June 2018 Archives

 

June 2018 Archives

SafeQual Assists Hospitals Prioritize Safety and Quality Improvement Initiatives

Jun 20, 2018

SafeQual

  • Payment for hospital readmissions is being closely scrutinized.
  • Achieving government CMS quality measures affects hospital reimbursement.
  • Under MACRA, failure to participate in risk sharing payment models results in physicians not receiving annual payment increases from Medicare/Medicaid.
  • Commercial insurance payers are offering tens of millions of dollars of incentives for hospitals to achieve dozens of new quality benchmarks.
  • Government transparency initiatives publish which hospitals achieve quality measures so consumers can make informed choices.

Learn more about SafeQual ยป

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Healthcare and ESPN: A Story of Two Industries

Jun 20, 2018

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The Hospitals & Health Networks makes a great comparison between the issues that the TV industry faces and its similarities to the Healthcare Industry, using ESPN as a prime example. Here's an excerpt of the article:

The foundation of ESPN's business model is the network's perceived essentiality. Traditionally, ESPN has been included in virtually all cable bundles, resulting in high revenue from both fees and advertising. That strong revenue stream has supported the high-cost programming and talent that help make ESPN a necessity for sports fans.

[But] between consumers who have opted for skinny bundles and those who have cut the cable altogether, ESPN's revenue stream has suffered. Since 2013, ESPN has lost 10 million subscribers -- an estimated $2.5 billion in revenue. The pace of subscriber loss is accelerating: Between March and May, ESPN lost 10,500 subscribers per day.

The disruption of ESPN is strikingly similar to the disruption faced by legacy health care organizations.

[...]

For both ESPN and legacy health systems, quality of care, market presence and reputation are important strengths that will continue to be differentiating factors. However, both ESPN and legacy health care organizations face very real erosion in revenue and relevance, and neither has obvious operational or strategic options to change that trajectory.

Source: Read the full article at H&HN

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Health Care Insights by the American Healthcare Association

Jun 20, 2018

Take a look at some of the resources provided the American Healthcare Association, in their Health Care: The Big Picture section.

Health care makes up approximately one-sixth of the U.S. economy and impacts everyone directly as we all have health care needs. The AHA provides insight into key health care trends.

Hospitals, physicians, nurses, payers, pharmaceutical companies, medical device manufacturers and others comprise the health care field.

All have a role in improving care and ensuring affordability.

This page provides current resources and data on health care spending, number of uninsured individuals, patient out-of-pocket costs and insurance enrollment.

You'll be able to find a number of different resources, such as facts and statistics:

Screenshot 2018-06-20 09.48.47.pngSource: American Healthcare Association (View full article)

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Steps Your Hospital or Health System Can Take to Promote Value by the American Healthcare Association

Jun 20, 2018

Improving affordability remains a top issue for consumers, lawmakers and the health care sector.

To that end, in 2017 the AHA Board of Trustees created the Committee on Health Strategy & Innovation to examine the complex issue of affordability. This committee was asked to challenge standard assumptions related to health care costs and value; to ask the hard questions; and, to identify the role that hospitals and health systems can play in improving health care affordability.

In addition, the AHA board and this committee gathered input and insights from leaders throughout the field at AHA's regional policy board, council and member meetings. Extensive dialogue took place around some key issues related to affordability - including the factors that influence affordability, measures of affordability, and strategies to advance affordability.

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Source: The Value Initiative, American Healthcare Association

Visit the American Healthcare Association website for more information.

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Patient Safety Systems Chapter, Sentinel Event Policy and RCA2 by the Joint Commission

Jun 20, 2018

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The Patient Systems chapter is designed to clarify the relationship between Joint Commission accreditation and patient safety. As the chapter states, "The ultimate purpose of The Joint Commission's accreditation process is to enhance quality of care and patient safety. Each requirement or standard, the survey process, the Sentinel Event Policy, and other Joint Commission initiatives are designed to help organizations reduce variation, reduce risk, and improve quality. Hospitals should have an integrated approach to patient safety so that high levels of safe patient care can be provided for every patient in every care setting and service."

"The 'Patient Safety Systems' chapter provides a framework, rooted in Joint Commission standards, upon which hospitals can build their integrated patient safety system--in which staff and leaders work together to eliminate complacency, promote collective mindfulness, treat each other with respect and compassion, and learn from patient safety events," says Ronald M. Wyatt, MD, MHA, medical director, Office of Quality and Patient Safety, The Joint Commission.

The Sentinel Event Policy explains how The Joint Commission partners with health care organizations that have experienced a serious patient safety event to protect the patient, improve systems, and prevent further harm.

The RCA2: Improving Root Cause Analyses and Actions to Prevent Harm describes methodologies and techniques that an organization or individuals can credibly and effectively use to prioritize the events, hazards, and vulnerabilities in their systems to understand what and why the event occurred, and how to prevent future events.

All three documents, the Patient Safety Systems Chapter, the Sentinel Policy and the RCA2 are designed to be used together.

Source: Joint Commission (View full article)

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