Will Your Skills Pave The Road to Your Future?

Size: px
Start display at page:

Download "Will Your Skills Pave The Road to Your Future?"

Transcription

1 Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? January 27, 2014 Chicago, Illinois

2 Table of Contents Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? Introduction Current Industry Trends Strategies for an HIT Professional Bibliography Contact Reproduction of this presentation in part or in its entirety is prohibited without express written consent from The Kiran Consortium Group, LLC. Copyright All rights reserved. 2

3 Introduction 3

4 Introduction Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? Change is ever present for Healthcare Information Technology professionals! Mergers and acquisitions of Healthcare Organizations continue Financial pressures on employers are significant High unemployment creates a major pool of IT and HIT professionals available to employers Employees constitute one of the largest expenses for any employer 4

5 Introduction Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? While you may be a life-long Healthcare Information Technology (HIT) professional or whether you have transitioned to the Healthcare Information Technology, it is important to Track broader Healthcare industry changes and trends, Watch for organizational changes at your employer, Monitor trends in HIT, Survey your skills with some frequency and determine their on-going, industry relevance, Maintain and grow a professional network, and Continue to learn and grow professionally. 5

6 Introduction Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? Presentation Goals: What is not included in this presentation: 1) There is no commercial endorsement of a third party entity that may either recruit or contract with HIT professionals. 2) Any example does not constitute in a specific endorsement but rather a guide for options that the audience might investigate. Understand the current industry trends that may potentially impact your career Identify variety of opportunities available for Healthcare Information Technology (HIT) professionals Be proactive as you plan for your future 6

7 Current Trends 2013 The Kiran Consortium Group, LLC 7

8 Current Industry Trends Industry trends may impact, influence, support, advance and/or mold your career path and job choices. The section focuses on current, select industry trends that are found in today s professional landscape. Much like the seasons, skills and career goals may ebb and flow. External impacts may challenge the best professional preparation and/or career goals. 8

9 Current Industry Trends Healthcare Industry: Chief Executive Officer Perspective 2013 Survey Conducted by American College of Healthcare Executives (Survey Repondants: 388 community hospital CEOs) (1, 2) 1. Financial Challenges 2. Healthcare Reform Implementation 3. Governmental Mandates 4. Patient Safety and Quality 5. Care for the Uninsured 6. Patient Satisfaction 7. Physician-Hospital Relations 8. Population Health Management 9. Technology 10. Personnel Shortages 11. Creating an Accountable Care Organization For 10 years, Financial Challenges have remained in the #1 survey spot 2012: Government Mandates took the #4 survey spot 2012: Patient Safety and Quality took the #3 survey spot 9

10 Current Industry Trends Healthcare Industry: Chief Executive Officer Perspective 2013 Survey Conducted by American College of Healthcare Executives (Survey Repondants: 388 community hospital CEOs) (2) # 1 Financial Challenges 1. Government funding cuts 2. Medicaid reimbursement (including adequacy and timeliness) 3. Medicare reimbursement (including adequacy and timeliness) 4. Bad debt 5. Decreasing inpatient volume Note: Information in Red: Potential impacts to all Healthcare professionals. # 2 Healthcare Reform Implementation 1. Reduce operating costs 2. Alignment of provider and payer incentives 3. Shift to value-based purchasing 4. Align with physicians more closely 5. Regulatory/legislative uncertainty affecting strategic planning # 3 Governmental Mandates 1. CMS audits (RAC, MAC, CERT) 2. ICD-10 implementation 3. CMS regulations 4. State regulations 5. Increased government scrutiny 10

11 Current Industry Trends Healthcare Industry: Hospital Executives Survey by Premier, Inc.: (3) o Paying particular attention to population health management... Per Cent Per Cent Hospitals Participating in an Accountable Care Organization (ACO) o ACOs face a variety of technology challenges (i.e. electronic health record (EHR) adoption, clinical systems interoperability and patient engagement but data analytics is the arguably the biggest obstacle of all. 11

12 Current Industry Trends Healthcare Industry: Chief Information Officers, Health Systems Key Challenges (4a) o Cost and Resources o Governance o People Increased talent and IT capacity requirements to structure and manage data, synthesize it as useful information, and support decision-making at every level of the organization (4b) o Providers and Consolidation o Technology New Normal for HIT Professionals: (4c) Teams with actuaries, health economists, clinicians, allied health professionals, web designers, social network specialists, and informaticists as clinical and administrative data is amassed, structured, stored, and used internally across the organization s care continuum and externally with key stakeholders consumers, patients, health insurers, employers, supply chain partners, employers, regulators, and public health agencies. 12

13 Current Industry Trends Healthcare Industry: Health Technology Trends September 29-October 2, 2013 (5) o Data Mobility (i.e. apps, devices and networks) o Trackers and Sensors (i.e. connected scales, blood pressure monitors, sleep trackers, fitness watches etc.) o Usability and Design (i.e. electronic medical records) 13

14 Current Industry Trends Healthcare Industry: Self-Care, Medical Devices (6) o Report: Transparency Market Research Expected Growth - $16.8 billion by 2019 Current, key market vendors: 3M Healthcare, Abbott Laboratories, GE Healthcare, Medtronic, Inc., Johnson and Johnson, and Philips Healthcare. North America market = 40 % (largest share of the self-care medical devices market ) Why? Resulting from rising incidence of cardiovascular and respiratory devices o Report: Consumer Electronics Association Prediction: more than 142 % increase in Personal Health and Wellness product sales, software and services over next 5 years, reaching $8 billion in revenue by

15 Current Industry Trends Healthcare Industry: Health Insurers 2014 Trends (7) 1. Restructuring of Plans 2. Medicaid Expansion 3. New Member Analysis 4. Mobile Apps / Technology Aetna Examples: Mobile Apps / Technology (7) improve healthcare quality and control costs through high-tech products like mobile apps..tech tools to create more than $1.5 billion in revenues this year. Cigna and Kaiser Permanente use technology to engage consumers by offering mobile apps for Android and iphones, online payment estimators and multiple social network accounts. With the influx of new members insurers stand to enroll through exchanges, mobile apps and other tech offerings stand to help insurers lower their costs while keeping the industry fresh and competitive. 15

