Hospital and health system executive compensation is affected by several factors in the healthcare industry, including a greater focus on quality and patient satisfaction, as well as consumers' increasing involvement in their healthcare.
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If predictions ever hold weight, they certainly don't in the healthcare industry. Too much is prone to change — like the Patient Protection and Affordable Care Act, which awaits its summer Supreme Court ruling.
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Given the recent announcement of the first 27 CMS Medicare Shared Savings Program accountable care organizations, and with health insurance giants such as Cigna, United and Blue Cross Blue Shield touting accountable care models, it's safe to say the phenomenon is both public and private.
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Becker’s Hospital Review Special Compensation Issue; Accountable Care Organizations; Upcoming Becker’s Healthcare Events
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Accountable care organizations have proliferated in the past three years. The increase has been spurred by private payors' interest in coordinated care management and the Patient Protection and Affordable Care Act, which introduced the Medicare Shared Savings Program.
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Stanford (Calif.) Hospital & Clinics is known worldwide for advanced treatment of complex disorders in areas such as cardiovascular care, cancer treatment, neurosciences, surgery and organ transplants.
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This past September, Weiss Memorial Hospital brought in the East Coast-based Jeffrey Steinberg, MD, to lead the Chicago-based facility.
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Compensation of hospital CEOs and other top hospital executives, especially at non-profit organizations, is undergoing mass amounts of scrutiny, thanks in part to the new federal standards that require transparency of all tax-exempt organizations.
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For hospitals and health systems, physician compensation will always be a hot-button issue.
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Newly recruited physicians offer a lot of potential for hospitals, especially as the scramble for physician practices ensues.
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Average per diem payments of emergency on-call coverage vary widely across medical specialties, from a low of $240 to a high of $2,710, according to data from MD Ranger's Physician Contract Benchmark Report.
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Under the Medicare Shared Savings Program, a Medicare ACO can receive payment for meeting quality metrics and reducing costs.
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Physician strategy is top of mind for many hospital leaders. As Lewis Carroll once wrote, "If you don't know where you are going, any road will get you there."
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The Medicare hospital trust fund is projected to become insolvent in 2024. Hospital credit downgrades are predicted to outpace upgrades.
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CMS issued a proposed rule (pdf) for hospitals paid under the Inpatient Prospective Payment System and the Long-Term Care Hospital Prospective Payment System that would increase Medicare's operating payments to acute-care hospitals by about 0.9 percent — or roughly $904 million — in fiscal year 2013.
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In the first quarter of 2012, Moody's Investors Service reported an equal number of upgrades and downgrades in the non-profit hospital sector, but Moody's analysts expect a negative outlook for non-profit healthcare providers for the remainder of 2012.
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Fitch-rated for-profit hospitals experienced varying operating trends over the past year, as urban hospitals saw stronger volume growth but weaker pricing trends than hospitals in rural and suburban settings, according to a report from Fitch Ratings.
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Merger and acquisition activity in healthcare has increased over recent years, driven largely by challenging operating environments and decreasing reimbursements.
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The Patient Protection and Affordable Care Act enacted in March 2010 has had a significant impact on the evolving healthcare industry.
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A report from the Office of Inspector General claims Georgetown University Hospital in Washington, D.C., overbilled Medicare by roughly $659,400 primarily due to misunderstandings of billing requirements.
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Some hospital operating rooms are borrowing a practice from sports teams to boost efficiency: huddles. On the playing field, team members with different roles huddle to discuss strategies to win the game.
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The idea of aligning physicians with hospitals and health systems is not new. In fact, it has been experimented with since the 1990s and the rise of managed care.
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If the Supreme Court strikes down all or part of the Patient Protection Affordable Care Act, as everyone seems to be predicting, it would be a stunning indictment of the self-interested deal making that created this very flawed law.
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Alegent Health in Omaha, Neb., and Creighton University in Omaha announced a strategic affiliation, which includes Alegent acquiring Creighton University Medical Center from Creighton and its partner Tenet Healthcare in Dallas.
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Saint Joseph’s Health System in Atlanta promoted Tom Andrews to president and CEO.
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