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IN THIS ISSUE ...

Making Headlines at AAOE this week
  • The 2014 Healthcare Environment
  • Annual Membership Drive Extended

  • Calendar of Events
  • Calendar

  • Leak of the Week
  • Annual Conference Opening Keynote Speakers — The Passing Zone

  • Meet Your Leadership
  • Committee Membership Spotlight: Steve Nelson
  • Leadership Quote of the Week

  • Within Your Practice Walls
  • AMA forecasts busy 2014 with Stage 2 Meaningful Use, ICD-10
  • Health spending growth low for 4th consecutive year
  • Three legal experts offer strategies for private practices
  • Systems say they're being flooded with calls from newly insured patients
  • New survey reveals drivers of physician engagement and a disconnect with administration
  • Oscar, a new health insurer, raises $30 million
  • Malpractice in America: Is anything getting better?
  • ICD-10-CM training sessions for health care professionals
  • Congress to mull Healthcare.gov security measures, healthcare reform
  • 100 physician leaders to know in the ASC industry
  • Minimally invasive spine surgery: Advantages, economic impact and transitioning to outpatient ASCs
  • Why this $101 billion healthcare company does not model growth from ObamaCare
  • Globus Medical to acquire robotic device maker Excelsius Surgical
  • Maryland receives 'okay' for healthcare overhaul that caps hospital spending




  • MAKING HEADLINES AT AAOE THIS WEEK


    The 2014 Healthcare Environment
    American Association of Orthopaedic Executives
    The Affordable Care Act is like the proverbial iceberg — 10 percent is visible above the surface but 90 percent is largely hidden from public view. 2014 will likely be a major transition year fraught with great difficulties for physician group practices. Managing an orthopedic practice is never easy, but next year could see a collision of many forces few of which will be positive for group practices.
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    Annual Membership Drive Extended
    American Association of Orthopaedic Executives
    The AAOE Annual Membership Drive has been extended to Jan. 31, 2014! Refer a new member and both of you will receive a $25 gift card. In addition, the referring member will be entered into a raffle to win larger prizes, including an iPad Air, $100 gift cards and more! For more information on the Annual Membership Drive, visit us here.

    We would like to thank the supporters of our Membership Drive.
    USA Today Schneider Publishing
    imex


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    CALENDAR OF EVENTS

    Date Time (EST) Event More Information
    Jan. 16 12 - 1 p.m. IT and ICD-10 Readiness [P2P] Details
    Jan. 23 12 - 1:30 p.m. 2014 Changes in Orthopaedics — How to Stay Compliant and Maximize Your Revenue Cycle [HTW] Details
    Jan. 31 AAOE Membership Drive Ends Details
    Feb. 7-8 American Orthopaedic Association — Power, Influence and Persuasion Details
    Feb. 13 12 - 1:30 p.m. Exercising the 1st Amendment! [P2P] Details
    Feb. 27 12 - 1:30 p.m. Staying Ahead of the Curve [HTW] Details
    March 13 12 - 1:30 p.m. Benchmarking Survey [P2P] Details
    March 27 12 - 1 p.m. The Average Return on Marketing is Negative Details
    April 4-5 Midwest AAOE Spring Meeting Details
    May 31- June 3 AAOE Annual Conference Details
    July 31- Aug.3 2014 South Carolina Association of Orthopaedic Executive Details
    Sept. 12-14 BONES Society of Florida Annual Meeting Details

       [P2P]: AAOE Peer-to-Peer Audio Conference
       [HTW]: Hot Topic Webinar


    SPONSORED CONTENT


    LEAK OF THE WEEK


    Annual Conference Opening Keynote Speakers — The Passing Zone
    American Association of Orthopaedic Executives
    You don’t want to miss this year’s opening keynote speakers – The Passing Zone. They have appeared on The Tonight Show, The Today Show and were finalists on America's Got Talent. They are at the top of their craft, with performances at the White House and in London for Prince Charles. Their first feature film was “The Addams Family Movie,” where Jon and Owen doubled for Gomez (Raul Julia) and Uncle Fester (Christopher Lloyd) in the climactic Mamushka dagger-passing scene. More recently, they appeared in the award-winning comedy documentary, “The Aristocrats.” See them in action!
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    MEET YOUR LEADERS


