Physician practices need dedicated staff and resources to help make needed changes in electronic health records systems to implement the Quality Payment Program and its Merit-Based Incentive Payment System, said Rebecca Altman of Berkeley Research Group. Having one or two physicians become experts on the Medicare Access and CHIP Reauthorization Act and its reimbursement models is a critically important strategy, Altman said.
Health care executives who are believed to be most qualified to navigate toward value-based care -- such as chief strategy officers, top clinical research executives, top facilities executives and chief operating officers -- received the highest pay hikes from 2016 to 2017, according to Modern Healthcare's 37th annual Executive Compensation Survey. The poll also showed lower year-over-year median total compensation only among top medical informatics executives and chief technology officers at health systems and CEOs at independent hospitals.
A study analyzing National Practitioner Data Bank reports of medical malpractice cases found the availability of consumer litigation funding to injured patients resulted in 13.3% higher medical malpractice payouts and cases that lasted longer.
Premium rates for workers compensation insurance in California could rise by a penny under a proposal approved by the state's Workers Compensation Insurance Rating Bureau. The pure premium rates would go up to $2.01 per $100 of payroll starting Jan. 1, the bureau said.
Hospitals and medical practices could improve the exchange of health information by using HL7's Fast Healthcare Interoperability Resources standard in combination with the Direct protocol, according to a DirectTrust report coauthored by FHIR architect Grahame Grieve of HL7, DirectTrust CEO Dr. David Kibbe and members of the DirectTrust Policy Committee. "No single standard ... can do everything that is needed by providers and patients wanting to securely share and exchange health information using various tools and technologies," Kibbe said.
Health care organizations want the CMS to do more to ensure hospitals are not unfairly penalized for readmissions due to the socio-demographic makeup of patients. Experts say policy in the 21st Century Cures Act that requires the CMS to consider socio-demographics in readmissions lacks specificity and details, and CMS noted in its final inpatient payment rule that the overall percentage of hospitals being penalized would not show much change.
The on-demand economy is transforming industries as quickly as it delivers the services that have come to define it. However, the transformation itself is not proving to be as smooth as those swift deliveries ordered at the tap of a finger. For business leaders and consumers, we are on an exciting journey -- but for the former, the on-demand economy is not only opening up new opportunities, it is changing risk profiles, creating business challenges, and prompting new legislation and regulations. Read more.
Political risk and trade credit insurance markets continue to experience growth, spurred by insurers' moves to deploy capital, greater political volatility, and security and credit needs worldwide. This growing interest aids insurers in diversifying their risks. "The political risk market tends to be countercyclical to the property/casualty market," said John Minor, director of crisis management and political risk for Aon Risk Solutions in Chicago. "So, when rates soften in the property/casualty market, a lot of that capital seeks a better return and ends up in the political risk market." Read more.
The Aon Health Care practice provides solutions across the health care industry including hospitals, physician groups, senior care facilities, managed care organizations, insurance companies, ambulatory care and other provider services, and health care systems including university-affiliated, not-for-profit and for-profit systems.
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