16 Current Industry Trends Healthcare Industry: Global Health Information Technology Trends (8) o Healthcare Analytics: market value $4.43 B in 2013; to increase to $21.3 B by 2020 o mhealth: market value $6.6 B; to increase to $20.7 B by 2018 o Healthcare IT Outsourcing: growth to $50.4 B by 2018 (as of 2013, $35 B) o Hospital-based Electronic Medical Records: growth at a compound annual growth rate of 7.46 percent through 2016 o Telemedicine: growth at a CAGR of 18.9 % through 2016, resulting from increased use of remote patient monitoring technologies o Medical Device Connectivity: growth expected to reach $33.5 B by 2017; growth at a CAGR of 37.8 % o U.S. Health IT Market: growth expected to hit $22.6 B by

17 Current Industry Trends Healthcare Industry: Global Healthcare Analytics (9) Current Market Value = $4.4B By 2020, Global Healthcare Analytics Market Will Approach $20B Drivers for Growth: o Federal Mandates o Technological Advances o Increased Healthcare IT Adoption o Venture Capital Investments Challenges to Projected Growth: Data Security Issues Cultural Barriers to IT Adoption Lack of Skilled Workers in the Analytics Field 17

18 Current Industry Trends Healthcare Industry: Healthcare Industry at Large What might we see in 2014? (Select Sampling of Healthcare Industry Areas Projected to Be Impacted) (10) Providers will continue to confront cost containment and consolidation, new information technology challenges and the need to constantly redesign care processes to improve quality. Information Technology: Meaningful Use 2 and ICD-10 Not-for-Profit Providers: enter 2014 with continued pressure on revenue growth and operating margins. Not all will get through the year without a hit to their finances or the need for a partner Public Hospitals: they struggle to survive amid declining reimbursements [i.e. Medicaid] and the financial penalties attached to the quality-improvement initiatives in the healthcare reform law 18

19 Current Industry Trends Healthcare Industry: National Jobs Report - Healthcare Job Market for U.S. Healthcare (not specific to HIT) (11) o Current trends impacting healthcare hiring: Tighter margins, industry consolidation, and uncertainty surrounding healthcare reform o "Everyone is afraid of what will happen and is too scared to hire," says one healthcare economist. o Conflicting perspectives about healthcare job growth. o 10 Year Historic View: excellent job growth market, especially for candidates with advanced degrees and specialties o Bureau of Labor Statistics: healthcare sector providing robust job growth $2.8 T healthcare sector created more than 2.7 million jobs (most jobs in ambulatory services) 19

20 Strategies for an HIT Professional 20

21 Strategies for an HIT Professional There is no single, guaranteed path for HIT professionals to advance their careers. What do we know today? o Change and complexity in the industry will continue for some period of time o Hard skills as well as Soft skills matter o Clinics, Physician Practices, Hospitals, and Health Systems are not the only healthcare organizations that can benefit from your skills and experience 21

22 Strategies for an HIT Professional What are the options for HIT positions across the industry? 22

23 Strategies for an HIT Professional Where are the HIT positions across the industry? The previous graphic illustrates that there are varied and interesting paths that an HIT professional might pursue. Assess your ability to assume informed risks when pursuing a new opportunity Find a professional that can share their professional insights Your geography may directly impact the availability and type of opportunities that may be available The market will continue to change and require new skills watch for trends since change presents itself more quickly than ever! 23

24 Strategies for an HIT Professional Career growth and advancement may result from two types of paths: The Classic Ladder The Matrix Career 24

25 Strategies for an HIT Professional Strategies to Guide and Plan Your Career Assess Career Approach (e.g. linear, matrix, industry sector, etc.) Identify Professional Education Requirements (e.g. Certifications, degrees, advanced degrees, etc.) Nurture a Professional Networking Keep Learning and Growing Your Knowledge and Skills Develop Soft Skills to Enhance Hard Skills Monitor Various Industry Trends Regional and/or National Employment Opportunities Healthcare IT Market Healthcare Market (Industry View) Note: This list represents our perspective based on research and industry experience. 25

26 Strategies for an HIT Professional There is no time like the present to assess your career and plan a path that best suits your goals. Be resilient since the HIT industry will continue to evolve. Find a mentor and learn. Be open to opportunities that may not be typical. Continue to refine your knowledge and skills. 26

27 Bibliography 2013 The Kiran Consortium Group, LLC 27

28 Bibliography Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? Introduction No References Current Industry Trends Page 9: (1) Commins, John. Financial Challenges Top Healthcare CEO Concerns, HealthLeaders Media, January 14, (2) Gamble, Molly. 11 Most Concerning Issues for Hospital CEOs, Becker s Hospital Review, January 13, Page 10: (2) Gamble, Molly. 11 Most Concerning Issues for Hospital CEOs, Becker s Hospital Review, January 13, Page 11: (3) Eastwood, Brian. Healthcare Needs Data Analytics for the ACO Model to Succeed, CIO, January 13, Page 12: (4) Deloitte Harry Greenspun, MD Paul H. Keckley, PhD Sheryl Coughlin, PhD, MHA. Health System Chief Information Officers:Juggling responsibilities, managing expectations, building the future, White Paper, February 12, UnitedStates/Local%20Assets/Documents/us_chs_HealthSystemChiefInformationOfficers_ pdf Information from White Paper found on this slide: (4a) p.7, (4b) p.1, and (4c) p.9. Page 13: (5) Chan, MD, MBA, Steven. Trends in healthcare information technology, why it matters to doctors, imedicalapps, October 28, Page 14: (6) Gold, Ashley. Self-care med devices market to hit $16.8 billion by 2019, FierceHealthcareIT, January 9, The Kiran Consortium Group, LLC 28

