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IN THIS ISSUE ...

Making Headlines at AAOE this week...
  • AAOE Advocacy Update: Open Payments System Back Online
  • Around the Water Cooler: Co-Management Agreements
  • Be the Change: AAOE Volunteers Needed
  • AAOE's Legislative Action Center

  • Calendar of Events
  • Calendar

  • Quote of the Week
  • Leadership Quote of the Week

  • Within Your Practice Walls
  • Using multiple entities in your practice's asset protection planning
  • Apologize-and-pay laws don't keep docs out of data bank
  • Analysis: Providers could lose billions in meaningful use pay
  • ICD-10 queries: Where real time is likely to be lost
  • EHR billing fraud: More than a numbers game
  • Physician turnover remains high as more physicians retire
  • Medicare to start paying doctors who coordinate needs of chronically ill patients
  • A physician's guide to avoiding embezzlement




  • MAKING HEADLINES AT AAOE THIS WEEK

    AAOE Advocacy Update: Open Payments System Back Online
    AAOE
    After being offline for a week, the Centers for Medicare and Medicaid Services (CMS) re-opened the Open Payments system website. Physicians, practices, and teaching hospitals will now have a few extra days to view and appeal data on the site before the data is released to the public. The new deadline for practices to view and appeal the data reported is September 8, 2014. The data is still slated to be made available to the public on September 30, 2014.

    About 1/3 of the data reported has been sent back to manufacturers and sales people after the data became "intermingled" with other data. That data will be included in the next reporting cycle. The American Medical Association had previously asked CMS to push the public launch of the site to March 31, 2015.
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    SPONSORED CONTENT


    Around the Water Cooler: Co-Management Agreements
    AAOE
    Every week, AAOE members discuss topics that are affecting their practice every day, on the Listserv. Being the highest rated member benefit, the Listserv serves as a resource to AAOE members facing the same issues. Members are also able to get solutions to issues they may not know how to handle. The Listserv is also a great place to vent about changes going on in the industry and how practice administrators can make it through the changes with their wits intact! This week, in a time where practices are being absorbed by hospitals, members discussed the benefits of co-management agreements. For more information on co-management agreements, click here.
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    Be the Change: AAOE Volunteers Needed
    AAOE
    When you completed the benchmarking survey, did you have some ideas to make the process more efficient? Did you have questions about how to answer some of the questions? Do you read the newsletter and think, "I think we should have a section on...!" Do you attend the annual conference and wonder how AAOE is able to pull it off every year? If so, AAOE needs you. AAOE is a member-run organization — YOU make the decisions! Programs wouldn’t ever get off the ground without the hard work of our volunteers and there is plenty of space for you to join in on the action! With open positions in five of AAOE's committees and councils, there is no shortage of help that you can give. To apply to be a member of AAOE leadership, click here. If you have questions, you can contact AAOE at 800-247-9699 or info@aaoe.net. Be the change!
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    AAOE's Legislative Action Center
    AAOE
    AAOE's new Legislation Action Center allows you to write to your Senators and Representatives in Congress, Governors, and state legislators, as well as write an op-ed on an issue of importance to orthopaedic practice executives. Find updates on issues, support legislation, find your elected officials and more! You don't need to stand in the background anymore! AAOE has made it possible to be involved and let your voice be heard! Click here for more information, or contact Bradley Coffey, MA, AAOE's Government Affairs Coordinator, at 800-247-9699 or bcoffey@aaoe.net.
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    CALENDAR OF EVENTS

    Date Time (EST) Event More Information
    Aug. 28 12 - 1 p.m. AAOE Webinar: Release of Information Risk Mitigation Through the Use of Quality Control Processes and Measurements Details
    Sept. 12-14 BONES Society of Florida Annual Meeting Details
    Oct. 2-4 2014 Midwest AAOE Fall Meeting Details
    Oct. 3-4 AAOS: Orthopaedic Surgical Safety: How to Build Safe Surgical Teams and Improve Patient Outcomes Details
    Oct. 8-10 19th Annual Bones of PA Meeting Details
    Oct. 23 12 - 1 p.m. AAOE Webinar: The Role of Marketing and Public Relations in Medicine Details
    Sept. 24-26 2015 2015 BONES Society of Florida Annual Meeting Details

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


    QUOTE OF THE WEEK



    SPONSORED CONTENT


    WITHIN YOUR PRACTICE WALLS


    Using multiple entities in your practice's asset protection planning
    By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
    In prior articles, we have described the potential tax benefits of using a multi-entity corporate structure — by using both an "S" and "C" corporation simultaneously. For many orthopaedic practices, however, the strategy of using multiple entities goes beyond the tax and financial benefits of "S" and "C" corporations, as you will see here. In this article, we will explain additional multiple-entity asset protection concepts that can help you better shield practice assets from lawsuits and other liabilities.
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    Partial Knee Replacements With Robotic Technology: A New Trend for ASCs
    Blue Belt Technologies, Inc.
    "Jefferson Surgical Center at the Navy Yard Administrator Joseph DeMarco and surgeon Jess Lonner, MD, and Orthopaedic Associates of Wisconsin Chief Administrative Officer Mark Smith discuss why they created a robotic technology program at their ASCs and where they see the biggest opportunities for success in the future."
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    Promoted by Blue Belt Technologies, Inc.


