answers come from a solution that provides powerful analytics and deep data, dedicated advisor support and collaborative intelligence.

The Clinical Practice Solutions Center (CPSC) measures, monitors and drives clinical and financial performance based on provider billing activity for outpatient, ambulatory and inpatient settings. To create a healthy practice, organizations need a strategy that will make improvement connections across the continuum.

Join us for a 3-part webinar series where you’ll learn about Medicare payment changes and how to navigate the revenue impact as well as new and changing access points and finally, how practice insights can inform quality.

Webinar recording: The impact of Medicare payment changes on your medical practice

Now, more than ever, it is important to understand how Medicare fee schedule changes are impacting medical practice revenue, as well as productivity. Having access to the right analytics and benchmarks can give you a clearer view of medical practice plan health.

Watch this webinar to learn how the CPSC Medicare Impact Analysis Report can provide work relative value unit (wRVU) data and insights, allowing you to interpret both expected revenue and productivity trends.

Examples are also shared for how institution-specific reporting at both department and specialty levels can help medical practices be nimble during the current pandemic. Hear how CPSC members have used the Medicare Impact Analysis Report as part of their overall strategy and how the right analytics can drive performance improvement, even during these challenging times.

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Learning Objectives

  • Review how the CPSC Medicare Impact Analysis Report provides wRVU data using prior year Centers for Medicare and Medicaid Services (CMS) schedules
  • Demonstrate how this reporting can assist in forecasting practice plan revenue and productivity
  • Learn best practices for using Medicare payment insights to inform practice plan performance improvement

Academic medical centers (AMCs) and health systems across the country are under tremendous economic pressure including flat growth in government funding for residency programs, serving the underinsured, and flat research funding, not to mention the impact of the pandemic.

In this environment, it is critical for organizations to understand the downstream revenue impact that faculty have on an organization.

In this webinar, we will talk through how health systems can improve downstream revenue as organizations also grapple with the need to lower costs.

Learning Objectives

  • Identify possible sources of downstream revenue within medical practices
  • Provide methods and examples for how to calculate this revenue
  • Demonstrate how faculty members pay for themselves in their first year of service

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Improving access to care is a strategic priority for most academic health systems and a challenge for nearly all. To address that challenge, the AAMC and Vizient sought insights from ambulatory care leaders, physicians, and staff in academic medical centers whose organizations’ access performance has been exemplary. The subsequent report presents a framework based on common themes that emerged among those high-performing organizations.

Read the report

The current environment has caused common challenges across all segments within healthcare, regardless of size and location. Today you face the challenge of transforming your medical practice at an unprecedented pace. You need to quickly adapt to a new normal and evolve for long-term success. Join us for an upcoming webinar where we’ll discuss how practice insights can inform quality.

Webinar: Coming soon

 

Podcasts: COVID-19 Impact on Provider Practices

Part 1

Leaders in health care often confront the simple truth, “You can’t fix what you can’t measure.” In this episode, we explore the crucial need for a comprehensive, data-driven practice model and how to provide that across departments and disciplines. A data-driven model enables complex analysis of clinical practices to drive policy, refine best practices and deliver better outcomes for patients.

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Part 2

This episode continues our discussion on the impact of COVID-19 on clinical practices by examining a new framework for health care, with the idea that it must be more adaptable, flexible and reliable than in the past. Practice data should reflect what we need to know about access, quality and even productivity. Finally, we explore the best approach for creating and developing new ideas and practices, one that originates from those involved in the care every day and not imposed from the top down.

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Video: Drive Clinical and Financial Performance and Improve Practice Plan Health

Watch how CPSC is helping organizations like yours compete and face challenges to improve clinical operations, enhance quality and optimize revenue.

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Build a Patient Focused, Data-Driven Organization

Align your clinical practice management strategy with a comprehensive solution that helps transform margins, innovate financial performance and maximize efficiency. The CPSC is the only solution that focuses on the provider practice and physician organization to help build a patient focused, data-driven organization as well as:

  • Enhances management of clinical practice and revenue cycle performance
  • Provides academic and community benchmarking at the department, specialty, provider level and key analytic methodologies
  • Delivers productivity data for insights into department, specialty and provider performance
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The AAMC and Vizient Data Snapshot Ambulatory Access Measures: New Patient Percentage

This Data Snapshot provides an overview of the variation of new patient percentage across CPSC member organizations. Variations in this metric can impact both access and economics for ambulatory practices. This snapshot can be used as a tool when evaluating your organizational data and considering improvement strategies.

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Connect with us at ClinicalAnalytics@Vizientinc.com to learn how we can help drive your health care improvement opportunities, or visit the Clinical Practice Solutions Center.