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IN THIS ISSUE ...

Making Headlines at AAOE this week ...
  • Correcting Inefficiencies in the Orthopedic Implant Market
  • Can Your Practice Afford to be Left Out in the Cold?
  • Who Should Pay for Leasehold Improvements?
  • Council/Committee Update: Advocacy Council

  • Calendar of Events
  • Calendar

  • Leadership Quote of the Week
  • Leadership Quote of the Week

  • Within Your Practice Walls
  • Discrepancies plague more than 2 million Affordable Care Act healthcare recipients
  • Patients who review physicians generally give high ratings
  • How providers transform EHR implementation into EHR adoption
  • A 50 percent partnership may be worth less than you think
  • Doc recertification program focuses on quality improvement
  • OIG terminates previous advisory opinion regarding fee structure of EHR exchange
  • Hospital charges surge for common ailments
  • 7 mistakes to avoid when choosing your practice's advisors — Part II




  • MAKING HEADLINES AT AAOE THIS WEEK

    Correcting Inefficiencies in the Orthopedic Implant Market
    AAOE
    The rising cost of healthcare in the U.S. has prompted various stakeholders to address the problematic trend of inefficiencies in the orthopedic implant market, an area ripe for cost savings as orthopedics accounts for approximately 15% of healthcare costs nationwide. Orthopedic practices pressured to find savings must seek out ways to improve workflow and streamline their practice without sacrificing quality of care or their own financial viability. Rooting out inefficiencies is a key way to do so.
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    Can Your Practice Afford to be Left Out in the Cold?
    AAOE
    In this era of unparalleled volumes and speed of change in medical communities around the country — can your practice or my practice afford to not know the details of our next move…to be "left in the cold?" Medical practices have and will see many changes in the future. As orthopaedic executives, I am certain you are aware of the many requirements being heaped on practices in the recent past and near future. In my 20+ years of experience in healthcare, I have not seen a period which compares to what we are now experiencing.
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    SPONSORED CONTENT


    Who Should Pay for Leasehold Improvements?
    AAOE
    If you are considering a move into newly leased office space, the cost of leasehold improvements can become a true item of hard bargaining. Extra plumbing, lead lined walls for x-ray, built-in counter space, wiring for computer systems might be paid by either the landlord or the tenant, depending on the negotiating circumstances.
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    Council/Committee Update: Advocacy Council
    AAOE
    AAOE conducted its first Capitol Hill visits on June 3rd and 4th during the Annual Conference in Washington DC. 74 advocates from all across the United States, including Alaska, took part in our efforts to effect positive change for orthopedic practices. Thanks to our advocates, AAOE was able to expose 350 members of Congress to the challenges facing orthopedic practices in the United States.
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    CALENDAR OF EVENTS

    Date Time (EST) Event More Information
    June 12 12 - 1:30 p.m. AAOE Webinar: Beyond HIPAA — Security Risks in Healthcare IT [P2P] Details
    June 26 12 - 1 p.m. AAOE Webinar: Technology Solutions to Mitigate Revenue Cycle Challenges for Orthopaedic Practices [HTW] Details
    July 17 12 - 1:30 p.m. AAOE Webinar: Introduction to Congress Web [P2P] Details
    July 24 12 - 1 p.m. AAOE Webinar: Starting Over – A Continuation of ICD-10-CM Education and Readiness [HTW] Details
    July 31- Aug. 3 2014 South Carolina Association of Orthopaedic Executive Annual Meeting Details
    Aug. 14 12 - 1:30 p.m. AAOE Webinar: Business Intelligence [P2P] Details
    Aug. 28 12 - 1 p.m. AAOE Webinar: Release of Information Risk Mitigation Through the Use of Quality Control Processes and Measurements Details
    Sept. 11 12 - 1:30 p.m. AAOE Webinar: The Benchmarking Survey Details
    Sept. 12-14 BONES Society of Florida Annual Meeting Details
    Oct. 2-4 2014 Midwest AAOE Fall Meeting Details
    Oct. 23 12 - 1 p.m. AAOE Webinar: The Role of Marketing and Public Relations in Medicine Details
    Aug. 6-9 2015 2015 South Carolina Association of Orthopaedic Executives Annual Meeting Details
    Sept. 24-26 2015 2015 BONES Society of Florida Annual Meeting Details