29 Healthcare Information Technology and You: Will Your Skills Pave The Road to Your Future? Current Industry Trends (continued) Page 15: (7) Overland, Dina Preview: What's in store for health insurers, Fierce Health Payer, January 7, Page 16: (8) Gregg, Helen. 7 Health IT Market Predictions, Becker s Hospital Review, December 18, Page 17: (9) Bowman, Dan. Healthcare analytics market poised to skyrocket, FierceHealthIT, December 18, Page 18: Bibliography (10) Evans, Melanie and Meyer, Harris. Outlook 2014: The year ahead in healthcare business, Modern Healthcare, posted on January 4, Page 19: (11) Commins, John. Healthcare Jobs Report Creates Clashing Narratives, HealthLeaders Media, January 13, The Kiran Consortium Group, LLC 29

30 Contact Information Lucy Mancini Newell, MBA, FHIMSS Managing Partner Cell Phone: Corporate Phone No: Web Site: Other Thought Leadership Materials Are Found On Our Web Site. Address: 2013 The Kiran Consortium Group, LLC 30

Produced by the Deloitte Center for Health Solutions. Issue Brief: Physician perspectives about health information technology

Produced by the Deloitte Center for Health Solutions. Issue Brief: Physician perspectives about health information technology Produced by the Deloitte Center for Health Solutions Issue Brief: Physician perspectives about health information technology 2 Foreword The national debate around health care reform and the quest for a

More information

Early Lessons learned from strong revenue cycle performers

Early Lessons learned from strong revenue cycle performers Healthcare Informatics June 2012 Accountable Care Organizations Early Lessons learned from strong revenue cycle performers Healthcare Informatics Accountable Care Organizations Early Lessons learned from

More information

Healthcare Trends 2014: Pressure Rises and Delivery Organizations Respond

Healthcare Trends 2014: Pressure Rises and Delivery Organizations Respond Healthcare Trends 2014: Pressure Rises and Delivery Organizations Respond A Market Point-of-View September 2014 Impact Advisors LLC 400 E. Diehl Rd. Suite 190 Naperville IL 60563 1-800-680-7570 Impact-Advisors.com

More information

Enterprise Analytics Strategic Planning

Enterprise Analytics Strategic Planning Enterprise Analytics Strategic Planning June 5, 2013 1 "The first question a data driven organization needs to ask itself is not "what do we think?" but rather "what do we know? Big Data: The Management

More information

Breaking the Code to Interoperability

Breaking the Code to Interoperability 01 03 02 04 Breaking the Code to Interoperability Clearing the path to a true healthcare system 05 Executive Summary: To say that world-class healthcare and state-of-the-art technology don t automatically

More information

HEALTHCARE REFORM CARE DELIVERY AND REIMBURSEMENT MODELS. April 10, 2014

HEALTHCARE REFORM CARE DELIVERY AND REIMBURSEMENT MODELS. April 10, 2014 HEALTHCARE REFORM CARE DELIVERY AND REIMBURSEMENT MODELS April 10, 2014 1 MARKETPLACE UPDATE 2 MARKETPLACE - ESSENTIAL HEALTH BENEFITS 3 MARKETPLACE - METAL LEVELS 4 WHAT IS THE HEALTH INSURANCE MARKETPLACE

More information

Analytic-Driven Quality Keys Success in Risk-Based Contracts. Ross Gustafson, Vice President Allina Performance Resources, Health Catalyst

Analytic-Driven Quality Keys Success in Risk-Based Contracts. Ross Gustafson, Vice President Allina Performance Resources, Health Catalyst Analytic-Driven Quality Keys Success in Risk-Based Contracts March 2 nd, 2016 Ross Gustafson, Vice President Allina Performance Resources, Health Catalyst Brian Rice, Vice President Network/ACO Integration,

More information

Laboratory Services in Accountable Care Organizations

Laboratory Services in Accountable Care Organizations Laboratory Services in Accountable Care Organizations Laboratory Services in Accountable Care Organizations Published by: G2 Intelligence PO Box 509 New London, CT 06320 Customer Service: 888-729-2315

More information

Physician Enterprise The Importance of Charge Capture, Business Intelligence and Being a Data Driven Organization

Physician Enterprise The Importance of Charge Capture, Business Intelligence and Being a Data Driven Organization Physician Enterprise The Importance of Charge Capture, Business Intelligence and Being a Data Driven Organization Executive Summary Physician-hospital alignment is a key strategy for most hospitals across

More information

CPR-PBGH Toolkit for Purchasers on Accountable Care Organizations. June 26, 2014

CPR-PBGH Toolkit for Purchasers on Accountable Care Organizations. June 26, 2014 CPR-PBGH Toolkit for Purchasers on Accountable Care Organizations June 26, 2014 Overview Introductions The Current ACO Landscape ACO Options Available to Employers Today Features of the Ideal ACO CPR-PBGH

More information

Understanding and preparing for the impact of the Affordable Care Act

Understanding and preparing for the impact of the Affordable Care Act Understanding and preparing for the impact of the Affordable Care Act Care Management / P. 1 The Affordable Care Act is expected to impact access to care, change the way accountable care organizations

More information

6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series

6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series 6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series The healthcare industry is undergoing significant change in the face of the

More information

U.S. HEALTHCARE REFORM

U.S. HEALTHCARE REFORM U.S. HEALTHCARE REFORM It s Impact on the Future Talent & Recruiting Needs of Healthcare Providers September 18, 2012 1 PANEL DISCUSSION FACILITATOR Carl Kutsmode Partner at talentrise Talent Acquisition

More information

Strategic Interoperability:

Strategic Interoperability: The Clinical and Business Imperative for Healthcare Organizations Featuring the results of the HIMSS Analytics Interoperability Study Interoperability1 the ability of health information systems to exchange,

More information

Viewpoints from Leading Healthcare Chief Information Officers

Viewpoints from Leading Healthcare Chief Information Officers Viewpoints from Leading Healthcare Chief Information Officers Facts, Priorities, Salaries and Advice to Future CIOs April 2009 4 CityPlace Drive Suite 300 Saint Louis, Missouri 63141 800-209-8143 Fax 314-726-0026

More information

US Hospital Information Systems Overview and Outlook, 2013 2020 Managing Information in an Era of Reform

US Hospital Information Systems Overview and Outlook, 2013 2020 Managing Information in an Era of Reform US Hospital Information Systems Overview and Outlook, 2013 2020 Managing Information in an Era of Reform December 2014 Contents Section Slide Number Executive Summary 11 Market Background 19 The EHR Landscape

More information

6 Critical Impact Factors of Health Reform on Revenue Cycle Management

6 Critical Impact Factors of Health Reform on Revenue Cycle Management 6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series The healthcare industry is undergoing significant change in the face of the

More information

6 Critical Impact Factors of Health Reform on Revenue Cycle Management

6 Critical Impact Factors of Health Reform on Revenue Cycle Management 6 Critical Impact Factors of Health Reform on Revenue Cycle Management Pyramid Healthcare Solutions Thought Leadership Series The healthcare industry is undergoing significant change in the face of the

More information

THE FUTURE OF QUALITY HEALTHCARE: ACO S?????

