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IN THIS ISSUE ...

Making Headlines at AAOE this week
  • Register TODAY for the Benchmarking Webinar.
  • Teamwork — An Essay
  • The Loyalty Survey — A Review

  • Compliance Corner
  • "Business Associate and Vendor Relations"

  • Calendar of Events
  • Calendar

  • Meet Your Leadership
  • Leadership Quote of the Week

  • Within Your Practice Walls
  • Healthcare costs climb moderately
  • Physician salaries projected to increase
  • 2014 holds change for Medicaid Meaningful Use program
  • ICD-10 implementation requires planning now, CMS advises
  • How to attract and hire the best new physician
  • How patient management has improved by using web-based EMR
  • More doctors accepting Medicare patients
  • Keep the profit, reduce taxes, protect assets: Own your own insurance company


  • MAKING HEADLINES AT AAOE THIS WEEK


    Register TODAY for the Benchmarking Webinar!
    So now you have the AAOE Benchmarking Data but what do you do with it?

    In this AAOE Peer to Peer Webinar you will hear from two of our benchmarking experts on how to use the data to impact your office's bottom line. Click here to register.

    Didn't have time to participate in the survey? The AAOE 2012 Benchmarking Survey is for sale on our website for you and your practice.

    If you participated in the survey, you should have received an email on 8/7/13. Please check the spam folder of your inbox, or send an email to info@aaoe.net if you completed the survey on time and did not receive a copy of the final report.

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    Teamwork — the secret to organizational success
    An Essay by Dr. Paul Bruning
    Healthcare is the largest industry in the United States and exceeds global military spending. In 2010, countries across the globe spent just over $1.6 trillion on military expenses. The United States spent $632 billion on defense. Compared to those numbers the United States spent in excess of $2.6 trillion for healthcare in 2010. You are part of the largest industry in the United States and part of the most expensive healthcare system in the world.
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    Loyalty Survey
    AAOE
    Remember way back in June when you were bombarded with requests to complete AAOE’s newest survey, the Loyalty Survey? Well, the results have been tabulated by Loyalty Research and it’s all good. Good, not only because we received high marks overall as an association, but good because our membership told us what we needed to hear—some areas need tweaking.
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    COMPLIANCE CORNER


    Business Associate and Vendor Relationships
    AAOE
    Today, most covered entities under the HIPAA Privacy Rule have taken significant steps toward protecting patient information, primarily in response to privacy and security guidelines established by the U.S. Department of Health & Human Services. In navigating the barrage of standards, covered entities may have become inundated with voluminous high priority goals.
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    PRODUCT SHOWCASE
      Turnkey Orthopedic Imaging Systems
    Comprehensive Orthopedic Digital Imaging Solutions

    Viztek offers the latest in digital imaging hardware and software to save Orthopedics time and money. Opal-Ortho PACS provides immediate access to priors and outside CD's, while integrating with any EMR or PM. Images are accessible from any computer, smartphone, or tablet device. Upgrade your X-Ray room to Viztek DR for increased throughput and image quality. Click for more info or call for more information at 800-366-5343.
     


    CALENDAR OF EVENTS

    Date Time (EST) Event More Information
    Aug. 28 12 - 1:30 p.m. Utilizing the AAOE Benchmarking Survey: Using Key Performance Indicators [P2P] Details
    Aug. 29-30 Georgia Association of Orthopaedic Executives (GAOE) Annual Meeting Details
    Sept. 12 12 - 1 p.m. HIPAA and the Omnibus Rules 2013 [HTW] Details
    Sept. 20-22 Bones Society of Florida (BSOF) Annual Meeting Details
    Sept. 26 12 - 1:30 p.m. Effective Communication – Dealing with Difficult Encounters [P2P] Details
    Oct. 9-11 Bones of Pennsylvania 18th Annual Meeting Details
    Oct. 18-19 Midwest AAOE Fall Meeting Details
    Nov. 14 12 - 1:30 p.m. Bundled Payments [P2P] Details
    April 4-5, 2014 Midwest AAOE Spring Meeting Details

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


    SPONSORED CONTENT


    MEET YOUR LEADERSHIP


    Leadership Quote of the Week
    Harry Truman
    "Men make history and not the other way around. In periods where there is no leadership, society stands still. Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better." - Harry Truman
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    WITHIN YOUR PRACTICE WALLS


