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Modernizing Clinical Communications, Analytics, and the Revenue Cycle Process in the Era of ACOs. Jason Tipton , Director of Value Operations – Holston Medical Group Jim Lacy , CFO & General Counsel - ZirMed. Jim Lacy , CFO & General Counsel ZirMed. Learning Objectives.
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Modernizing Clinical Communications, Analytics, and the Revenue Cycle Process in the Era of ACOs Jason Tipton, Director of Value Operations – Holston Medical Group Jim Lacy, CFO & General Counsel - ZirMed
Learning Objectives • Identify the clinical and financial challenges that provider organizations face when moving to an ACO model • Assess the workflow, process improvements and strategies that HMG implemented while becoming an ACO • Evaluate the internal challenges and determine which tools, technologies and processes could be applied to their organization • Help attendees sort through the high volume of ACO advice to cut through the noise
The Technological & Financial Challenges Operating in an ACO World • Changing market needs and regulatory requirements • Integration of healthcare IT systems • Exchange of clinical data on patient referrals and engagement • Expanding regional storage and of patient records and documents • Selecting the appropriate reimbursement model • Understanding and navigating risk
Powering ACOs & Reimbursement “A health information technology platform that connects providers in the ACO is essential, along with a strong financial database and reporting platform.” -- Commonwealth Fund*
How will new payment models impact your revenue? Risk • Not being paid for all of the care your organization has provided Opportunity • Improve the quality of care you provide while becoming more efficient and getting paid more for the care you’ve provided
Holston Medical GroupOnePartner HIEQualuable Medical Professionals – “ACO” Scott R. Fowler, JD, MD, FACOG
Holston Medical Group • Established 1977 – Kingsport, Tennessee • 150 primary care physicians, specialists and mid-level providers • Preventive medicine focus • More than 80 primary-care providers • Emphasis on electronic medical record utilization, clinical research and integrated health management • Focused on delivering latest advanced technologies and treatment
How to Succeed – In a Value Based World • Provide the highest quality of care with limited resources • “Do more with less”
Clinical & Financial Challenges: The Shift from Volume to Value • Integrating data from multiple different PMS & EHR systems • Aggregate cost data • Aggregate clinical data • Achieving the most critical success factor for ACO: Patient and Provider Engagement • Patients engaged in management / compliance • Providers engaged with patient and comprehensive record • Providing easy real-time access to comprehensive data from multiple sources
ACO Financial Models • Bundled Payments • Capitation-based • Combination • Medicare Shared Savings
HOW HMG Built an ACO • Collaborative intelligence • Leveraging economies of scale • Chronic disease management • Less touch required throughout revenue cycle • Incorporating the right technology • Coordinating clinical data • Workflow solutions • Analytics
5 Essential Components • Patient / Doctor Engagement • Interactive Data • Footprint – Economies of Scale • Patient Lives • Brand
Is It Working? Success Metrics • Contracts / renews • Financial Results ($)
Thank You! Scott Fowler, MD Scott.Fowler@HolstonMedicalGroup.com 423-857-2091 Jim Lacy Jim.Lacy@ZirMed.com 502-779-4302