THE FUTURE OF QUALITY HEALTHCARE: ACO S????? THE FUTURE OF QUALITY HEALTHCARE: ACO S????? ARKANSAS LEADERSHIP FORUM Lance W. Keilers, MBA, CAPPM September 15, 2015 Learning Objectives Recognize current changes in rural hospital delivery systems Identify

More information

Considering Meaningful Use Participation when Acquiring a Hospital or Professional Practice

Considering Meaningful Use Participation when Acquiring a Hospital or Professional Practice WHITE PAPER Considering Meaningful Use Participation when Acquiring a Hospital or Professional Practice An Encore Point of View By Paul Murphy, MBA & Amy Thorpe MBA, PMP, FHIMSS February 2015 AN ENCORE

More information

ICD-10 and Computer-Assisted Coding: Using the 2013 Mandate as an Opportunity for Business Process Enhancements and Cost Savings Today

ICD-10 and Computer-Assisted Coding: Using the 2013 Mandate as an Opportunity for Business Process Enhancements and Cost Savings Today M*Modal White Paper ICD-10 and Computer-Assisted Coding: Using the 2013 Mandate as an Opportunity for Business Process Enhancements and Cost Savings Today M*Modal delivers innovative solutions that capture

More information

Helping You Achieve Better Clinical and Financial Health

Helping You Achieve Better Clinical and Financial Health McKesson Business Performance Services Accountable Care Services Helping You Achieve Better Clinical and Financial Health 1 We recognized that fee-for-service would decrease and value-based care would

More information

33rd Annual J.P. Morgan Healthcare Conference

33rd Annual J.P. Morgan Healthcare Conference 33rd Annual J.P. Morgan Healthcare Conference January 12, 2015 Disclosures / Forward-looking Statements This presentation includes forward-looking statements. Such forward-looking statements are based

More information

Embracing Accountable Care: 10 Key Steps

Embracing Accountable Care: 10 Key Steps Embracing Accountable Care: 10 Key Steps Sivakumar Nandiwada and Vijay Sylvestine Abstract For quite some time now, the U.S. healthcare market has been grappling with issues of spiraling costs and disparities

More information

The HITECH Act: A Grand Experiment In HIT Implementation and Sustainability. Kim Dunn, MD, Ph.D.

The HITECH Act: A Grand Experiment In HIT Implementation and Sustainability. Kim Dunn, MD, Ph.D. The HITECH Act: A Grand Experiment In HIT Implementation and Sustainability August 11, 2011 Kim Dunn, MD, Ph.D. Agenda Historical Context for Reform Overview of ARRA Funded Programs Implications for Texas

More information

BRAVE NEW WORLD: OVERCOMING NEW HEALTHCARE CHALLENGES WITH TOP IT TALENT

BRAVE NEW WORLD: OVERCOMING NEW HEALTHCARE CHALLENGES WITH TOP IT TALENT HEALTHCARE CHALLENGES WITH TOP IT TALENT Massive change is on the horizon for your healthcare organization in fact, it has probably already started. For years, industry organizations have departmentalized

More information

Premier ACO Collaboratives Driving to a Patient-Centered Health System

Premier ACO Collaboratives Driving to a Patient-Centered Health System Premier ACO Collaboratives Driving to a Patient-Centered Health System As a nation we all must work to rein in spiraling U.S. healthcare costs, expand access, promote wellness and improve the consistency

More information

Healthcare Information Technology (HIT)

Healthcare Information Technology (HIT) Healthcare Information Technology (HIT) Why State Governments Must Help Create a National Health Information Network Ian C. Bonnet Deloitte Consulting LLP October, 2005 State Leadership in developing a

More information

Managing director, Outlook Senior manager, supply chain strategy Premier, Inc.

Managing director, Outlook Senior manager, supply chain strategy Premier, Inc. Care Coordination and the Supply Chain October 21, 2015 Kayla Sutton, MPH Managing director, Outlook Senior manager, supply chain strategy Premier, Inc. Premier s Outlook publication series Published semiannually,

More information

Associate Chief Financial Officer Commonwealth Care Alliance Boston, MA

Associate Chief Financial Officer Commonwealth Care Alliance Boston, MA Associate Chief Financial Officer Commonwealth Care Alliance Boston, MA Position Specification July 2014 The Summary Commonwealth Care Alliance is seeking an Associate Chief Financial Officer (ACFO) for

More information

Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey

Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey January 2012 Change is happening: Is your workforce ready? Many power and utilities companies are not, according to a recent PwC survey At a glance Our utilities-industry survey shows that many companies

More information

QSI Analyst Day May 2013

QSI Analyst Day May 2013 QSI Analyst Day May 2013 Opening and Overview Steve Plochocki Chief Executive Officer Company Restructuring Dan Morefield Chief Operating Officer Restructuring for Growth & Profitability Restructuring

More information

Today and Tomorrow. Copyright 2011 Allscripts Healthcare Solutions, Inc.

