Insights From Successful Model for ACOs: Marshfield Clinic's Role in the Medicare Physician Group Practice Demonstration
The Marshfield (Wis.) Clinic, with 800 physicians at 50 sites, was one of the highest achievers in the model program for accountable care organizations, the Medicare Physician Group Practice Demonstration, which lasted from 2005 to March 2010. Here Theodore A. Praxel, MD, medical director for quality improvement & care management at Marshfield, describes what the demonstration required, how Marshfield responded and how the experience might compare to ACOs. Click to continue »20 Hospital Leaders Named in August 2010
Here are 20 hospital presidents and CEOs named in Aug. 2010. Click to continue »Philadelphia's Pennsylvania Hospital Names Executive Director
Penn Medicine has announced the appointed of R. Michael Buckley, MD, as executive director of Pennsylvania Hospital in Philadelphia, according to a health system news release. Click to continue »Physicians Dominate List of Highest-Paying Jobs in 2009
Physicians dominated CNBC's 2010 list of the highest-paying jobs in the United States, with surgeons, anesthesiologists, oral and maxillofacial surgeons, orthodontists and obstetricians and gynecologists making up the top five, according to a CNBC report.
Click to continue »Virginia's Chesapeake Regional Medical Center Names CEO
Chesapeake (Va.) Regional Medical Center has named Wynn Dixon CEO, according to a Virginian-Pilot report. Click to continue »California Legislature Approves Measure to Pay New L.A. County Hospital a Higher Rate for Treating Medi-Cal Patients
The California Senate has approved legislation that would reimburse a new private hospital in south Los Angeles County for Medi-Cal inpatient services at 60 percent of cost, according to a Los Angeles Times report. Click to continue »AMGA Launches ACO Development Collaborative
The American Medical Group Association has launched the ACO Development Collaborative, with 19 medical groups across the country participating, according to an AMGA news release. Click to continue »Hospital Leader to Know: Edward Prunchunas, CFO of Cedars-Sinai Medical Center
As CFO and senior vice president of finance of Cedars-Sinai Medical Center in Los Angeles, Edward Prunchunas is tasked with keeping the renowned hospital financially stable and providing patients with a sound, understandable billing process. During his tenure at the hospital, he has been involved with innumerable initiatives to increase profits, improve billing and collections and incorporate technology into financial processes. Click to continue »3 Ways Hospitals Unintentionally Waste Money
Even as hospitals across the country increase their focus on reducing costs through job cuts and other efforts, they may be losing money in unexpected places. Here Andy Day, managing principle of the Hospital of the Future team in GE Healthcare's Performance Solutions business, shares three ways your hospital may be wasting resources — and how to reverse that cash flow to benefit your facility.
Click to continue »Physician Involvement Key to Successful Accountable Care Organizations
Many hospitals are currently rushing to develop accountable care organizations, but physician involvement in the development and initial structuring of many of these networks has been minimal, says Mark F. Weiss, JD, a healthcare attorney with Advisory Law Group in Los Angeles, who generally represents physicians and physician groups. Looking back at the history of healthcare networks, a lack of physician involvement and engagement has typically led to failure. Thus, it is critical that ACOs involve physicians in their development efforts if they wish to be successful. Click to continue »
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