Ascension, based in St. Louis, is the nation’s largest Catholic health system with $15 billion in revenue. In February, Ascension formed Ascension Health Care Network, a first-of-its kind joint venture with private equity firm Oak Hill Capital Partners of Menlo Park, Calif., to buy Catholic health systems and hospitals that might otherwise sell to for-profit or other non-Catholic entities. Tersigni …
“On January 1, 2012, if physicians’ practice management systems are not up to new standards, they will risk not getting electronic payments from private insurers and Medicare. Despite that possibility, many physicians have not even begun to see if they are compliant with what are known as HIPAA Version 5010 standards. According to a survey released in March …
No Physician Pay in 2012 If Not e-Claim Compliant Read More »
In a long-sought move, the University of Miami won a legislative victory Wednesday when Florida lawmakers agreed to extend state lawsuit protection to university doctors working in public hospitals. The measure passed as part of a one-two-three punch the Republican-led Legislature threw at trial lawyers. Another bill makes it tougher to sue automobile manufacturers. A third …
University of Miami Doctors Get Protection From Lawsuits Read More »
Over the years I have had the pleasure of getting to know quite a few physicians with a talent and interest in business. I have noticed in that same period of time, an increasing number of physicians wanting to jettison their clinical life for the ranks of the proverbial technology start-up, venture capital, media or …
In part 1 of this post I shared a few thoughts on making the jump from clinician to the business world. In this post I’ll offer some perspective as to whether an MBA is worthwhile for the physician. Similar to medical school, much of your business learning will occur on the job, not in the …
It’s not common for physicians, or even staff, to pay much attention to traditional business marketing. It’s out of their purview and it certainly wasn’t addressed in medical school. I suggest there is a direct relevance associated with quality marketing tips. These can lead to ideas on how to better care for patients throughout the …
Solid Marketing Adds to the Practice Bottom Line Read More »
We may sound like a broken record, but there are few better tools to help a physician establish online thought leadership and credibility than writing. The blog happens to be the most accessible publishing platform, so we spend a lot of time advocating that physicians consider writing a blog. One of the biggest concerns of …
Far too often when a physician practice (hospitals included) think of marketing, the immediate reaction is to get someone to “take care of that.” This often leads to a marketing program, social media included, that don’t reflect the true voice and character of the clinicians who are the ones caring for the patients. This is …
The following article comes from ModernHealthcare.com and covers a very controversial and important topic for providers. Certainly the intentions are good and there is plausible benefit from this move. However, there is ample room for misuse and improper interpretation of the data that could create significant problems for providers. We’re interested to get feedback from providers on …
Rule to Allow Access to Medicare Data on Providers Read More »
In a bit of a surprising move we learned from Healthcare Finance News that Thomson Reuters is panning to sell off its healthcare division. In 2010, the division had revenues of approximately $450 million and an operating margin comparable to the company’s consolidated margin of 19.3 percent. Once the division is sold, the company will combine its …
