This webinar was originally broadcast on Thursday, September 8, 2011 at 10:00pm CST.
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Overview of Webinar
Clinical Integration: What Really Matters
As value based delivery and financing increasingly becomes reality, successful organizations will adapt their delivery framework to adjust from pure fee for service to performance based reimbursement, with reductions in the historical rates of increases. As a result, we are at the point where we must re-engineer how care is delivered. Doing the things that achieve the long-hanging fruit will not be enough.
That is where Clinical Integration becomes essential. The only way to reengineer care is in partnership with your physicians- indeed, it is only through this partnership that you will be successful in the next era of healthcare reform.
There are 5 things we must do very well to be successful:
- We must truly and deeply engage with our physicians around quality. To do so requires new partnership models. New organizational structures with shared governance and physician leadership must be established. Physicians participating must understand the WIIFM- “What's In It For Me?”, which means there must be a clear value proposition for their involvement. This is nothing less than a mission change for most hospitals.
- We must invest in new infrastructure for care delivery. This means Electronic Medical Records, but it also means predictive analytic capabilities, a commitment to and a way to deliver Evidence-Based Medicine to participating physicians, support of the Patient Centered Medical Home, and a new breed of healthcare professionals who can team to manage care across the continuum.
- We must adapt to lower reimbursement and take costs out of the system, particularly for inpatient stays. This means a commitment to continual improvement in LOS and resource consumption.
- We must fine-tune our operations for maximal efficiency. We have to eliminate waste in our processes and be able to do more with less resources.
- We have to be able to take and manage financial risk. We need new competencies to assess risk, understand and manage population health dynamics and negotiate with payers around both performance based rewards and even capitated payments.
Benefits of Attending Webinar
As value based delivery and other financial pressures related to the Health Reform Act become closer to reality, Clinical Integration becomes essential. Successful organizations will need to adapt their delivery framework to adjust from pure fee for service to performance based reimbursement by fundamentally redesigning how care is delivered.
Key Takeaways
Participants in this webinar will learn how to be successful in the next era of health reform by:
- Partnering effectively with physicians
- Developing the required infrastructure
- Effectively reducing the costs of delivery
- Managing financial risk
About FTI Consulting
FTI Consulting Healthcare Solutions is dedicated to helping organizations protect and enhance enterprise value in an increasingly complex environment. FTI's services include change management, financial advisory and specialized consulting services for healthcare providers and other healthcare businesses. Our full range of integrated services focuses on operational, clinical, quality and financial improvement, as well as, financial restructurings, turnarounds, regulatory compliance, and litigation support.