    Committee Member Spotlight: Steve Nelson
    American Association of Orthopaedic Executives
    • Name: Steve Nelson
    • Council/ Committee Name: AAOE Board of Directors - Treasurer
    • Practice Name: Panorama Orthopedics & Spine Center
    • City/State: Golden (Denver), Colorado
    • Group Size: 26 Surgeons, 2 Non-Surgical Orthopedists, 2 Physiatrists, 20 PA’s
    • Hobby: Reading and Travel
    • Favorite quote: “Live as if you were to die tomorrow. Learn as if you were to live forever.” - Mahatma Gandhi
    • Best book ever read: Anything by Robert Ludlum
    • Favorite movie: “Shane”, “Destry Rides Again”, or “Rocky Horror Picture Show”

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    Leadership quote of the week
    American Association of Orthopaedic Executives
    “The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant.” – Max DePree
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    FEATURED ARTICLE
    TRENDING ARTICLE
    MOST POPULAR ARTICLE
    Bangor doctor closes practice in wake of employee's billing fraud
    Bangor Daily News
    A Bangor gynecologist has abruptly shut down his women’s health center after settling a federal complaint over false billing and filing for bankruptcy earlier this year. Dr. Robert A. Grover closed Bangor Women’s HealthCare effective Dec. 19, “due to unforeseen circumstances,” according to a notice on the practice’s website.

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    Improper physician payments, kickbacks lead to big penalties
    EHRIntelligence.com
    Inappropriate kickbacks to physicians led to million-dollar settlements for one health system and laboratory before the close of 2013. The most recent settlement involves St. James Healthcare in Butte, Mont., and its Denver-based parent company, Sisters of Charity of Leavenworth Health System.

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    The Importance of Record Keeping for your Facility
    AAOE
    Record keeping is extremely important when it comes to your office. This not only protects your office but also protects your employees as well. Under the OSHA Regulation record keeping is a MUST in any facility. OSHA requires that employers need to keep records of workplace injuries and/or illnesses.

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    WITHIN YOUR PRACTICE WALLS


