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Tool/Resource of the Month: Red Flag Compliance Document

Just released from the American Health Lawyers Association—and distributed by HIMSS through its online store, two valuable resources combined into one document will help healthcare providers understand and navigate the requirements of the Federal Trade Commission’s new Red Flag Rules. Red Flag Compliance for Healthcare Providers: Protecting Ourselves and Our Patients from Identity Theft and Red Flag Rules Resource Guide will allow providers to craft identity theft prevention programs without running afoul of other healthcare regulatory provisions. The Red Flag Rules require creditors, including healthcare providers, to define, identify and respond to suspicious activity that could indicate identity theft. The regulations take effect on May 1. Written by Patricia D. King, Esquire and Rebecca L. Williams, Esquire, this document offers practical, step-by-step implementation guidance so healthcare providers can be compliant while also observing complex healthcare regulations. Visit the HIMSS Online Store for more details or to purchase the documents.

Upcoming Events

Developing a Plan to Prepare the Organization to Meet ARRA Requirements (Two-part Webinar Series)

Part 1: Components of a Medium-Sized Community Hospital's Plan
April 29, 11 am Central Time

Part 2: Components of a Small Community Hospital's Plan for ARRA
June 17, 11 am Central Time

HIMSS MiddleEast09 Healthcare IT & Management Excellence
May 5-7
Manama, Bahrain

HIMSS Virtual Conference & Expo
June 9-10

 

Call for Participation: Financial Edge

Share your feedback on Financial Edge. Let us know what you’d like to see in future issues and if you’d like to participate in planning and developing newsletter content. Contact Pam Matthews, CPHIMS, HIMSS senior director, healthcare information systems, or Nancy Vitucci, HIMSS manager, publications.

 

Value of Hospital Care Varies Widely

Healthcare Finance News logo

By Richard Pizzi, Editor

The value of care offered to hospital patients can vary by as much as 40 percent across the United States, according to a recent study examining quality, affordability, efficiency and patient satisfaction at more than 3,000 hospitals.

Read more.

 

April 2009, Vol. 2, No. 4

Welcome to Financial Edge

Thank you for subscribing to Financial Edge, HIMSS’ financial systems eNewsletter—your source for the latest issues and emerging trends focused on financial systems and related technologies within healthcare delivery.

Share Financial Edge with colleagues, co-workers, friends and anyone involved in connecting clinical and financial systems. If you have received this issue as a courtesy and would like to receive future issues, click here to subscribe.

Story ideas and other comments can be emailed to Nancy Vitucci, Manager, Publications.


HIMSS09— Economic Stimulus, Chicago’s Central Location Attract Attendees to the Largest Annual Health IT Event in the U.S.

Earlier this month, the health IT industry gathered in Chicago for the 2009 Annual HIMSS Conference & Exhibition. During HIMSS09, the industry’s biggest event, an estimated 27,500 attendees participated in more than 300 education sessions, including sessions that focused on the role financial systems play in healthcare delivery and that addressed the health IT provisions in the American Recovery and Reinvestment Act of 2009; visited the exhibition with more than 900 exhibiting companies—including 200 vendors who exhibited for the first time, showcasing the latest healthcare innovations; and networked with colleagues from across the country and around the globe. Next month’s issue of Financial Edge will feature recaps from some of the Financial Systems education programs, as well as feedback from attendees.

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Hard Science and Soft Science Work Together to Improve Patient Flow

By Christy Dempsey, RN, BSN, MBA, CNOR

Nursing shortages/staffing, physician shortages, ED overcrowding, ORs bursting at the seams, diversions, medical errors, quality of care, costs skyrocketing, reimbursement plummeting... These issues are in the hearts and minds of hospitals and healthcare policy makers.

How can hospitals address these issues? One effective and sustainable way is by managing variability in patient flow, looking at staffing patterns and securing a collaborative commitment by hospital and physician leaders to execute a performance and quality improvement strategy. This process combines the soft science of change management, utilizing physician support and strong leadership commitment with the hard science of real-time data analysis.

This process should take the form of a phased approach. Using rigorous data analysis and proven operations management strategies, such as queuing theory and simulation modeling, along with the management of political, social and financial management issues, allows each phase to build upon the previous phases. Political issues related to physician recruitment and retention, strategic planning and the marketplace must be taken into account and considered either constraints to work around or opportunities for improvement. Social issues include lifestyle matters often centered around call responsibilities, clinic hours and hospital obligations for physicians. Financial management concerns include physician compensation, contribution margin, and reimbursement. All of these issues must be considered when implementing any full scale improvement project such as organizational patient flow improvement. This process of collaboration and operations management science builds trust, communication and a track record of success for both the project and the organization overall.

Each phase culminates in a trial implementation period at which time processes are tweaked based on data and operations management techniques until the optimal process is achieved. Important for the success of this methodology are transparency and consistency in sharing metrics associated with performance improvement, quality, safety and patient flow. This dynamic process assures active participation of both physicians and hospital leadership and the realization of progress. The group then becomes a team of passionate change agents who identify opportunities for improvement and obstacles to progress. 

A prime example of this collaborative approach can be found in the patient flow improvement projects undertaken at St. John's in Springfield, Mo, WellStar Kennestone in Marietta, Ga., and Heartland Health in St. Joseph, Mo. The efforts of these three hospitals have resulted in quality improvement and financial gain in terms of cost reduction and revenue enhancement. The hospitals significantly improved urgent/emergent OR waiting times, reduced peaks/valleys in the elective census and, in the process, improved the physician and hospital relationship. 

Christy Dempsey, RN, BSN, MBA, CNOR, is senior vice president for clinical operations of PatientFlow Technology, Inc. Ms. Dempsey is a registered nurse with over 20 years experience in perioperative nursing, perioperative and emergency services management, supply chain and materials management and physician/hospital collaboration. In her role as SVP of clinical operations, she serves as project director and clinical/operational expert for PatientFlow Technology client implementations.

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HIMSS10 Call for Proposals Open Through May 29; Topic Categories Include Financial Information Systems

It’s not too early to start thinking about the 2010 Annual HIMSS Conference and Exhibition, March 1-4 in Atlanta. The HIMSS10 Call for Proposals is open now through Thursday, May 29. The proposal form and details on intended audiences, topic categories—including Financial Information Systems, and evaluation criteria are available online. The Call for Proposals closes at 5 pm Central Time on May 29.

Individuals with questions regarding submitting a Financial Information Systems proposal, including how to best frame your proposal, can contact Adam Bazer, manager of education, HIMSS, at abazer@himss.org or 312-915-9257.

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