    Healthcare costs climb moderately
    The New York Times
    Premiums for employer-provided health insurance have increased by relatively modest amounts this year, according to a new survey, a further sign that once-torrid healthcare inflation has abated for now. The average annual premium for a family rose 4 percent in 2013, to $16,351, according to the survey results released by the Kaiser Family Foundation. Annual premiums for individual policies purchased through an employer rose 5 percent, to $5,884.
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    Physician salaries projected to increase
    Healthcare Finance News
    Specialty and primary care physicians can expect slight salary increases in 2014 says consulting firm, the Hay Group. In its 2013 Physician Compensation Survey, the consulting firm predicts physicians' median salary will increase 2.4 percent in 2014. Doctors in group-based practices can expect to see larger pay increases (3.7 percent) than those in hospital-based settings (2.2 percent).
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    2014 holds change for Medicaid Meaningful Use program
    FierceEMR
    Eligible professionals participating in the Medicaid EHR incentive program need to prepare for upcoming changes in 2014, according to a recent webinar held by the Centers for Medicare & Medicaid Services and reported in HIM-HIPAA Insider.
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      PRODUCT SHOWCASES
    Integrated EMR & Image Management for Orthopedics


    Merge orthopedic-specific EMR, image management and digital templating/surgical pre-planning tools work together to help you optimize workflow and provide faster care, as well as meet Meaningful Use. View this 5-minute day-in-the-life example of Merge Orthopedic solutions helping to manage patient data and images.
    Teleradiology Built For Your Needs

    Focused expertise in MRI teleradiology with sub-specialty radiologists and skilled support staff using the latest workflow technology. Assistance with accreditation and technologist support. Cost effective. Each relationship is crafted to meet the needs of the client. Radiologists work in a collaborative environment to produce the most accurate interpretations.
    eClinical Works

    eClinicalWorks offers a comprehensive EHR solution, so Practice Management works in concert with the entire eClinicalWorks line. It is just one part of an inclusive product, combining an EMR, PM, community health exchange, reporting system, mobile system, patient messaging system and patient Web portal.


    ICD-10 implementation requires planning now, CMS advises
    McKnight's Long-Term Care News & AssistedLiving
    Healthcare providers should start preparing for the fall 2014 implementation of ICD-10 codes, Centers for Medicare & Medicaid Services experts advised during a webinar. ICD-10 codes will replace ICD-9 codes on Oct. 1, 2014. They apply to all Health Insurance Portability Accountability Act-compliant healthcare provider reports, including MDS 3.0.
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    How to attract and hire the best new physician
    Business & Technology Intelligence for Forward-Thinking Physician Practices
    If you're thinking of adding a new physician to your practice, be advised that the competition today is fierce and getting fiercer — especially for primary care doctors. Changes in healthcare economics are pushing hospitals and healthcare systems to prioritize physician employment, which means that private practices must now compete for scarce talent with organizations who have much deeper pockets.
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    FEATURED ARTICLE
    TRENDING ARTICLE
    MOST POPULAR ARTICLE
    Doctors face new scrutiny over gifts
    The Wall Street Journal
    U.S. doctors are bracing for increased public scrutiny of the payments and gifts they receive from pharmaceutical and medical-device companies as a result of the new health law. healthcare overhaul.

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    Which doctors get sued the most?
    The Birmingham News
    A survey of 1,400 doctors who were sued for malpractice generated some interesting findings, including a breakdown of specialties seeing the most lawsuits.

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    Best Practices in BackOps: Staff — Who and How Many?
    AAOE
    Do you have the right staff? The biggest asset and cost a medical practice has is its staff. This article written by Kavita Sahai, VP Medical BackOps, helps to guide you on how many staff your practice needs and how to hire super stars.

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    How patient management has improved by using Web-based EMR
    Digital Journal
    "An EMR will impact all facets of patient management, from collecting insurance information and initiating client communications to obtaining health histories. An online EMR has distinct advantages that provides assistance in the clinic and can help therapists expand into lucrative new markets," said Nitin Chhoda. He said one of the great advantages of Web-based physical therapy software is that it can be accessed from multiple locations wherever an Internet connection is available.
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    More doctors accepting Medicare patients
    USA Today
    The number of physicians accepting new Medicare patients rose by one-third between 2007 and 2011 and is now higher than the number of physicians accepting new private insurance patients, according to a Department of Health and Human Services report obtained by USA TODAY.
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    Keep the profit, reduce taxes, protect assets: Own your own insurance company
    By David B. Mandell, JD, MBA, and Carole Foos, CPA
    As medical reimbursements continue to shrink and healthcare reform looms large, a popular question we receive at conferences and in consults with orthopaedic practices is, "Would owning part of a small insurance company help my practice become more financially efficient?" If your practice currently generates over $3 million of revenue and you would like to increase profits, reduce taxes, protect assets and add flexibility to practice buy-ins and buy-outs, then this article should be of high interest.
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    Colby Horton, Vice President of Publishing, 469.420.2601
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