Today and Tomorrow. Copyright 2011 Allscripts Healthcare Solutions, Inc. Market Today and Tomorrow Copyright 2011 Allscripts Healthcare Solutions, Inc. Markets Evolve We Must Evolve PM Business Systems EHR Clinical Systems What s Next? Connectivity Analytics No one Care Coordination

More information

Next Generation EHRs: How To Meet The Demands Of Your Market With Transformational Technology

Next Generation EHRs: How To Meet The Demands Of Your Market With Transformational Technology Next Generation EHRs: How To Meet The Demands Of Your Market With Transformational Technology A White Paper By OPEN MINDS & Core Solutions Published July 2015 Executive Summary With the shifting financing

More information

Proven Innovations in Primary Care Practice

Proven Innovations in Primary Care Practice Proven Innovations in Primary Care Practice October 14, 2014 The opinions expressed are those of the presenter and do not necessarily state or reflect the views of SHSMD or the AHA. 2014 Society for Healthcare

More information

206-478-8227 www.healthdataconsulting.com. ICD-10 Now What? Joseph C Nichols MD Principal. A Health Data Consulting White Paper

206-478-8227 www.healthdataconsulting.com. ICD-10 Now What? Joseph C Nichols MD Principal. A Health Data Consulting White Paper 206-478-8227 www.healthdataconsulting.com ICD-10 Now What? Joseph C Nichols MD Principal A Health Data Consulting White Paper Oct 1, 2015 TABLE OF CONTENTS IT S NOW THE STANDARD... 3 CHARTING A COURSE

More information

Quality Accountable Care Population Health: The Journey Continues

Quality Accountable Care Population Health: The Journey Continues Quality Accountable Care Population Health: The Journey Continues Health Insights April 10, 2014 Doug Hastings 2001 Institute of Medicine 2 An Agenda For Crossing The Chasm Between the health care we have

More information

Enhancing Physician Productivity in Physician Group Model

Enhancing Physician Productivity in Physician Group Model Physicians McKesson Business Performance Services Enhancing Physician Productivity in Physician Group Model A report by Keith Chew, CMPE, Senior Consultant The physician group model is undergoing radical

More information

Health Care Reform and Its Impact on Nursing Practice

Health Care Reform and Its Impact on Nursing Practice Health Care Reform and Its Impact on Nursing Practice UNAC-UHCP Convention Las Vegas, NV November 9, 2010 Katherine Cox AFSCME International What Have Your Heard? What Do You Think? How do you think the

More information

LARGE SCALE NETWORKS NEXT WAVE OF CLINICAL INTEGRATION

LARGE SCALE NETWORKS NEXT WAVE OF CLINICAL INTEGRATION CENTER FOR INDUSTRY TRANSFORMATION MAY 2015 LARGE SCALE NETWORKS NEXT WAVE OF CLINICAL INTEGRATION Authors Michael Strilesky Principal, DHG Healthcare michael.strilesky@dhgllp.com DHG HEALTHCARE CENTER

More information

AMN Healthcare Investor Presentation

AMN Healthcare Investor Presentation AMN Healthcare Investor Presentation Q2 2015 The Innovator in Healthcare Workforce Solutions and Staffing Services Forward-Looking Statements This investor presentation contains forward-looking statements

More information

Session 4: Understanding Data Behind the Complex New World of Health Care Involving IDNs and ACOs. Laura Jenkins Jirele

Session 4: Understanding Data Behind the Complex New World of Health Care Involving IDNs and ACOs. Laura Jenkins Jirele Session 4: Understanding Data Behind the Complex New World of Health Care Involving IDNs and ACOs Laura Jenkins Jirele PMSA Virtual University PMSA Virtual University is conducting this four part webinar

More information

Addressing HIT Worker Shortages Through Operational Excellence in Workforce Planning

Addressing HIT Worker Shortages Through Operational Excellence in Workforce Planning Addressing HIT Worker Shortages Through Operational Excellence in Workforce Planning Allen Kriete Vice President, Healthcare Services; TEKsystems Sanja Licina Senior Director, Talent Intelligence and Consulting;

More information

HealthTECH Workforce Forum Presents: Electronic Health Records Adoption: Driving to 2015 and Beyond

HealthTECH Workforce Forum Presents: Electronic Health Records Adoption: Driving to 2015 and Beyond HealthTECH Workforce Forum Presents: Electronic Health Records Adoption: Driving to 2015 and Beyond May 19 th, 2011 EHR Implementation Panel Moderator: Paula J. Magnanti, MT(ASCP) Founder & Managing Principal

More information

Population-based health care: can you get there from here?

Population-based health care: can you get there from here? Population-based health care: can you get there from here? by David Howe SORH Contracted Rural Writer Hospitals and insurance companies are acquiring other hospitals and insurance companies. Other hospitals

More information

The Rising Tide of Pharmacy Benefit Cost and Complexity: A health plans roadmap to optimizing pharmacy services relationships

The Rising Tide of Pharmacy Benefit Cost and Complexity: A health plans roadmap to optimizing pharmacy services relationships The Rising Tide of Pharmacy Benefit Cost and Complexity: A health plans roadmap to optimizing pharmacy services relationships New pharmacy benefit challenges After several years of manageable pharmacy

More information

CMS Physician Quality Reporting Programs Strategic Vision

CMS Physician Quality Reporting Programs Strategic Vision CMS Physician Quality Reporting Programs Strategic Vision FINAL DRAFT March 2015 1 EXECUTIVE SUMMARY As the largest payer of healthcare services in the United States, the Centers for Medicare & Medicaid

More information

The Business Case for Using Big Data in Healthcare

The Business Case for Using Big Data in Healthcare SAP Thought Leadership Paper Healthcare and Big Data The Business Case for Using Big Data in Healthcare Exploring How Big Data and Analytics Can Help You Achieve Quality, Value-Based Care Table of Contents

More information

ENGAGING 2014 HEALTH CARE SUPPLY CHAIN TOP TRENDS. Drivers of Health Care Supply Chain Trends I.ORGANIZATIONAL STRATEGY

ENGAGING 2014 HEALTH CARE SUPPLY CHAIN TOP TRENDS. Drivers of Health Care Supply Chain Trends I.ORGANIZATIONAL STRATEGY ENGAGING 2014 HEALTH CARE SUPPLY CHAIN TOP TRENDS Drivers of Health Care Supply Chain Trends I.ORGANIZATIONAL STRATEGY IV. INFORMATION TECHNOLOGY & DATA HEALTH CARE SUPPLY CHAIN TRENDS II.COLLABORATION

