Studies Show ACOs Are Succeeding in 2014
Accountable Care Organizations are cropping up nationwide.
With over 10 million patients covered by Obamacare, the pressure is on for hospitals to acquire ACO status. Accountable Care Organizations were a hot topic of conversation at the beginning of the year, 15 million patients had coverage under an ACO in the U.S. Now, midyear, a new report shows that the number has jumped up to over 20.5 million.
The 411 on Accountable Care Organizations (ACOs) (video)
ACO stands for Accountable Care Organization. It is a concept that was created as a result of the Affordable Care Act (ACA). In a nutshell, an ACO is a group of doctors, hospitals, and other healthcare organizations who work together in coordinating and transforming healthcare. ACOs benefit both patients and care givers by accomplishing the triple aim:
Increase Quality
Reduce Cost
Improve Patient Experience
Increasing Patient Satisfaction Through Revenue Cycle Improvement
One element of revenue cycle improvement that will be coming to the forefront with the implementation of patient-centered care is patient loyalty. As a hospital, your staff and facility might provide a patient with top-notch care. Overall, they may emerge healed and satisfied with how they were treated – but then, they get their bill!
If your hospital’s billing department isn’t equipped to continue that positive patient experience after the patient is discharged, you may be losing patients.
Infographic: A Visual History of Healthcare Informatics
The history of healthcare informatics goes back decades- did you know it all began in the 1940s? In fact, it began in Germany with a doctor named Gustav Wagner who formed the German Society for Medical Documentation, Computer Science and Statistics – the world’s very first professional organization of this nature. It’s his work that laid the groundwork for major informatic milestones throughout the next few decades up until the present day. Check out the infographic below from Adelphi University for the complete story.
Top 10 ICD-10 Codes You Won’t Believe Are Real
Struck down by an orca? Don’t worry, there’s an ICD-10 code for that.
Big Data Could Bring Your Credit Card History To Your Doctor
Imagine if your doctor could see your credit card transactions. They’d know when you were going out to eat, skipping out on your gym membership, going out for a night on the town – you name it, they’d know it.
BHM to Host Live Webinar on the Transition to ACO and the Impact on Providers and Payers
BHM Healthcare Solutions, a healthcare consulting firm, announced today that it will host a live, complimentary webinar titled, “Succeeding as an ACO: A Guide To Transforming Your Organization,” on Friday August 1st from 2:30 pm to 3:30 pm eastern standard time. The webinar will offer expert advice from Anthony Grimaldi, SVP Provider Division and Gwen Roberts, SVP Government Payer Division.
5 Ways Healthcare Delivery System Has Changed Forever |BHM Joins The Doctor’s Channel
I don’t know if you are familiar with The Doctor’s Channel or not, but The Doctor’s Channel offers free video CME, medical news, and physician education. Featuring insights and opinions from experts in over 50 specialties, as well as community and lifestyle features that help doctors stay on top of the latest news, ideas and information. The time-saving site includes short one- to two-minute streaming video clips designed to get to the point, and allows doctors to learn from each other – fast.
Should Hospitals Design with Patients in Mind?
Build It – And They Will Come? Maybe Not.
It’s no secret to anyone in the healthcare industry that there’s a huge emphasis on patient satisfaction scores these days – predominantly because they are so closely linked with reimbursement in the new healthcare landscape. Hospitals are taking ‘satisfaction’ a step further- how about patient aesthetic?
BHM to Attend FADAA / FCCMH Annual Conference
BHM Healthcare Solutions will be presenting at the upcoming FADAA/FCCMH Annual Conference August 6-8, 2014. BHM is very excited and pleased to participate for the first time in this spectacular event. The focus is a 2014 Guide to Behavioral Health.
BHM Healthcare Solutions (BHM) is pleased to be included as a presenter at the FADAA/FCCMH Annual Conference: The Premier Florida Conference on Substance Abuse Use Disorders and Mental Health. The conference will be held August 6-8 at the Hyatt Regency Grand Cypress located in Orlando, Florida. For more information, including registration information please visit: https://www.fadaa-fccmhannualconference.org/index.php.