    Apologize-and-pay laws don't keep docs out of data bank
    Medscape
    Physicians who avoid the meat grinder of litigation when their insurers pay malpractice plaintiffs out of court under state "disclosure, apology and offer" laws still must be reported to the federal National Practitioner Data Bank, the Department of Health and Human Services has ruled.
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    PRODUCT SHOWCASE
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    Analysis: Providers could lose billions in meaningful use pay
    iHealthBeat via Modern Healthcare
    Eligible healthcare professionals and hospitals could be at risk of losing billions of dollars in meaningful use incentive payments as they struggle to meet Stage 2's stricter criteria, according to an analysis. Under the 2009 economic stimulus package, healthcare providers who demonstrate meaningful use of certified electronic health records can qualify for Medicaid and Medicare incentive payments.
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    PRODUCT SHOWCASE
      Discover everything about innovative imaging
    Merge is a leading provider of innovative enterprise imaging, interoperability and clinical solutions that seek to advance healthcare. Merge’s enterprise and cloud-based technologies for image intensive specialties provide access to any image, anywhere, any time. Merge also provides clinical trials software and intelligent analytics solutions.

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    ICD-10 queries: Where real time is likely to be lost
    Government Health IT
    Are you worried that ICD-10's granularity will take a hefty toll on productivity? Then you're not alone. One of the major issues with ICD-10 implementation is the concern that the increased specificity will create more work for medical practices and damage productivity. To document that increased specificity, physicians are going to have to spend more time with documentation.
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    EHR billing fraud: More than a numbers game
    FierceEMR
    There's a well-known adage in business that 10 percent of people will never steal, embezzle or commit fraud; 10 percent will always steal, embezzle or commit fraud when they can; and 80 percent will do it under certain circumstances when given the opportunity. That might finally explain what's occurring with electronic health records and billing fraud.
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    Physician turnover remains high as more physicians retire
    Insurance News Net
    Physician turnover continues at the highest rate since the first year data was collected in 2005 for the second year in a row. Medical groups reported an average turnover rate of 6.8 percent in 2013, unchanged from 2012, according to the 9th annual Physician Retention Survey from the American Medical Group Association and Cejka Search. The survey also reported turnover of 9.4 percent among advanced practice clinicians, which includes physician assistants and nurse practitioners. This represents an 18 percent reduction in 2013.
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    FEATURED ARTICLE
    TRENDING ARTICLE
    MOST POPULAR ARTICLE
    Around the Water Cooler: Co-Management Agreements
    AAOE
    Every week, AAOE members discuss topics that are affecting their practice every day, on the Listserv. Being the highest rated member benefit, the Listserv serves as a resource to AAOE members facing the same issues. Members are also able to get solutions to issues they may not know how to handle.

    Share on FacebookTwitterShare on LinkedinE-mail article
    read more
    In recruiting physicians, time is money
    MD News
    Physician vacancies undoubtedly affect a healthcare organization's bottom line, but quantifying the effect is an imprecise science. A recently developed website aims to give hospitals and physician practices a clearer gauge of 
how much vacant positions cost their organizations.

    Share on FacebookTwitterShare on LinkedinE-mail article
    read more
    Malpractice claims can be kept out of court, but not the NPDB
    Modern Healthcare (Login required)
    HHS has ruled that all medical malpractice claims that include a written demand for payment must be reported to a national database even if the cases are resolved under state programs designed to settle the matters outside of court.

    Share on FacebookTwitterShare on LinkedinE-mail article
    read more


    Medicare to start paying doctors who coordinate needs of chronically ill patients
    The New York Times
    In a policy change, the Obama administration is planning to pay doctors to coordinate the care of Medicare beneficiaries, amid growing evidence that patients with chronic illnesses suffer from disjointed, fragmented care. Although doctors have often performed such work between office visits by patients, they have historically not been paid for it.
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    A physician's guide to avoiding embezzlement
    Healthcare Finance News
    It is estimated that approximately one in six physicians will be victims of embezzlement at least once during their lifetime. This may be due to the trusting nature of physicians, a lack of business training about separating duties in transactions involving money, or employees' feeling overworked, underpaid, and/or underappreciated.
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