Anesthesia Business Consultants

Weekly eAlerts Covering Regulatory Changes, Compliance Reminders &
Other Changes in the Anesthesia Industry

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Anesthesia Industry and Market News: eAlerts

eAlerts are the latest industry information regarding regulatory changes, helpful compliance reminders, or any number of relevant topics in the fast-paced, ever-evolving specialty of anesthesia.

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eAlerts

  • Anesthesia Practitioners: CMS Prepares for New Physician Compare Star-Based Rating System

    June 26, 2017

    In late 2017, the Centers for Medicare and Medicaid Services (CMS) will implement a new benchmark and five-star quality rating system for clinicians and group practices on Physician Compare, the website mandated by the Affordable Care Act (ACA) to help patients, families and caregivers make more informed choices regarding healthcare services.  The changes will ramp up the level of information readily available to patients and others about clinician and group practice performance on clinical quality measures, and push healthcare providers, including anesthesia providers and pain specialists, into a new phase of accelerated transparency.  Healthcare consumer sites such as Healthgrades and Vitals are likely to incorporate the information into their own portals.

  • Attitudes About Aging and End-of-Life Care: What Anesthesia Providers Should Know

    June 19, 2017

    U.S. Census Bureau projections indicate that Americans 65 and older will make up 24 percent of the U.S. population by 2060.  A majority of adults in the U.S. say that the government is “not too prepared” or “not at all prepared” to deal with the aging population, according to a recent survey conducted by the Kaiser Family Foundation in partnership with The Economist.  This study covered views and experiences related to aging and end-of-life medical care in the U.S., Italy, Japan and Brazil, among a nationally representative sample of adults ages 18 and older.

  • AI and Machine Learning in Healthcare and Anesthesia: Where Are We Going?

    June 12, 2017

    The growth of big data, advances in software and hardware, and the development of cloud-based business models are fueling an explosion in the use of machine learning (artificial intelligence), particularly in healthcare. All clinicians, including anesthesiologists and nurse anesthetists, are likely to find themselves incorporating ML tools and capabilities into their practices in the not-toodistant future. We offer an overview of ML’s current and future applications in healthcare and medicine, including its strengths and limitations, as well as strategies for avoiding pitfalls.

  • An AHCA (H.R. 1628) Update for Anesthesia Groups

    June 5, 2017

    The latest version of the House bill to repeal and replace the Affordable Care Act, passed in early May, would reduce the federal deficit by $119 billion and result in 23 million additional uninsured Americans by 2026 compared with current law, according to a new report from the Congressional Budget Office and the Joint Committee on Taxation. We highlight key findings from the report and provisions of the revised bill, including the MacArthur and Upton Amendments related to patients with pre-existing conditions, and review responses from organized medicine and groups both for and against the proposal.

  • Anesthesia Business Consultants Approved as a QCDR for 2017

    June 1, 2017

    ABC is pleased to announce that for the second year in a row it has been approved to be a Qualified Clinical Data Registry (QCDR) for the 2017 reporting year via its company-developed MiraMed QCDR.

  • Cybersecurity News and Best Practices for Anesthesia Groups

    May 30, 2017

    Do the names WannaCrypt or WannaCry mean anything to you? They well might, by now. In a global cyberattack that began on May 12, 2017, this aggressive form of ransomware infected more than 300,000 Windows PCs in 150 countries across Europe, Latin America and Asia.

  • Negotiating Exclusive Hospital Arrangements: Strategies for Anesthesia Groups from AIAPM (Part 2)

    May 22, 2017

    The current highly competitive atmosphere in anesthesia means that practices must be able to build and nurture solid relationships with their hospitals in order to win and keep exclusive contracts.

  • Negotiating Exclusive Hospital Arrangements: Strategies for Anesthesia Groups from AIAPM (Part 1)

    May 15, 2017

    In an anesthesia market rife with consolidation, mergers and acquisitions, the threat of shrinking payments due to new and complex payment programs, and general uncertainty on the regulatory and legislative fronts, the need for anesthesia groups to be solidly aligned with their hospitals is, at present, exceptionally strong.

  • Leverage Technology to Improve Your Anesthesia or Pain Practice: Nine Takeaways from AIAPM

    May 8, 2017

    The Advanced Institute for Anesthesia Practice Management (AIAPM), held the weekend before last in Las Vegas, offered anesthesiologists and CRNAs a wealth of practical advice on surviving and thriving in a complex and uncertain healthcare environment.

