Becker's Hospital Review

Becker's Hospital Review May 2015

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Save the date! CEO Roundtable + CFO/CIO Roundtable — November 18-19, 2015 — Chicago. Please call 800-417-2035 to register. 6 May 2015 Vol. 2015 No. 5 www.BeckersHospitalReview.com Hospital Review EDITORIAL Molly Gamble / Editor in Chief, Becker's Hospital Review mgamble@beckershealthcare.com Laura Dyrda / Editor in Chief, ASC Review & Becker's Spine Review ldyrda@beckershealthcare.com Carrie Pallardy / Editor cpallardy@beckershealthcare.com Heather Punke / Editor hpunke@beckershealthcare.com Ayla Ellison / Editor aellison@beckershealthcare.com Kelly Gooch / Senior Writer/Reporter kgooch@beckershealthcare.com Shannon Barnet / Writer/Reporter sbarnet@beckershealthcare.com Elizabeth Earl / Writer/Reporter eearl@beckershealthcare.com Brandon Howard / Writer/Reporter bhoward@beckershealthcare.com Akanksha Jayanthi / Writer/Reporter ajayanthi@beckershealthcare.com Emily Rappleye / Writer/Reporter erappleye@beckershealthcare.com Tamara Rosin / Writer/Reporter trosin@beckershealthcare.com Anuja Vaidya / Writer/Reporter avaidya@beckershealthcare.com SALES & PUBLISHING Jessica Cole / President & CEO 312-505-9387 / jcole@beckershealthcare.com Katie Atwood / Vice President of Operations 219-746-2149 / katwood@beckershealthcare.com Maggie Wrona / Director of Sales/Strategy 847-533-4118/ mwrona@beckershealthcare.com Sarah Laeuchli / Strategic Account Manager 312-448-9237 / slaeuchli@beckershealthcare.com Maura Jodoin / Account Executive - Integrated Campaigns 708-822-1786 / mjodoin@beckershealthcare.com Matt Anderson / Assistant Account Manager 312-448-9245 / manderson@beckershealthcare.com Ryan Ciepley / Assistant Account Manager 312-448-9243 / rciepley@beckershealthcare.com Eliza Hinton / Assistant Account Manager 312-929-3493 / ehinton@beckershealthcare.com Sarah Lohr / Assistant Account Manager 312-448-9234 / slohr@beckershealthcare.com Ariel Leung / Assistant Account Manager 312-448-9235 / aleung@beckershealthcare.com Scott Jones / Assistant Account Manager 312-448-9244 / sjones@beckershealthcare.com Leah Fishbein / Client Strategy/Marketing Manager 312-448-9232 / lfishbein@beckershealthcare.com Margo Vieceli / Client Strategy Manager 312-448-9241 / mvieceli@beckershealthcare.com Emma Goodman / HR/Recruiting/Operations Coordinator 312-448-9239 / egoodman@beckershealthcare.com Meghan Kelleher/ Sales/Marketing and Account Coordinator 312-448-9235 / mkelleher@beckershealthcare.com Megan McCormack / Ad Operations/Marketing Coordinator 312-448-9246 / mmccormack@beckershealthcare.com Lauren Groeper / Senior Director of Events 630-639-7595/ lgroeper@beckershealthcare.com Jessica Miller / Director of Events 847-302-0303 / jmiller@beckershealthcare.com Natalie Leoni / Content/Operations Coordinator 312-448-9233 / nleoni@beckershealthcare.com Scott Becker / Publisher sbecker@beckershealthcare.com Becker's Hospital Review is published by ASC Commu- nications. All rights reserved. Reproduction in whole or in part of the contents without the express written permis- sion is prohibited. For reprint or subscription requests, please contact (800) 417-2035 or e-mail sbecker@becker- shealthcare.com. For information regarding Becker's ASC Review, Becker's Hospital Review or Becker's Orthopedic & Spine Review, please call (800) 417-2035. @BeckersHR Becker's Healthcare Becker's Hospital Review Becker's Hospital Review FEATURES 8 Publisher's Letter 10 30 Words That