Dec
10
Written by:
Jeff Burke
12/10/2010 2:27 PM
Reimbursement: The Financial Risk of Poor Quality
CMS has moved from Pay for Reporting (P4R) to Pay for Performance (P4P) and soon Value Based Purchasing (VBP) and Accountable Care Organizations (ACOs) will take hold of the primary reimbursement models for healthcare providers. One message that continues to come across loud and clear is that quality improvement is the bedrock of healthcare reform. CMS, and all payers, will not pay for mistakes or poor quality. The cost of poor quality is eating away at every CFOs bottom line. This fundamental shift will require more vigilance in tracking real time quality of care, performance and improved patient outcomes.
This presentation will explore the financial risk and reward that every healthcare executive is facing today. This is much more than ARRA Meaningful Use incentive payments; it is about realizing that poor quality results in poor profits, lower patient satisfaction and a path to significantly reduced reimbursements.
Specifics Topics Include:
· P4P and VBP issues for Payment for Quality
· ROI and Financial Risk of timing (Wait, Follow or Lead)
· The Correlation between High Quality and High Profit
· The Critical Link between CFO and CMO
· How Real-Time Data is critical to healthcare reform
· What to do about IT “Witch Doctors”?
Target Audience:
· CFO, CMO, Strategic Executive Management
· Healthcare financial managers, senior executives and physician leaders
Jeff Burke, Managing Partner, Technology Medical Partners