Becker's Hospital Review

Becker's Hospital Review July 2015

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64 Revenue Cycle T he Healthcare Financial Management As- sociation recently announced the 2015 winners of the MAP Award for High Per- formance in Revenue Cycle. The award is given to healthcare providers "that have excelled in meeting industry standard reve- nue cycle benchmarks (MAP Keys), implemented the patient-centered recommendations and best practices embodied in HFMA's Healthcare Dol- lars & Sense initiatives, and achieved outstanding patient satisfaction," according to HFMA. Here are the seven hospital systems and seven in- dividual hospitals that received this recognition. Winning hospital systems: • Baylor Scott & White – North Texas Divi- sion (Dallas). • Geisinger Health System (Danville, Pa.). • INTEGRIS Health (Oklahoma City). • OhioHealth (Columbus, Ohio). • Presbyterian Healthcare Service (Albuquer- que, N.M.). • Saint Francis Health System (Tulsa, Okla.). • Virtua Health (Marlton, N.J.). Winning individual hospitals: • Dallas County Hospital (Perry, Iowa). • Legacy Meridian Park Medical Center (Tu- alatin, Ore.). • Princeton Baptist Medical Center (Birming- ham, Ala.). • St. Luke's Hospital (Chesterfield, Mo.). • Texas Health Resource – Alliance (Fort Worth). • Trinity Mother Frances Hospital (Tyler, Texas). • The Valley Hospital (Ridgewood, N.J.). n 14 Hospitals, Health Systems Recognized for Revenue Cycle Performance By Kelly Gooch 70% of Physician Practices Have Yet to Settle on RCM Technology By Carrie Pallardy T he majority of solo and small physician practices — 70 percent — have yet to find a technology suite or set of products that satisfies expectations for meaningful use, clinician usability, and coordinated billing and claims, according to the 2015 Black Book Survey. "Revenue cycle management and integrated EHR vendor loyalty among small practice EHR physician practices is still on a significant upward trajectory," said Doug Brown, Black Book's managing partner. "The EHR/practice billing vendor's abilities to meet the evolving demands of interoperability, network- ing, mobile devices, accountable care, patient accessibility, customization for specialty workflow and reimbursement are the main factors that the replace- ment mentality and late adoption remain volatile, especially among solo and small practices." The report named the top EHR, practice management and revenue cycle management firms including: • ADP AdvancedMD • athenahealth • Greenway Health • HealthFusion • McKesson • Nextech n Premier Launches System to Track Financial Impact of Value-Based Care By Carrie Pallardy P remier, based in Charlotte, N.C., has launched the Premier Quality Cycle Management system, a software-as-a-service analytics platform. The Quality Cycle Management system is designed to help health- care providers predict reimbursement from federal programs bas- ing payment on clinical outcomes. "Under the multiple federal payment programs that measure healthcare provider performance, integrated health systems are challenged with fully understanding the financial impact and driv- ers of clinical outcomes across all of their acute-care facilities, phy- sician groups and post-acute care facilities," said Liz Martin, vice president of quality, at Riverside Health System, which recently began using Premier Quality Cycle Management. The system measures reimbursement from CMS' Hospital Value-Based Purchasing program and is in the process of add- ing Readmissions and Hospital-Acquired Condition Reduction programs. n

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