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Webinar: Overcoming the Financial Risks of Bundled Hospital Payments
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When: April 5, 2016
2:00–3:00 p.m. Eastern Time/11:00 a.m.–12:00 p.m. Pacific Time
Where: United States

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Overcoming the Financial Risks of Bundled Hospital Payments

Presented by Presented by William C. Mohlenbrock, M.D., FACS, Chief Medical Officer and Founder,  Verras, Inc.

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On April 1, 2016 the federal government will launch an unprecedented expansion of board responsibilities by mandating that hospitals take additional financial risks for Medicare patients’ total hip and knee replacement costs. The comprehensive risks include existing inpatient costs, plus all physicians’ and 90-day post-discharge costs as well. Similar voluntary CMS risk-models have been in place for a few years, but the Comprehensive Care Joint Replacement (CJR) bundle is now mandatory for over 800 hospitals. This model will undoubtedly expand to greater numbers of facilities and patient groups in the future, which is the reason hospitals and health systems must prepare now to achieve net savings.

This Webinar will describe both risks and great opportunities for organizations that are prepared to increase efficiencies by collaborating with their physicians. It will explain how CJR and other CMS bundle payment initiatives will reward healthcare organizations and their medical staffs for delivering high-quality, cost-efficient outcomes, the net saving of which can then be legally shared with physicians. Finally, the program will discuss ways in which hospitals and physicians can align their incentives and share financial opportunities by embracing such risk models, and the role of the board in developing strategic goals and holding management accountable for success in bundled payments.

After viewing this Webinar, participants will be able to:

  • Describe which hospital medical records data physicians need to improve quality and efficiencies.

  • Explain the types of educational forums and data presentations that best assist clinicians’ improvements.

  • Define what quality improvement measures can be used to establish bundled payment net savings.

This 60-minute program will include a live question/answer session.

Accreditation Council for Continuing Medical Education (ACCME) Approved

The Governance Institute is accredited by ACCME to provide continuing medical education for physicians. The Governance Institute designates this live activity for AMA PRA Category 1 Credit(s)™. Physicians should only claim credit commensurate with the extent of their participation in the activity.

American College of Healthcare Executives (ACHE) Approved

The Governance Institute is authorized to award hours* of preapproved ACHE Qualified Education credit (non-ACHE) for this program toward advancement, or recertification in ACHE. Participants in this program wishing to have the continuing education hours applied toward ACHE Qualified Education credit should indicate their attendance when submitting application to ACHE for advancement or recertification.