Healthmonix Advisor

Revenue Cycle Management: A Key To Success in MIPS, MACRA, and VBC

Posted by Christopher Jayne on March 22, 2018
As MACRA barrels into its second full year of implementation, we’re noticing mixed reactions to the reporting process. Some practices and organizations have thrown their best efforts into reporting and earning an incentive, while others are only interested in finding the easiest way to get compliant and avoid any penalty on their Medicare Part B reimbursements.
Read More

Topics: PRO Tips, MACRA & MIPS, RCM, VBC

Value-Based Care: Why You Should Go for the Gold!

Posted by Lauren Patrick on March 1, 2018

 

 The 2018 winter Olympics wrapped up this weekend in PyeongChang, leaving us at Healthmonix contemplating the many analogous connections between the Olympian athletes and providers of value-based care. So in honor of this year’s champions, we’re laying out why you should follow their example and go for the gold:

1. If you want to place, strive for peak performance.

Read More

Topics: PRO Tips, VBC

4 Ways Football Can Inspire Your Value-Based Healthcare Strategy

Posted by Amanda Fanean on February 2, 2018

Living squarely in Eagles territory with the big game less than a week away, I've noticed several correlations between the journey to becoming a winning football team and the implementation of a winning value-based care strategy.  A successful transition to VBC requires time, deliberation, and dedication to improving quality outcomes.  Sharing a vision isn't enough. There must be a greater commitment by the whole team to do what is necessary to achieve greatness.  Nothing good ever comes easily, so the key to winning is to keep your eye on the prize.  Here are just a few pro-tips for paving your way to victory:

Read More

Topics: PRO Tips, VBC

4 Tips To Reduce Hospital Readmission Rates

Posted by Lauren Patrick on January 25, 2018

 

Hospital readmissions can be bad news for patients, but they can also be bad news for a hospital’s bottom line. Readmissions cost $41.3 billion overall, a majority of whichabout $26 billion annuallyis paid by Medicare. Moreover, as much as $17 billion of Medicare-paid readmissions are considered to be avoidable.

Read More

Topics: PRO Tips, Hospitals & Health Systems, VBC

Unleashing the Potential of Value Based Care

Posted by Lauren Patrick on September 29, 2017

Value-based payment models aim to address rising healthcare costs, clinical inefficiency and duplication of services. To survive in an industry with increasing competition a solid understanding of the business case for implementing value based care is imperative.

The most notable value based care program currently is the MACRA Quality Payment Program, which provides the option to participate in MIPS or an advanced APM. If you’ve been keeping up with our blog posts recently you may already know that the deadline for the last MIPS performance period of the year is October 2nd, and that as long as you start collecting data by that date you will be able to report successfully.

Read More

Topics: MACRA & MIPS, VBC