Becker's Hospital Review

Becker's Hospital Review May 2014 Issue

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Hospital Review May 2014 • Vol. 2014 No. 5 INDEX Table of Contents p. 6 Clinical Integration & ACOs p. 14 CMO Roundtable p. 23 Compensation p. 29 Health Information Technology p. 42 Financial Management p. 54 CMO Roundtable Five CMOs discuss the biggest challenges they are encountering in their roles, advice for other CMOs and the best decisions they've made in the past year. p. 23 When Pay for Performance Hits Hospital Employee Paychecks When pay-for-performance doesn't just apply to a hospital's reimbursements, but its staff as a whole. p. 66 Top Advice From Top CIOs Fourteen hospital and health system CIOs share insight on leadership, their changing roles in healthcare organizations and relationships outside of health IT. p. 42 Meet the Winners and Losers of Accountable Care By Heather Punke Healthcare reform was all about the patients. It's there in the name: the Patient Protection and Affordable Care Act. So when federal legislators passed the PPACA and formalized the accountable care organization model, it's safe to say they had the healthcare consumer in mind. "The accountable care process is fundamentally designed to make sure more people get the healthcare they deserve," says Roy Beveridge, MD, CMO of Humana, one of the country's leading health and well-being companies that has decades of accountable care experience. "The winners Troubled Transactions: Why There's Still Hope for Financially Struggling Hospitals By Helen Adamopoulos Joe Lupica, chairman of Newpoint Healthcare Advisors, likens financially strained community hospitals looking to thrive in a rapidly shifting healthcare industry to lobsters facing the threat of boiling water. "If a lobster is in a pot of cold water and someone turns the gas on, the lobster doesn't know it's being cooked," he says. "But if the lobster gets splashed by the hot water, it's on alert to the danger in that pot." Several trends, developments or ideas in today's healthcare landscape are nothing less than fascinating. The healthcare reform law turned four years old in March, but we are only now beginning to see some of Patient Protection and Affordable Care Act's costs and benefits. There are questions about whether Ameri- cans need 5,000 hospitals and if the Federal Trade Commission will con- tinue its aggressive stance toward hospital consolidation if one hospi- tal is clearly struggling to stay open. Whistle-blower False Claims Act cases and healthcare data breaches are both on the rise. Each of these developments, and the others discussed in this article, are magnetic in healthcare conversations — it's tough to discuss one without being drawn to another. 1. Patient Protection and Affordable Care Act Will the benefits of the PPACA out- weigh the costs for consumers and providers? continued on page 14 continued on page 12 continued on page 8 Special Section Inside: 100 Great Hospitals in America - 2014 8 of the Most Interesting Developments in Healthcare By Scott Becker, JD, CPA, Lindsey Dunn and LauraLee Lawley, JD SAvE THE DATE! Becker's Hospital Review CEO Strategy Roundtable November 5, 2014 Ritz Carlton Hotel, Chicago 40 Hospital & Health System CEOs Speaking Co-chaired by Scott Becker, Publisher, Becker's Hospital Review, and Chuck Lauer, Former Publisher, Modern Healthcare To learn more visit www.BeckersHospitalReview.com To register, visit www.regonline.com/ceoroundtable2014

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