We host a Lunch and Learn series.
Cash vs Accrual Accounting: Dive into the fundamentals of cash vs. accrual accounting, understand the key differences, and the impact on financial reporting and decision-making. Specifically review of key computation components of Accrual based accounting, as well as the crosswalk of calculations that bridge the two methods. Additionally, specific line items were reviewed for essential monthly review and tracking.
Billing & Coding/ Reimbursement Overview: This 2-part session covers essential principles of billing and reimbursement systems. Gain a deeper understanding of how these processes impact revenue cycles, compliance, and overall financial performance. Learn the latest trends and challenges in reimbursement and strategies to optimize revenue.
Key Performance Indicator I Reports: Discover the power of data-driven decision-making as we walk through the selection of relevant KPIs, how to interpret KPIs reports effectively, and use insights gained to drive performance improvement. Specifically, a detailed explanation as the basis for computation of each component, as well as particular metrics to carefully monitor. Additionally, a review of the two different KPI reports and applications (finance & clinical vs clinical only)
Proformas & Contracts: This session will review the intricacies of Proformas and the new UI Health Contract management system. Walk through the Proforma template with updated links to industry specific benchmarks, malpractice costs, etc. as well as the system efficiencies introduced with revised contract routing. Specifically review of proforma format for use for new/replacement faculty, APPs, staff, and clinical programs. Aligning with the MSP financial statements, the review included core components essential to the estimation of financial impact for the proposed hire/program.
Value-based/Risk-based Contracts: Explore the spectrum from traditional fee-for-service models to value-based contracts that incentivize quality, cost-effective care. Understand the principles and mechanics behind value-based and risk-based contracts with bundled payments, and capitation and the current state within the MSP. Specifically, review the healthcare payer landscape, application to the MSP current contracts and payer relations, as well as forecast for near- and long-term evolution of clinical services migrating from fee-for-service (FFS) to Pay-for-Performance (P4P).
Incentive Processing: Delve into the intricacies of incentive processing including design, implementation and management of incentive payments in order to optimize incentive program effectiveness.