HFMA ANI 2016 – Brookwood Baptist Shares their Success with Value-Based Care
Two weeks ago, MedeAnalytics and client Brookwood Baptist Health attended HFMA ANI 2016 in Las Vegas, NV between June 26-29, 2016. The event draws more than 5,000 healthcare finance industry professionals, from executive leaders to mid-level professionals. This year, we saw a common theme bubble to the surface: approach healthcare in a bigger way to ensure greater financial success with more collaboration and clearer navigation towards value-based healthcare. Our client Brookwood Baptist Health also spoke to these themes, specifically how their partnership with MedeAnalytics has allowed them to take a synergistic approach towards value-based care during a major transition period.
During their session, Switching EHRs and Maintaining a Strong Revenue Cycle, Rosh Plugge, Executive Director of Revenue Cycle, and Pete Welch, M.B.A, Senior Revenue Analyst, outlined the need for a strategic partner that could help them apply analytics during their electronic health records (EHRs) transition to pinpoint trends, analyze root cases and resolve issues encountered with the move. By bridging gaps in their EHRs with analytics, the provider was able to have all reporting available after the first month following go-live. Brookwood was also able to meet the demands of population health and value-based reimbursement, all while maintaining patient satisfaction and HCAHPS scores.
Attendees learned why this approach worked best, providing examples of how other organizations undergoing a similar change can adopt their model. They specifically outlined how to:
- Normalize data to identify trends, areas of concern and facilitate process improvement
- Quickly discover issues to reduce loss to untimely filing, lower denial rates and faster cash flow recovery
- Compare patient information against legacy information to identify process and data issues
As the industry continues its evolution towards value-based care, collaboration will be key and many are already taking the right steps, whether it be by partnering with industry experts or breaking down data silos within their own organizations. We can’t wait to see what the next ANI holds for these innovative providers!
Get our take on industry trends
Why Unconventional Businesses Will Find Success in Healthcare: It’s the Data
It seems everyone is moving into healthcare. It’s a rapidly growing industry, historically dominated by large, well-embedded companies and organizations, and “pure tech” companies have had difficulty breaking in. That, however, is changing.
Read on...
Data and Social Determinants of Health
By Scott Hampel – I think a lot–and I’m not the only one–about how we can improve the ways we pull information from data. Data on its own is inert: just waiting to be understood and then used. And that’s a major challenge for many organizations. Data is often trapped in different applications with no easy or convenient way to extract it.
Read on...
Why Social Determinants Need Analytics for Success
Many challenges face healthcare’s underserved. There are issues with food, housing, reliable transportation, steady employment and more. Each contributes to and is one element of social determinants of health (SDH). In communities around the world, public and private organizations are taking steps to address SDH-related issues and challenges that negatively impact healthcare.
Read on...
Healthcare Organizations Recognize Importance of AI for Reporting
Healthcare providers continue to recognize the value of using AI in reporting operations throughout the organization. AI has many strengths when applied to the healthcare industry:
Read on...