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IN THIS ISSUE ...

Making Headlines at AAOE this week
  • Happy Thanksgiving from AAOE!
  • Member to Member: AAOS Practice Management Symposium — A Synopsis

  • Compliance Corner
  • Preparing Your Practice for a Disaster

  • Calendar of Events
  • Calendar

  • Leak of the week
  • AAOE 2014 Annual Conference Mobile App is LIVE!

  • Meet Your Leadership
  • Committee Member Spotlight: Jack Morana
  • Leadership Quote of the Week

  • Within Your Practice Walls
  • Beyond insurance: How to protect both the practice and personal assets
  • Physician executive compensation growth slow, but healthy
  • Hospitals seek patient collection strategies: Cash upfront, payment plans
  • SGR repeal still gets AMA support
  • More Obamacare enrollees in California than in 36 states combined
  • Confessions of a miser: The thrill of profit
  • Approach ICD-10 with a sense of urgency
  • Probe of how US agency's Medicare move reached investors hits wall


  • MAKING HEADLINES AT AAOE THIS WEEK

    Happy Thanksgiving from AAOE!
    AAOE
    The staff at AAOE would like to take this time to wish each and every one of our subscribers a very Happy and Safe Thanksgiving!!!!!!
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    Member to Member: AAOS Practice Management Symposium — A Synopsis
    AAOE
    The course was built around assessing different types of technology in the new era of "Pay For Performance" and "Value Based Performance." The day began with a presentation from Dr. Jonathan Schaffer from the Cleveland Clinic on how patients utilize technology to educate themselves about their conditions as well as how the internet serves as a "de facto second opinion" for their diagnosis. Dr. Schaffer then presented some current statistics on how HIT impacts healthcare: 45 percent of all physicians utilize technology to interact with their patients or peers, 74 percent of physicians use IT for better access to clinical research, and that HIT has assisted in a 76 percent reduction of medical errors.
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    COMPLIANCE CORNER


    Preparing Your Practice for a Disaster
    AAOE
    Developing a disaster plan for your office is a must for today's day and age. If a natural disaster happened and your office was shut down and wiped out your records, would you know how to piece your office back together? Probably not! Have you ever given this a thought? No doubt you would be at a loss on how to proceed. A disaster recovery plan can serve as the blueprint for the recovery of your facility. Putting a disaster plan together will help your employees and department heads to better understand the day-to-day operations in the event of a disaster.
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    CALENDAR OF EVENTS

    Date Time (EST) Event More Information
    Dec. 5 12 - 1 p.m. The Future of Orthopaedics in a Volatile Health Care Environment [HTW] Details
    Dec. 19 12 - 1:30 p.m. Impending Doom or True Access to Affordable Healthcare – What is all the fuss about? [P2P] Details
    Jan. 10-11, 2014 2014 BONES Society of Florida Coding and Reimbursement Conference Details
    Feb. 7-8 American Orthopaedic Association — Power, Influence and Persuasion Details
    April 4-5, 2014 Midwest AAOE Spring Meeting Details
    May 31-June 3, 2014 AAOE Annual Conference Details
    July 31- Aug.3, 2041 2014 South Carolina Association of Orthopaedic Executive Details
    Sept. 12-14, 2014 BONES Society of Florida Annual Meeting Details

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


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    LEAK OF THE WEEK


    AAOE 2014 Annual Conference Mobile App is LIVE!
    AAOE
    The Annual Conference mobile app is live! Check out the speakers and their bios, customize your schedule, read all of the course descriptions and more. The app will be updated as we finalize more events for your annual conference. Download the app here: https://crowd.cc/s/1uoc.
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    MEET YOUR LEADERSHIP


    Committee Member Spotlight: Jack Morana
    AAOE
    Council/ Committee Name: Communications Council
    Practice Name: Bone & Joint Specialists of Winchester, P.C.
    City/State: Winchester, Va.
    Group Size: 6 Physicians and 4 Physician Assistants
    Hobby: Golf
    Favorite quote: "The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails." — John Maxwell
    Favorite movie: E.T.
    Any other information you would like to share: I am completing work on my Doctorate in Health Administration and I look to complete it by the end of 2013 or the Spring of 2014.

