On Jan. 9, 2018, CMS released the long-awaited and much-anticipated Bundled Payments for Care Improvement Advanced (BPCI Advanced) initiative. The announcement affirmed the agency’s commitment to alternative payment models (APM) as an integral component of its quest to find innovative and effective ways to manage health care costs.
Efficient, repeatable processes are integral to patient care and health care operations. When done well, patients receive more consistent, quality care, and if an error occurs, it avoids the blame game and becomes an opportunity to improve the process.
Although the end of 2017 was a race to the finish that narrowly avoided a government shutdown and threatened to keep Congress, staffers and lobbyists in D.C. until Christmas day, there are no signs that 2018 will be any less … eventful.
The incidence of drug diversion in the hospital setting – the illegal redirection of regulated medications for personal use or sale – is on the rise. In fact, it is no longer a question of “if” diversion will occur in your facility. It is a question of “when.”
With an eye toward asking questions not yet posed, and looking beyond current events to frame strategic decisions with long-term consequences, annual studies by the Vizient Research Institute® explore macroeconomic issues facing members on a national scale.
Increasingly, growth necessitates a system of care perspective and alignment initiatives that reach across the continuum. But, with whom do you align to achieve near-term growth? How do you quantify the alignment opportunity or risk associated with key partners in your market?
In 2015, 90 people died every day due to an opioid overdose. If you subtract deaths attributed to heroin and synthetic opioids, such as illicitly manufactured fentanyl, the number drops to 42 deaths per day. That is still 42 deaths daily from drugs that were prescribed by a licensed health care professional. How did we get here?
In today’s marketplace, customers increasingly utilize information from other consumers to inform decisions about where to spend their money. With the proliferation of ratings features similar to those of Yelp and Amazon,
As nationally acclaimed heart and lung transplant surgeon and former Senate Majority Leader Bill Frist once said, “Our nation cannot control runaway medical spending without fundamentally changing how physicians are paid.”
With nearly 52,000 additional primary care physicians needed by 2025 to meet health care demand, and today’s mean internal medicine physician salary at $279,8881, the provider access and economic workforce challenges are obvious.
Meeting the needs of the terminally ill and their families represents an immediate and persistent challenge for health care providers. America’s aging population is magnifying the complexity of this challenge.
Socrates once said, “I know that I know nothing,” which may ring true when trying to predict the long-term future of an industry. But in the case of the nursing industry, here’s what we do know…and here’s why you need to know it.
Given the challenge of achieving agreement on any issue in Washington, D.C., especially on topics involving health care, we should pause and celebrate situations where bipartisan behavior may be taking hold.
A few years ago, I ran into an old high school classmate at a Sunday farmer’s market. We were in our mid-50s at the time and he excitedly told me that he was retiring from his teaching job, adding that 30 years was long enough to work and it was time to retire.
Repealing and replacing the Affordable Care Act (ACA) has been a unifying, and politically potent talking point for Republicans on the campaign trail, since the law was passed nearly seven years ago. Beyond the campaign, opposition to the law in Congress by the GOP has been ubiquitous.
Making decisions is what management is all about. The higher an individual rises in an organization, the tougher the decisions get—the stakes are higher, there are fewer obvious choices and it’s likely the team is riven by conflict over which choice to make.
Consider this your public service announcement for the day: VOTE!
Given the current political climate, I would not presume to enter the debate over which of our presidential candidates should be in the White House come 2017; we could certainly discuss that for hours ... or days ... or for the next four years.
Skeptics of outpatient joint replacement, put your seat belt on for a rapid change in perspective. Some may be surprised to learn that from 2012 to 2015 there was a 47 percent increase in elective outpatient hip and knee replacement procedures nationally,
In health care, clinicians have been trained that using safety checklists, watching for changes in vital signs and reviewing fluctuations in labs can catch a problem early or, even better, avoid it completely by taking a proactive approach.
There are at least two risks associated with developing strategies in a turbulent health care marketplace. The first is potential snow blindness – becoming disoriented by the appearance of so much apparent turmoil and losing focus on the horizon.