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Recent News Releases
Healthcare reform will realign supply chain with C-suite
Healthcare Purchasing News
November 2011--Back Talk
By: Kevin L. Shrake, FACHE, Executive Vice President & COO of MDR™
Click Here to read the full article
Do you really have revenue cycle covered?
Hospital Impact, October 26, 2011
By: Kevin L. Shrake, FACHE, Executive Vice President & COO of MDR™
Click Here to read the full article.
M*D Resources, Inc. Announces New Brand: MDR™
By: Greg Eisele, FACHE, President & CEO of M*D Resources, Inc
Published August 2011 (Click to download PDF version)
Fresno, CA, August 22, 2011 – The following is a press release recently issued by Greg Eisele, FACHE, President & CEO of M*D Resources, Inc:
As a result of our recent Annual Partner Meeting, which included our industry leading “best practice” Solution Partners, we accepted the challenge provided by our Partners to, "simplify" and "clarify" M*D Resources’ message to its’ constituents, colleagues, and customers; and to create a “world class brand” through which M*D Resources and its “best practice” Solution Partners would affiliate and “co-brand” their commitment in working together.
M*D Resources to Present at the Upcoming SHSMD Annual Conference
Society for Healthcare Strategy and Market Development Annual Conference
September 14-17, 2011 in Phoenix, AZ
Kevin Shrake, EVP & COO for M*D Resources will be presenting at the upcoming SHSMD Annual Conference on Thursday, September 15th. The presentation is part of the Industry Trends & Innovations Session which will focus on "Gaining Value from a Collaborative Community Needs Assessment".
In addition, there will be an Executive Round Table discussion led by Kevin on September 15th from 12:30-1:30pm. The discussion will focus on how healthcare strategists and marketing executives can support efforts to improve margin in the era of healthcare reform.
For additional information please visit, www.shsmd.org/shsmd/conference/index.html
American Hospitals--Averting a Crisis in Declining Revenue
By: Jan Jennings, President and CEO of American Healthcare Solutions
Published June 2011 (Click to download PDF version)
The W.K. Kellogg Foundation identified in the early 1930s that the management of hospitals needed to be improved and the American College of Hospital Administrators (now the American College of Healthcare Executives) was formed in 1933. In the period from 1933 to 1954, ten programs in healthcare administration were formed. There is a dispute among alumni programs as to which program was first. My vote goes to the Kellogg School at Northwestern University although people of honest endeavor interest disagree . vigorously. I graduated from the Graduate Program in Health Administration at the University of Pittsburgh; the first Graduate School of Public Health in the United States.
Healthier Communities Through Collaboration Online Conference: Tools and Techniquies for Better Outcomes in an Era of Healthcare Reform
Posted: January 27, 2011
Conference Date: February 3, 2011
Time: 11:00am EST
Communities around the globe face a variety of significant challenges to making real gains in community health. From the threat of chronic disease to increased costs and limited resources, public health leaders must think and practice differently in order to achieve meaningful improvements.
Spend Analytics and Revenue Cycle in the Era of Healthcare Reform
National Healthcare Reform Magazine
By: Kevin Shrake, EVP & COO for MDR™
Published on November 4, 2010
(Permission to post the article was granted by National Healthcare Reform Magazine)
Introduction
Healthcare reform is unfolding and beginning to provide a glimpse into the future. Although the details of the reform bill will undoubtedly change between now and 2014, there are some logical assumptions that can be made to anticipate what might be in store for healthcare executives. There will be change, because the current course simply cannot be sustained. Challenges will include finding ways to reduce costs, manage revenues, improve efficiencies and have an engaged workforce, all while assuring a quality experience for patients and families. The key to success in this environment will be linked to an ability to function as “Spend Analytic and Revenue Cycle Experts.” Managing revenue cycle, analyzing costs and allocating resources in an efficient manner using “best of class” solutions, will allow healthcare organizations to thrive in the era of healthcare reform.
Recently Released Research Paper on Spend Management Solutions for the Healthcare Industry
(Spend Analytics / Data Cleansing)
October 2010
Research Study Conducted By: Robert Handfield, PhD (NC State University)
This summer, an NC State research team was assembled which performed a thorough evaluation of spend analysis "best practices". The study surveyed the landscape of different providers of spend management in the healthcare industry. This included Group Purchasing Organizations (GPO’s), ERP system providers, specialized software providers, and distributors. The five major categories of spend management assessed at each of these organizations included data cleansing, spend analytics, contract management, technology enablement, and customer service/responsiveness.
Loss of 15 Months for Additional Reimbursement
September 2010
Hospitals Need to Act Now!
Currently CMS allows the rebilling of outpatient claims from October 1, 2008 to the present. This year, however, CMS changed the timely filing guidelines for retroactive billing. After December 31, 2010, healthcare organizations will no longer be able to collect the lost reimbursement dollars from October 1, 2008 through December 31, 2009.
Curiosity Can Pay--Right Questions Can Help Find New Revenue Sources
Modern Healthcare, August 16, 2010
By: Kevin Shrake, EVP & COO for M*D Resources
(Permission to post the article was granted by Modern Healthcare, www.ModernHealthcare.com)
A key trait of effective executives is to ask the right questions of your team. I have a recent example related to revenue cycle where taking a “deeper dive” into the operations proved beneficial.
Who took my money?
August 2010
By: Robin Bradbury, Lead Revenue Cycle Advisor
On June 25, 2010, President Obama signed into law the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (HR 3962). This law effectively removed a valid opportunity to retroactively and prospectively unbundle Medicare inpatient claims that had outpatient charges "bundled" when the charges were non-diagnostic in nature, did not "relate" to the inpatient diagnosis and were within the three day window prior to the inpatient admission.
"Iron sharpens iron, so one man sharpens another." Proverbs 27:17
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