More information

OPEN MINDS 2012 Planning & Innovation Institute

OPEN MINDS 2012 Planning & Innovation Institute Panel: Trish Cavestany, MSN, RN, CCM Director, Clinical Products and Services, Robert Bosch Healthcare Systems Steve Daviss, MD Chair, Dept Psychiatry, Baltimore Washington Medical Center Chair, Committee

More information

Get Plugged in: Defining Your Connectivity Strategy. CHIME College Live 17 April 2013

Get Plugged in: Defining Your Connectivity Strategy. CHIME College Live 17 April 2013 Get Plugged in: Defining Your Connectivity Strategy CHIME College Live 17 April 2013 Topics Introductions Drivers Strategies Imperatives Discussion Page 2 Copyright Kurt Salmon 2013 All Rights Reserved

More information

Federal Health Care Reform: Implications for Hospital and Physician partnerships. Walter Kopp Medical Management Services

Federal Health Care Reform: Implications for Hospital and Physician partnerships. Walter Kopp Medical Management Services Federal Health Care Reform: Implications for Hospital and Physician partnerships Walter Kopp Medical Management Services Outline Overview of federal health reform legislation Implications for Care delivery

More information

REVENUE CYCLE MANAGEMENT : A DEEPER DIVE

REVENUE CYCLE MANAGEMENT : A DEEPER DIVE REVENUE CYCLE MANAGEMENT : A DEEPER DIVE 2016 TABLE OF CONTENTS Introduction The Participants Revenue Cycle Steering Committee Personnel Accounting Platform Service Outsourcing Performance Metrics Accounts

More information

Physician Leaders Feel the Economic Pinch

Physician Leaders Feel the Economic Pinch Physician Leaders Feel the Economic Pinch growth slows for top execs, but career pathways open By Deedra Hartung In this article Learn how trends as reported in the eighth biennial edition of the Cejka

More information

WHITEPAPER 6 EHR TRENDS to Watch in

WHITEPAPER 6 EHR TRENDS to Watch in WHITEPAPER 6 EHR TRENDS to Watch in 2015 INTRODUCTION Since the passage of the HITECH Act in 2009, the healthcare industry has undergone rapid changes in technology. The adoption of electronic health records

More information

HIMSS Public Policy Initiatives in 2015: Using Health IT to Enable Healthcare Transformation Jeff Coughlin Senior Director Federal & State Affairs

HIMSS Public Policy Initiatives in 2015: Using Health IT to Enable Healthcare Transformation Jeff Coughlin Senior Director Federal & State Affairs HIMSS Public Policy Initiatives in 2015: Using Health IT to Enable Healthcare Transformation Jeff Coughlin Senior Director Federal & State Affairs March 26, 2015 Agenda Meaningful Use Stage 3 NPRM 2015

More information

October 18, 2013. Articulating the Value Proposition of Innovative Medical Technologies in the Healthcare Reform Landscape

October 18, 2013. Articulating the Value Proposition of Innovative Medical Technologies in the Healthcare Reform Landscape October 18, 2013 Articulating the Value Proposition of Innovative Medical Technologies in the Healthcare Reform Landscape Outline The Changing Landscape Evolving Care Delivery and Incentive Models Provider

More information

The Pediatric ACO: When Things Go Bump in the Night

The Pediatric ACO: When Things Go Bump in the Night The Pediatric ACO: When Things Go Bump in the Night Angelo P. Giardino, MD, PhD Chief Medical Officer Texas Children s Health Plan, Houston Chief Quality Officer for Medicine Texas Children s Hospital

More information

HIPAA regulation: The challenge of integrating compliance and patient care

HIPAA regulation: The challenge of integrating compliance and patient care HIPAA regulation: The challenge of integrating compliance and patient care January 2016 Contents Introduction 3 HIPAA s technology neutral structure 3 creates opportunity and challenge Compliance can pave

More information

2015 health care providers outlook United States

2015 health care providers outlook United States 2015 health care providers outlook United States The United States spends more on health care than any other country in the world, at an estimated 17.7 percent of Gross Domestic Product (GDP) in 2013.

More information

reinventing health insurance brings challenges for hospitals

reinventing health insurance brings challenges for hospitals reinventing health insurance brings challenges for hospitals 1 3 Introduction 4 01 / Containing costs while increasing access and quality 5 02 / Coordinating patient care 6 03 / Boosting training and development

More information

Value-based care is about delivering the best outcomes at the lowest cost

Value-based care is about delivering the best outcomes at the lowest cost Hospital Solutions White Paper Series In cooperation with: October 2015 Hospital 100 Leadership & Strategy Conference October 19 to 21 Ritz-Carlton Key Biscayne, FL CLICK HERE TO LEARN MORE or visit the

More information

The Impact of Accountable Care Organizations on the Healthcare Industry. Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services

The Impact of Accountable Care Organizations on the Healthcare Industry. Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services The Impact of Accountable Care Organizations on the Healthcare Industry Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services Agenda The Case for Change A New Idea, The ACO Characteristics

More information

The 4 Pillars of Clinical Integration: A Flexible Model for Hospital- Physician Collaboration

The 4 Pillars of Clinical Integration: A Flexible Model for Hospital- Physician Collaboration The 4 Pillars of Clinical Integration: A Flexible Model for Hospital- Physician Collaboration Written by Daniel J. Marino, President & CEO, Health Directions November 14, 2012 Originally published by Becker

More information

Accountable Care: Clinical Integration is the Foundation

Accountable Care: Clinical Integration is the Foundation Solutions for Value-Based Care Accountable Care: Clinical Integration is the Foundation Clinical Integration Care CoordinatioN ACO Information Technology Financial Management The Accountable Care Organization

More information

Revenue Cycle Management: What s Next in Healthcare

Revenue Cycle Management: What s Next in Healthcare Revenue Cycle Management: What s Next in Healthcare FEBRUARY 2014 Table of Contents Introduction... 3 Background... 3 Study Design... 3 Common Overall Business Priorities... 4 Management Priorities...

