Becker's Hospital Review

Becker's Hospital Review July 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 July 2015 Vol. 2015 No. 7 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 Max Green / Writer/Reporter mgreen@beckershealthcare.com Brandon Howard / Writer/Reporter bhoward@beckershealthcare.com Akanksha Jayanthi / Writer/Reporter ajayanthi@beckershealthcare.com Erin Marshall / Writer/Reporter emarshall@beckershealthcare.com Emily Rappleye / Writer/Reporter erappleye@beckershealthcare.com Mary Rechtoris / Writer/Reporter mrechtoris@beckershealthcare.com Tamara Rosin / Writer/Reporter trosin@beckershealthcare.com Anuja Vaidya / Writer/Reporter avaidya@beckershealthcare.com BUSINESS DEVELOPMENT 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 Maura Jodoin / Account Executive - Integrated Campaigns 708-822-1786 / mjodoin@beckershealthcare.com Sarah Lohr / Assistant Account Manager 312-448-9234 / slohr@beckershealthcare.com Ariel Leung / Assistant Account Manager 312-448-9235 / aleung@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 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 7 Publisher's Letter 8 The Community Hospital Survival Guide Financial Management 14 Behind Closed Doors: The Lesser-Known Details of Mergers of Equals 18 20 Pieces of Advice From Hospital CFOs 20 CMS Unveils Overhaul to Medicaid Managed Care: 10 Key Points 20 Nonprofit Hospitals Begin to See Financial Improvement 22 The Blue Cross Blue Shield Antitrust Case: 13 Key Points 22 WellStar Calls Off Merger Talks With Emory 23 8 Hospital, Health System Layoffs Affecting 100+ Employees 24 Study Lists 50 Hospitals With Biggest Markups: 11 Things to Know 25 Tax Breaks for Nonprofit Hospitals Soar to $24.6B: 5 Things to Know 25 CMS Pays $1.3B to Hospitals for Medicare Appeals 25 Tenet Completes USPI, Aspen Healthcare Transactions 27 100 Great Community Hospitals | 2015 Executive Briefing: Preserving the Physician-Patient Relationship 37 To Create a Positive Patient Experience in Only a Matter of Minutes, Understand What Patients Value Most Leadership & Strategy 40 15 Quotes From Healthcare Executives Reporters Knew They Had to Write Down 42 The Woman Who Runs the Oldest Hospital in America 43 Are Patient Satisfaction Surveys Doing More Harm Than Good? 44 Why Are COOs on the Decline? 3 Reasons 45 Becker's Hospital Review CEO Roundtable + CFO/CIO Roundtable brochure Executive Briefing: Strengthening the Medical Staff Services Department 59 Outsourcing as a Solution to Your Credentialing Woes Revenue Cycle 62 Revamping Hospital RCM With Outsourcing, Insourcing or Something In-Between 62 Dartmouth-Hitchcock Outsources 340 RCM Division Jobs 64 14 Hospitals, Health Systems Recognized for Revenue Cycle Performance 64 Premier Launches System to Track Financial Impact of Value-Based Care 64 70% of Physician Practices Have Yet to Settle on RCM Technology Executive Briefing: Future of the Nurse Workforce 67 Hospitals and Nursing Schools: A Symbiotic Relationship Physician Affairs 70 3 Physicians From America's Tiniest Towns Talk Patient Relationships, Rural Practice and the State of Healthcare 73 10 Medical Schools With Highest Student Debt 73 Why is This Medical School Trying to Lure English Majors? 74 11 Things to Know About the MSSP ACO Final Rule 74 Leavitt Partners, Brookings Institution Join for World's Largest ACO Collaborative 77 30 ACOs With the Largest Physician Networks Health IT 78 Dear Hacker: Here is Your Invitation to Attack Our Network 80 Partners HealthCare Launches Epic EHR for $1.2B 82 The Money Pit: Healthcare Spends Billions to Defend the IT That Cost Billions to Install 84 Epic's Judy Faulkner Pledges 99% of Her Wealth to Philanthropy 84 Former Hospital CFO Receives 23-Month Sentence for Lying About Meaningful Use 84 EHRs and Physician Satisfaction: 10 Things to Know Opinion 85 Interoperability is an Ethical Issue Thought Leadership 86 Protectionism is Not a Strategy 87 A Champion of Sport — and Life 88 The Corner Office: Temple Health's Dr. Larry Kaiser on Knowledge of Wine and Healthcare 89 Hospital & Health System Executive Moves 90 Hospital & Health System Transactions 90 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. 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