    AMA forecasts busy 2014 with Stage 2 Meaningful Use, ICD-10
    EHR Intelligence
    The American Medical Association is gearing up for an action-packed year, says AMA President Ardis Dee Hoven, M.D., in a blog post. Between the implementation of ICD-10, the beginning of Stage 2 Meaningful Use and several big federal changes, the top five biggest national issues to affect providers in the coming year are all hefty challenges.
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    Minimally invasive spine surgery: Advantages, economic impact and transitioning to outpatient ASCs
    Becker's Spine Review
    Dr. Ashish Sahai, a spine surgeon at Spine & Orthopedic Center in Deerfield Beach, Fla., discusses performing minimally invasive spine surgery in the outpatient setting and where he sees this trend headed in the future. "I think with the advancement of minimally invasive spine surgery with less blood loss and less tissue disruption there is less pain postoperatively. The decompression surgeries are done though a smaller window and fusions are done with less dissection," says Sahai.
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    Why this $101 billion healthcare company does not model growth from Obamacare
    Forbes
    How does the Affordable Care Act impact the healthcare industry’s biggest middleman? “We’ve had trouble trying to model the effects of the Act,” says George Barrett, the chief executive of Cardinal Health, a $101 billion giant that is a wholesaler of drugs and medical devices to doctors and hospitals. Obamacare’s tax on medical devices is a hit to earnings. And its customers, doctors and hospitals, are facing cuts to reimbursement from the government, which means they are under pressure.
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    PRODUCT SHOWCASE
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    Globus medical to acquire robotic device maker Excelsius Surgica
    Becker's Spine Review
    Globus Medical has acquired Excelsius Surgical, a company developing next generation surgical robotic positioning platforms for spine, brain and therapeutic uses. Excelsius' robotic system helps with navigation, as well as implant sizing, positioning and placement.
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    Maryland receives 'okay' for healthcare overhaul that caps hospital spending
    Modern Healthcare
    The state of Maryland is announcing a new initiative with the federal government to modernize the state's unique rate-setting system for hospital services. The agreement, which will be announced by state and federal officials, is designed to move Maryland away from reimbursing hospitals on a fee-for-service basis to an emphasis on prevention and quality of care.
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    Health spending growth low for 4th consecutive year
    By Pamela Lewis Dolan
    For the fourth consecutive year, growth in healthcare spending remained historically low. But the likelihood this trend will continue, and how the Affordable Care Act will impact it, is still in question. From 2009 to 2012, the U.S. saw the slowest growth in healthcare spending since the government started tracking these trends in the 1960s, according to data released by the Centers for Medicare and Medicaid Services. An analysis of the CMS data, published Jan. 6 in the journal Health Affairs, found spending on healthcare grew by only 3.7 percent in 2012 to $2.8 trillion, a slight increase from the 3.6 percent growth found in 2011.
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    Three legal experts offer strategies for private practices
    MD News
    Just in the last decade, new and revised government regulations have changed the delivery, as well as the reimbursement, of healthcare service. While all providers have been affected, private practitioners seem to be impacted the most. What does the future hold for them?
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    Systems say they're being flooded with calls from newly insured patients
    Modern Healthcare
    About 2.1 million people have signed up for insurance through an exchange, and another 3.9 million qualified for Medicaid, according to HHS. Across the country, the rollout has been uneven — largely depending on the investment each state has made in setting up and promoting its own insurance exchange or whether it has defaulted to the federal marketplace. Providers are reporting few problems with new patients in spite of lingering concerns that the technology glitches during the first months of open enrollment will mean that many Americans will find out when they seek care that they don't actually have coverage.
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    New survey reveals drivers of physician engagement and a disconnect with administration
    Fort Mill Times
    A new Physician Wellness Services and Cejka Search survey on physician engagement released confirms that not only is engagement very important to physicians, it also is a key driver of satisfaction or dissatisfaction with their jobs and their organizations, and it clearly influences their decisions to accept or leave a job. The survey also reveals sizable gaps between what is important to physicians to feel engaged and what they perceive they are experiencing in their current practices.
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    Oscar, a new health insurer, raises $30 million
    The New York Times
    Most of the darlings of the last few years have been consumer-focused start-ups, like Instagram and Warby Parker. But a group of investors, including the venture capitalist Joshua Kushner, are doubling down on a bet on health insurance. Oscar, a health insurer co-founded by Mr. Kushner, has raised $30 million in new capital from existing investors, the firm plans to disclose.
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    Malpractice in America: Is anything getting better?
    Medscape (free subscription)
    Medical malpractice continues to loom large in the minds of just about every practicing physician. Claims and rates are declining, but the problem of lawsuits against physicians is far from tapering off. And upcoming changes in medicine due to doctor/hospital consolidations and uncertainty about the impact of the Affordable Care Act may bring more developments.
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    ICD-10-CM training sessions for health care professionals
    News- Medical
    Affiliated Medical Billing, an affiliate of Yeo & Yeo CPAs & Business Consultants, will host ICD-10-CM training sessions at locations throughout Michigan beginning in January 2014. These sessions have been approved for 4 CEUs by the American Academy of Professional Coders.
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    Congress to mull Healthcare.gov security measures, healthcare reform
    FierceHealthcare
    Congress returned from its holiday break on Jan. 6, with plans to tackle healthcare reform, new legislation to make Healthcare.gov more secure and yet another deadline to keep the government running or face another government shutdown. House Majority Leader Eric Cantor intends to schedule floor action this week to address proposals to make Healthcare.gov safer and notify consumers when there is a data breach, according to a Reuters report.
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    100 physician leaders to know in the ASC industry
    Becker's ASC Review
    The ambulatory surgery center industry is built upon a number of leadership roles in both the clinical and business spheres, but ASCs would not exist without physicians. Beyond providing care in the low-cost, high-quality environment of ASCs, physician leaders lead clinical and administrative teams, establish successful ASCs, stand up for the industry and found companies that support industry growth.
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