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




    MEET YOUR LEADERSHIP


    Leadership Quote of the Week
    Norman Schwarzkopf
    "Leadership is a potent combination of strategy and character. But if you must be without one, be without the strategy."
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    WITHIN YOUR PRACTICE WALLS


    Discrepancies plague more than 2 million Affordable Care Act healthcare recipients
    U.S. News & World Report
    Almost one-quarter of the people who signed up for health insurance under President Barack Obama's Affordable Care Act have data discrepancies in their personal information, The Associated Press reported.
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    Patients who review physicians generally give high ratings
    Health IT Analytics
    Is there actually some good news to be found on the internet? According to Vanguard Communications, which surveyed more than 46,000 online physician ratings on popular review sites, not everyone who logs on to give their opinion is a pitiless troll. Patients who rate their experiences with physicians and the quality of their care are overwhelmingly generous with their praise, the study found, giving 56.8 percent of physicians a four-star rating or higher.
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      PRODUCT SHOWCASES
    Physical Therapy Can Be Profitable!

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    At Nuance, we believe in the power of intelligent systems, and quite specifically what the power can do for you. Our innovations in voice, natural language understanding, reasoning and systems integration come together to create more human technology.
    Find Surgery Center Development Experts
    At Booth 608


    Practice Partners is a developer, manager and minority equity partner of single and multi-specialty ambulatory surgery centers. We specialize in the development of new centers and the optimization of existing centers, in partnerships with physicians and with physician/hospital joint ventures. We deliver success-proven expertise with no development fees.
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    How providers transform EHR implementation into EHR adoption
    EHRIntelligence
    Are EHRs delivering on their promise? For years, the healthcare community and patients alike have heard the promise of electronic health records. Vendors, the media, politicians, policy makers and countless others have preached that EHRs would transform healthcare by providing access to comprehensive medical information that is secure, standardized, and shared. Ultimately, EHRs would help deliver better, safer, and higher-quality healthcare.
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    A 50 percent partnership may be worth less than you think
    Healthcare Finance News
    Here's a scenario: You've been in private practice for 30 years and would like to bring in a co-owner (i.e., partner) to share the workload, liquidate a portion of the equity to you now and have someone to acquire the other half of the practice at some future date. You don't want just an employee; you want someone who'll share your owner’s attitude about the business.
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    Doc recertification program focuses on quality improvement
    Modern Healthcare
    The American Board of Medical Specialties' Maintenance of Certification program has come under fire from physicians who consider it onerous, irrelevant and expensive. But an ABMS initiative, called the Portfolio Program, aims to answer such criticisms with a streamlined process that allows physicians to use quality-improvement projects conducted within their organizations to satisfy individual MOC requirements.
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    FEATURED ARTICLE
    TRENDING ARTICLE
    MOST POPULAR ARTICLE
    Correcting Inefficiencies in the Orthopedic Implant Market
    AAOE
    The rising cost of healthcare in the U.S. has prompted various stakeholders to address the problematic trend of inefficiencies in the orthopedic implant market, an area ripe for cost savings as orthopedics accounts for approximately 15% of healthcare costs nationwide.

    Share on FacebookTwitterShare on LinkedinE-mail article
    read more


    OIG terminates previous advisory opinion regarding fee structure of EHR exchange
    Lexology
    Recently, the Department of Health and Human Services Office of Inspector General issued a Notice of Termination1 of Advisory Opinion 11-18, which was issued Dec. 7, 2011 and rejected a similar proposal in Advisory Opinion 14-03. This is the first Notice of Termination of an Advisory Opinion issued by OIG.
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    Hospital charges surge for common ailments
    The New York Times
    Charges for some of the most common inpatient procedures surged at hospitals across the country in 2012 from a year earlier, some at more than four times the national rate of inflation, according to data released by Medicare officials.
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    7 mistakes to avoid when choosing your practice's advisors — Part II
    By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
    Savvy orthopaedic practice owners typically rely on a team of advisors for assistance in running and growing their practice. At their best, advisors can add tremendous value on an array of areas — from business decisions, to corporate and deal structure, to tax and financial results. Because of this, it is critical that orthopaedic practice owners take seriously their process for hiring and evaluating advisors and look for second opinions where warranted. In this second part of a two-part article, we examine three more pitfalls common to practice owners and executives when working with advisors.
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    Colby Horton, Vice President of Publishing, 469.420.2601
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