@ShahidNShah
3 Physician Strategies To Improve Performance In 2022
A physician’s impact on financial operations, patient care and an organization’s culture make physician alignment critical for any healthcare organization to succeed.
The current changes in reimbursement and care delivery models, along with increased physician burn out make it a critical time to reevaluate your physician strategy. Healthcare leaders should consider the following initiatives to maximize their physician partnerships.
#1 - Optimize Reimbursement
Physicians can impact reimbursement at the hospital or health system level, in addition to their individual practice. New risk-based reimbursement models are providing opportunities for significant increases if an organization can master lowering costs while maintaining quality, and physician participation is instrumental to success. Therefore, it is important to think about your physician arrangements when reviewing your risk-based contracts and other physician agreements with payors. Specifically, leaders should consider implementing contractual arrangements that align physicians with the specific value-based goals included in payor contracts, such as relevant quality metrics and adherence to care coordination processes. Lastly, this may be an opportune time to renegotiate commercial contracts with value-based goals in mind. VMG Health, a valuation and strategic advisory firm, has observed a new focus on payor contract analysis, including a fresh look at hospital-based medicine arrangements.
Continue reading at beckershospitalreview.com
Make faster decisions with community advice
- 'Omnichannel' is the New Watchword as Big Tech, Retail Get Serious About Healthcare
- 9 Companies that Expanded into Telehealth in 2021
- EHR go-lives by the Numbers: 8 Notable Rollouts in 2021
- Enabling Interoperability Among Multiple Care Settings
- Leveraging Real-Time Data to Reduce Unnecessary ED Utilization
Next Article
-
9 Companies that Expanded into Telehealth in 2021
Here are nine companies Becker's Hospital Review has covered that have unveiled telehealth strategies in 2021. Dollar General CEO Todd Vasos gave a glimpse into what the discount store chain's …
Posted Oct 27, 2021 Telehealth