Hayes' Healthcare Blog

Tale of Two Systems: Making the Right IT Choice Following a Merger or Acquisition

Posted by Pete Rivera on April 27, 2016 at 9:00 AM

A recent survey reported that healthcare promises to be one of the most active sectors when it comes to mergers and acquisitions (M&A) in 2016. Almost half of the M&A professionals surveyed felt healthcare would be the third most active sector behind only the technology and biotech/pharmaceutical industries. KPMG, who conducted the survey, reported that healthcare M&A’s are being driven by geographical expansion, new service lines development, and adjustments to new reimbursement models.[1]

Many strategic challenges come with a merger or acquisition – financial, legal, cultural - but one of the most significant involves technology. Selecting between the IT systems of two combining entities can be a difficult process and to make the right decision, the organization must evaluate both systems before deciding on the best option going forward.

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Topics: healthcare mergers and acquisitions, IT strategy, systems analysis

Caring for the Clinician: The Key to Improving Patient Experience, Enhancing Health Outcomes, and Reducing Cost

Posted by Jerry Ford, CEO, Marathon Health on April 20, 2016 at 9:00 AM

According to the CMS National Healthcare Expenditure Projections report, the U. S. healthcare system is the most expensive in the world, making up 17% of the country’s gross domestic product. Projections have that number reaching to nearly 20% by 2020.[1] Aging populations combined with chronic health problems have put an enormous strain on medical and social services.

The reality is our healthcare system is broken. The way it’s constructed makes it difficult to navigate – for patients, providers, and employers. The good news is that visionary leaders and organizations are embracing change in an attempt to make a meaningful difference. That’s important because we should not be handing over the healthcare delivery system we’ve created to future generations. But instead of pointing fingers or assessing blame, we should be working together to make needed changes.

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Topics: patient satisfaction, Fee-for-service, value-based care, Hayes Thought Leadership Blog Series, healthcare improvement

Risk-Based Auditing: Why It May Be The Right Choice for Your Organization

Posted by MDaudit Team on April 13, 2016 at 9:00 AM

Authors: Carrie Walters-Derksen and Susan Horahan

In a recent survey of Chief Audit Executives, an increased focus on risk management was named the top initiative by 60% of respondents.[1] The continuing growth of regulatory compliance demands in the healthcare industry – and the heightened risk that comes with it - is placing an enormous strain on auditing resources in most organizations. Deploying those resources in the most effective way means narrowing audit focus to those areas that pose the greatest risks.

The growing adoption of this type of approach explains why risk-based auditing is such a hot topic in healthcare circles today. With only so much time available for auditing, it’s critical for organizations to target specific areas of interest and not devote time to areas with little or no significant impact. Moving from an annual risk assessment program to a risk-based audit plan can be one of the most important moves a healthcare organization can make.

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Topics: OIG Workplan, risk management, Risk-based audits

Transitioning to a New EMR – 3 Tips to Smooth the Way

Posted by Clinical Transformation Team on April 6, 2016 at 9:00 AM

Authors: Rosie Montemayor and Kelsey Kazmierczak 

 Electronic Medical Records (EMR) have become a crucial part of everyday healthcare operations.  Chances are your organization is currently working with an EMR system. Many organizations have not only adopted one, but have transitioned to another, newer model in hopes of returning the significant investment if the first implementation did not go as well as planned.  By the second go-live, organizations have a list of what to do and what not to do based on lessons learned from the first time around.  So how do you know if adopting a new EMR is the best choice?  What are some of those tips and tricks that you could learn from your peers? 

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Topics: ehr implementation planning, clinical optimization, EMR implementation

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