Changed Healthcare Forever — Or At Least For This Year CXO Roundtable 14 Bringing it Back to the Patient Leadership & Strategy 19 First 100 Days in Office: The CEO's Guidebook 20 The Advice Nobody Gave Me Before I Became a CEO: 3 Chiefs Weigh In 22 9 of the Most Interesting, Intelligent Entrepreneurs in Healthcare Today 24 American Perceptions on What Shapes Health 25 5 Healthcare Trends Inspired by Millennials Financial Management 26 Checking In: Financial Updates From 5 Health Systems 26 3 CFOs' Best Practices for Running a Finance Team 28 Hospital-Insurer Disputes: Are Things About To Get Ugly? 32 Should More Health Systems Adopt Zero-Based Budgeting? Executive Briefing: Population Health Management 35 Why Provider-Driven Care is Best Equipped for Population Health Management Revenue Cycle 38 The Business Side of Caring 42 5 Thoughts on Revenue Cycle Management 44 What Does the Perfect Hospital Bill Look Like? Executive Briefing: Practicing Orthopedics in a Bundled World 47 Surviving the 'New Normal' for Orthopedic Practice in 2015 CMO Roundtable 50 The High-Quality Care Conundrum Executive Briefing: The Value of Specialist Hospitalist Support 55 The Growth of Specialized Hospitalist Programs — A Valuator's Perspective Physician Affairs 60 The Next Generation ACO: Why CMS is Offering Higher Risks, Higher Rewards 62 Kaiser Permanente's Secret Sauce 64 How Long is the Average Wait at a Physician's Office? 64 14 New Accountable Care, Shared-Savings Agreements Compensation 66 Taking Pay Cuts: Why Some Executives Leave Money on the Table 68 Male RNs Continue to Outearn Female RNs 68 Where Do Physicians Earn Most? 68 15 Statistics on Health IT Salaries Executive Roundtable: Tweener Hospitals 70 How Tweener Hospitals Can Achieve Financial Stability Payer Issues 74 Dignity Health Sets Sights on Insurance Business 74 M&A in Health Insurance Sector Projected to Increase 74 18 Insurers With Most Satisfied Members in Their Region 76 Blue Shield of California Stripped of State Tax-Exempt Status 76 UnitedHealth Profits Rising, Optum Revenues Up: 5 Key Points Executive Briefing: Hospital Investment Management 79 How Some Health Systems are Keeping Their Investments 'Under Good Watch' Health IT 82 From Bytes to Budgets: Why Hospital IT Teams are Getting Bigger and Broader 86 Big Hearts of Steel: Can Robots Reduce Work Burden in Hospitals? 88 A Guidebook to MU Stage 3's 8 Objectives 90 The Proposed Rule for MU Stage 3: 9 Things to Know 92 Boston Children's Experiences 6-Day System Outage 92 Responding to IT Failures: A Lesson from Antelope Valley Hospital 93 Becker's Hospital Review CEO Roundtable + CFO/CIO Roundtable brochure Executive Briefing: Healthcare Strategy and Design 105 Homeland Security, Ticketless Travel and the Patient Experience Executive Briefing: Alleviating Physician Burnout 111 Physician Burnout Extinguishes Physician Engagement 112 Watch Out for These 7 Signs of Physician Burnout 114 Kenneth Kaufman: Healthcare Without Gatekeepers 116 Chuck Lauer: 7 Things CEOs Should Ponder Before Moving On 117 The Corner Office: Hospital for Special Surgery CEO Louis Shapiro on the Strength of Independence 118 Hospital & Health System Executive Moves 120 Hospital & Health System Transactions 121 Advertising Index Letters to the Editor Send your letters to the editor, opinions and responses to: editorial@ beckershealthcare.com or Becker's Hospital Review 35 E. Wacker Dr. Suite 1782 Chicago, IL 60601

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