More information

Securing Patient Portals. What You Need to Know to Comply With HIPAA Omnibus and Meaningful Use

Securing Patient Portals. What You Need to Know to Comply With HIPAA Omnibus and Meaningful Use Securing Patient Portals What You Need to Know to Comply With HIPAA Omnibus and Meaningful Use September 2013 Table of Contents Abstract... 3 The Carrot and the Stick: Incentives and Penalties for Securing

More information

Healthcare Solutions. Nuance Speakers Bureau

Healthcare Solutions. Nuance Speakers Bureau Nuance Speakers Bureau 2 Table of contents Physician Leadership Anthony F. Oliva, DO, MMM, FACPE 4 Reid Coleman, MD, FCAP, CMIO 5 Reid Conant, MD, FACPE, CMIO 6 Victor Freeman, MD, MPP 7 Clinical Documentation

More information

SRA 2011 Health System CIO Survey Report Trends, Advice and Salaries

SRA 2011 Health System CIO Survey Report Trends, Advice and Salaries SRA 2011 Health System CIO Survey Report Trends, Advice and Salaries Bonnie Siegel, FHIMSS Partner Sanford Rose Associates Healthcare IT and Services Practice 843-579-3077 x 601 bsiegel@sanfordrose.com,

More information

Driving Healthcare Efficiency through Transformational Sourcing. www.avasant.com

Driving Healthcare Efficiency through Transformational Sourcing. www.avasant.com Driving Healthcare Efficiency through Transformational Sourcing www.avasant.com Reshaping of the U.S. Health eco-system The signing of the Patient Protection and Affordable Care Act (ACA) into law in 2010

More information

T h e M A RY L A ND HEALTH CARE COMMISSION

T h e M A RY L A ND HEALTH CARE COMMISSION T h e MARYLAND HEALTH CARE COMMISSION Discussion Topics Overview Learning Objectives Electronic Health Records Health Information Exchange Telehealth 2 Overview - Maryland Health Care Commission Advancing

More information

Creating the Healthy Hospital. The Demand for Physician Executives

Creating the Healthy Hospital. The Demand for Physician Executives LEADERSHIP LIBRARY Creating the Healthy Hospital The Demand for Physician Executives Written by: William Fulkerson Jr., M.D. Executive Vice President Duke University Health System Deedra L. Hartung, M.A.

More information

New Business and Investment Opportunities Emerging from Population Health Management (PHM)

New Business and Investment Opportunities Emerging from Population Health Management (PHM) Stax s Perspective on Changes Driven by PHM New Business and Investment Opportunities Emerging from Population Health Management (PHM) By Natalie De Fazio, Director, Stax Inc. November 2014 New Business

More information

Revenue Cycle Academy. E-Learning

Revenue Cycle Academy. E-Learning Revenue Cycle Academy E-Learning CONTENTS Revenue Cycle Fundamentals 3 Courseware Index 4 Certifications Patient Access... 6 Documentation & Charge Capture... 7 Billing & Collections... 8 Strategic Revenue

More information

July 23, 2015. Page 1

July 23, 2015. Page 1 Testimony of Paul Black, Before the Senate Committee on Health Education Labor and Pensions Achieving the Promise of Health Information Technology: Information Blocking and Potential Solutions July 23,

More information

Conifer Health Solutions Tenet Investor Webinar

Conifer Health Solutions Tenet Investor Webinar Conifer Health Solutions Tenet Investor Webinar May 16, 2012 Stephen Mooney President, Conifer Health Solutions 1 2012 Conifer Health Solutions, LLC. All Rights Reserved. Forward Looking Statements Certain

More information

The Affordable Care Act

The Affordable Care Act The Affordable Care Act What does it mean for internists? Joshua Becker MD 10/14/2015 VII. 2015 Reforms and Beyond Payment Penalties under Medicare s Pay-for-Reporting Program Value-Based Payment Modifier

More information

Health Facilities Development. Enabling and Operating Health Facilities Worldwide

Health Facilities Development. Enabling and Operating Health Facilities Worldwide Driving Title of High brochure Performance through Health Facilities Development Enabling and Operating Health Facilities Worldwide 2 Economics today Global expansion of health care and research facilities

More information

Georgia Society for Healthcare Materials Management. The status of ACO s in the market and how they impact materials management.

Georgia Society for Healthcare Materials Management. The status of ACO s in the market and how they impact materials management. Georgia Society for Healthcare Materials Management The status of ACO s in the market and how they impact materials management October 25, 2013 A Highly Volatile And Complex Industry Key Trends Impacting

More information

Advisory Panel for Health Care Advancing the Academic Health System for the Future: Profiles in Academic Health System Leadership.

Advisory Panel for Health Care Advancing the Academic Health System for the Future: Profiles in Academic Health System Leadership. Advisory Panel for Health Care Advancing the Academic Health System for the Future: Profiles in Academic Health System Leadership November, 2013 Project Focus and Methodology Project Focus This project

More information

The Future of Health Information Technology Education, Job Training and Placement. March 31, 2014, Washington D.C.

The Future of Health Information Technology Education, Job Training and Placement. March 31, 2014, Washington D.C. The Future of Health Information Technology Education, Job Training and Placement March 31, 2014, Washington D.C. Welcome Health IT = EHR (Electronic Health Records) Who s Here Today? Your Own Health IT

More information

The Accountable Care Organization: An Introduction

The Accountable Care Organization: An Introduction January 2011 The Accountable Care Organization: An Introduction The healthcare reform discussion introduced new terms and ideas and reintroduced many concepts explored in the past: value-based healthcare,

More information

Data as the Catalyst for Cost Reduction and New Care Models Health Care Insight Paper

Data as the Catalyst for Cost Reduction and New Care Models Health Care Insight Paper Data as the Catalyst for Cost Reduction and New Care Models Health Care Insight Paper Why the Urgency? A recent Forbes article estimated the spend for U.S. health care in 2013 hit $3.8 trillion. In a national