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    Leadership Quote of the Week
    Max DePree
    "The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant."
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    SPONSORED CONTENT


    WITHIN YOUR PRACTICE WALLS


    Beyond insurance: How to protect both the practice and personal assets
    By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM
    Physicians, medical practices and healthcare entities are unfortunately all high-visibility lawsuit targets. Many orthopaedic executives think insurance is the only viable protection tool to shield their practices, businesses and themselves from such litigation risks. However, as we will explore in this article, insurance policies have their limitations and drawbacks. Moreover, there are other techniques that can be explored to shield and build wealth and often save taxes. If you are interested in learning how to shield your practice, business and personal assets while also reducing taxes and building wealth, please read on.
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    Physician executive compensation growth slow, but healthy
    HealthLeaders Media
    Even though compensation growth has slowed a bit — CEOs report a gain of only 4% over two years — the demand for physician executives continues to increase. Median annual pay reported by doctors in executive roles is $325,000. The sluggish economy and the uncertainty around healthcare reform have slowed physician executive median compensation growth over the last two years. However, it's still a very good living.
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    PRODUCT SHOWCASE
     
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    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.
     


    Hospitals seek patient collection strategies: Cash upfront, payment plans
    Chicago Tribune via FierceHealthFinance
    Hospitals and physician groups — expecting a rise in the number of patients with high-deductible health insurance plans — are coming up with strategies to ensure they receive payment for providing services for scheduled or elective surgeries. Among the most popular options: Collecting cash upfront and enrolling patients in payment plans.
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    SGR repeal still gets AMA support
    MedPage Today
    The American Medical Association's policymaking House of Delegates voted nearly unanimously to continue its support of congressional efforts to repeal Medicare's payment formula despite opposition to a 10-year pay freeze that's part of a draft proposal. The vote, which came at the group's interim meeting, comes with the added caveat that the AMA continue to push for future positive updates to physician payments under Medicare.
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    FEATURED ARTICLE
    TRENDING ARTICLE
    MOST POPULAR ARTICLE
    AAOS Practice Management Symposium — A Synopsis
    AAOE
    The course was built around assessing different types of technology in the new era of "Pay For Performance" and "Value Based Performance."

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    read more
    CMS offers additional ICD-10 transition tools
    EHRIntelligence.com
    As the Oct. 1, 2014 ICD-10 compliance date grows closer, the Centers for Medicare and Medicaid Services is offering resources to help hospitals, healthcare providers, payers, and vendors prepare.

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    Hospitals may be disappearing in the era of healthcare reform
    Forbes
    What first comes to mind when you hear the word "hospital?" Regardless of our experiences, many of us assume the closer our hospital is to where we live, the safer and better off we are. But that assumption is wrong.

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    More Obamacare enrollees in California than in 36 states combined
    The Huffington Post
    More than 59,000 people enrolled for health insurance in Covered California from Oct. 1 through Tuesday in a pace that in the first month outnumbered enrollment in 36 other states combined. But only 4,852 of the people who enrolled in October come from the lower- and middle-income populations eligible for tax premium subsidies, according to numbers released by Covered California and the California Department of Health Care Services. Leaders of the new state exchange, part of President Barack Obama's signature health reform, expect 500,000 to 700,000 people who qualify for the subsidies to enroll by the end of March.
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    Confessions of a miser: The thrill of profit
    By Bob Fortune
    Frugality, thrift and good budgeting can and will lead to profit — financial profit as well as human and social thriving. It's worthy to point out that profit and frugality do not oppose themselves. The origin of the word frugality is "fruit" or "to bear fruit." And the fruits of a successful business are wildly exciting. Profit allows companies to purchase assets to grow revenue, increase earning power for staff, share their wealth with charities and offer more perks to employees.
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    PRODUCT SHOWCASE
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    Approach ICD-10 with a sense of urgency
    Government Health IT
    "This is only a test," is one of those phrases meant to put people at ease. When it comes to ICD-10 testing, maybe healthcare professionals shouldn't be at ease. They should approach ICD-10 testing with a sense of urgency. This is when healthcare providers will learn what they don't know and how ICD-10 codes will affect them after Oct. 1.
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    Probe of how US agency's Medicare move reached investors hits wall
    The Wall Street Journal
    Investigators are hitting a wall in an insider-trading probe of how a government funding decision made its way to investors before it was officially released, according to people familiar with the probe. The Securities and Exchange Commission and Federal Bureau of Investigation have been examining whether anyone in government illegally passed along information April 1 about a pending decision on Medicare payments, according to officials involved in the probe.
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