More information

The Cornerstones of Accountable Care ACO

The Cornerstones of Accountable Care ACO The Cornerstones of Accountable Care Clinical Integration Care Coordination ACO Information Technology Financial Management The Accountable Care Organization is emerging as an important care delivery and

More information

Making the Transition into Risk-Based Payment Why Children s Hospitals Need to Accept Value-Based Care Strategies

Making the Transition into Risk-Based Payment Why Children s Hospitals Need to Accept Value-Based Care Strategies Making the Transition into Risk-Based Payment Why Children s Hospitals Need to Accept Value-Based Care Strategies Substantial changes within the Medicaid marketplace are driving U.S. children s hospitals

More information

19 June 2014. 888.879.7302 www.greenwayhealth.com

19 June 2014. 888.879.7302 www.greenwayhealth.com Meaningful Use Timeline Changes and Penalties Explained By: Adele Allison, National Director of Industry and Government Affairs Greenway Health On May 20, 2014, CMS issued a proposed rule offering flexibility

More information

MANAGEMENT S DISCUSSION CONDITION AND RESULTS OF OPERATIONS FOR ASCENSION AS OF AND FOR THE SEPTEMBER 30, 2014 AND 2013 AND ANALYSIS OF FINANCIAL

MANAGEMENT S DISCUSSION CONDITION AND RESULTS OF OPERATIONS FOR ASCENSION AS OF AND FOR THE SEPTEMBER 30, 2014 AND 2013 AND ANALYSIS OF FINANCIAL MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR ASCENSION AS OF AND FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013 The following information should be

More information

Ian Worden, MBA, MHI, PMP Healthcare CIO and Patient Engagement Advocate

Ian Worden, MBA, MHI, PMP Healthcare CIO and Patient Engagement Advocate BETTER PATIENT ENGAGEMENT Ian Worden, MBA, MHI, PMP Healthcare CIO and Patient Engagement Advocate CONTENTS Introduction 2 The Path to Increased Patient Engagement Lies in the Definition 3 Defining Patient

More information

Best Practices and Strategies to Engage ACOs, Incentive Programs and Emerging Payment Models JUSTIN T. BARNES

Best Practices and Strategies to Engage ACOs, Incentive Programs and Emerging Payment Models JUSTIN T. BARNES Best Practices and Strategies to Engage ACOs, Incentive Programs and Emerging Payment Models JUSTIN T. BARNES CHAIRMAN EMERITUS, EHR ASSOCIATION CO-CHAIR, ACCOUNTABLE CARE COMMUNITY OF PRACTICE About Justin

More information

Is Your System Ready for Population Health Management? By Dale J. Block, MD, CPE

Is Your System Ready for Population Health Management? By Dale J. Block, MD, CPE Population Health Is Your System Ready for Population Health Management? By Dale J. Block, MD, CPE In this article Health care organizations will need to migrate to population health management sooner

More information

HIMSS and AHIMA: Trends in HIE Organizational Staffing. CMS ehealth Forum December 6, 2013

HIMSS and AHIMA: Trends in HIE Organizational Staffing. CMS ehealth Forum December 6, 2013 HIMSS and AHIMA: Trends in HIE Organizational Staffing CMS ehealth Forum December 6, 2013 Scott MacLean Introductions Chair, HIMSS Board of Directors Deputy CIO, Director of IS Operations, Partners HealthCare

More information

BAY AREA ACCOUNTABLE CARE NETWORK

BAY AREA ACCOUNTABLE CARE NETWORK BAY AREA ACCOUNTABLE CARE NETWORK CHIEF EECUTIVE OFFICER Bay Area, California Position Specification Prepared by: Michael Meyer Ryan Hubbs Meyer Consulting 5900 N. Granite Reef Road, Suite 100, Scottsdale,

More information

Certified Healthcare Financial Professional

Certified Healthcare Financial Professional Certified Healthcare Financial Professional Certification Basics Friday, February 25, 2016 Courtney Stevenson, MSA WA/AK HFMA Certification Committee Co-Chair Agenda Module I The Business of Healthcare

More information

Potential Alliance Between Frederick Regional Health System Meritus Health Western Maryland Health System

Potential Alliance Between Frederick Regional Health System Meritus Health Western Maryland Health System Potential Alliance Between Frederick Regional Health System Meritus Health Western Maryland Health System Nancy D. Adams Chief Operating Officer /Chief Nurse Executive Western Maryland Health System Objective

More information

Navigating Today s Healthcare Ecosystem. Providers, Billing Companies and Vendors Share Top Business Concerns and RCM Solution Requirements

Navigating Today s Healthcare Ecosystem. Providers, Billing Companies and Vendors Share Top Business Concerns and RCM Solution Requirements Navigating Today s Healthcare Ecosystem s, Billing Companies and s Share Top Business Concerns and Solution Requirements Introduction We no longer have the luxury of looking at healthcare as we have for

More information

Healthcare Internal Audit: In a Time of Transition

Healthcare Internal Audit: In a Time of Transition The 2015 State of the Internal Audit Profession Study Healthcare Internal Audit: In a Time of Transition The healthcare industry in the United States is facing many challenges with the enactment of legislation

More information

6/12/2015. Dignity Health Population Health Management and Compliance Programs. Moving Towards Accountable Care. Dignity Health Poised for Innovation

6/12/2015. Dignity Health Population Health Management and Compliance Programs. Moving Towards Accountable Care. Dignity Health Poised for Innovation Dignity Health Population Health Management and Compliance Programs Julie Bietsch, VP Population Health Management Dawnese Kindelt, Senior Compliance Director, Clinical Integration June 8, 2015 Moving

More information

Is Per Diem Nursing, the Bread and Butter of Healthcare Staffing, Looking More Like Filet Mignon?

Is Per Diem Nursing, the Bread and Butter of Healthcare Staffing, Looking More Like Filet Mignon? CONCURRENT SESSION Is Per Diem Nursing, the Bread and Butter of Healthcare Staffing, Looking More Like Filet Mignon? Moderator: Subadhra Sriram, Editorial Director, Staffing Industry Analysts OCT 25 8:30

More information