  • QR Versus QCDR for MIPS: Answers for Anesthesiologists and CRNAs That You Must Know for a Successful Practice

    May 1, 2017

    If, like most anesthesiologists and CRNAs, you are participating in the Merit-Based Incentive Payment System (MIPS) arm of the Quality Payment Program (QPP), you are probably aware of the various methods available for submitting data.  Two of the most important of these for anesthesiologists and CRNAs are the Qualified Registries (QRs) and the Qualified Clinical Data Registries (QCDRs) developed by third-party vendors that require approval by the Centers for Medicare and Medicaid Services (CMS).

  • Anesthesia Practitioners: Don’t Put Off Succession Planning

    April 24, 2017

    Considering the rigorous demands, complexity and pace of modern anesthesia practice, it’s not surprising that many anesthesia groups chronically delay thinking about succession planning.  Your group’s plate is already full dealing with everything in the here and now, from cybersecurity threats to MACRA compliance.  Succession planning doesn’t demand your attention at the moment, so why think about it when countless other, more pressing issues compete for your time?

  • Physician Burnout: An Update for Anesthesia Practitioners

    April 17, 2017

    The unwholesome cocktail of cynicism, exhaustion and feelings of inefficacy and apathy that has become universally known as burnout afflicts at least half of physicians.  And it is definitely an affliction, with far-reaching implications, not only for the distressed individuals, but also for the quality of care, patient safety, healthcare costs, physician turnover and patient satisfaction. Organizations tend to under-discuss it, but it’s not an issue that hospitals, health systems or individuals can disregard. A March 28, 2017 article on the Health Affairs blog by 10 health system CEOs calls burnout a national public health crisis and “a matter of absolute urgency.”

  • Acute Pain Management in Anesthesia: A Case Study

    April 10, 2017

    The specialty of anesthesia is in a constant state of evolution as practitioners seek new modalities to safely manage patients through the discomfort and trauma of surgery.  As providers experiment with new procedures, such as nerve blocks for postoperative pain management, ultimately, each new modality is evaluated on three levels:  technical expertise, clinical efficacy and financial viability.  The use of interscalene blocks for the management of postoperative pain associated with painful shoulder procedures provides us with a useful case study, highlighting the various prerequisites for a successful rollout of a new modality.

  • Your 2017 MACRA MIPS Composite Score: A Guide for Anesthesia Practitioners

    April 3, 2017

    The Medicare Access & Chip Reauthorization Act of 2015 (MACRA) marked the end of Medicare payment’s fee-for-service model and the beginning of a performance-based payment system, the Quality Payment Program (QPP).  Understanding how participation in the QPP will impact your payments begins with understanding the scoring system.

  • MACRA MadeEasy Platform: Your Platform for QPP Compliance

    March 29, 2017

    Fee-for-service has been the traditional methodology for reimbursements, but as CMS transitions to a pay-for-performance methodology, it is easy to get lost in the acronyms and the policy.

  • E-Prescribing and Other Opioid-Related News for Pain and Anesthesia Practitioners

    March 27, 2017

    Recent data regarding opioid-related deaths tell some harsh truths about the depth of opioid addiction in the United States.  In December, the Centers for Disease Control and Prevention (CDC) reported that the number of overdose deaths involving opioids rose from 28,647 in 2014 to 33,091 in 2015—an increase of nearly 5,000 deaths and the first time deaths in one year exceeded 30,000.

  • The American Health Care Act: An Overview for Anesthesia Practitioners

    March 20, 2017

    The House proposal to “repeal and replace” the Affordable Care Act (ACA), the landmark and controversial legislation that is a signature of President Barack Obama’s administration, indicates that the nation’s healthcare system could be heading for yet another upheaval.  Tomorrow (March 21, 2017) marks the seventh anniversary of the ACA.  Although there is still a high degree of uncertainty regarding what the final repeal-and-replace legislation will look like, or when it will appear, any changes to the ACA will have important implications for hospitals, health systems and healthcare professionals—anesthesiologists and nurse anesthetists included—as well as for patients.

  • 11 Building Blocks of a Safety Culture in Anesthesia—and Beyond

    March 13, 2017

    The fact that 125,000 fewer patients died due to hospital-acquired conditions in 2010-2015, resulting in a cost savings of more than $28 billion, shows healthcare’s capacity for large-scale improvement.  Anesthesia’s long history of safety improvements and innovations includes some significant recent safety gains as well.  The percentage of anesthesia-related adverse events dropped from 11.8 percent to 4.8 percent of procedures between 2010 and 2013, according to the Anesthesia Quality Institute’s (AQI) National Anesthesia Clinical Outcomes Registry (NACOR) of more than 3.2 million anesthesia cases.

  • Anesthesiologists: Innovate and Anticipate the ‘Next Play’ to Lead the Specialty’s Move to Value-Based Care

    March 6, 2017

    While many anesthesia practices are struggling to survive, others are thriving as they embrace the new challenges facing the specialty.  The American Society of Anesthesiologists’ Conference on Practice Management offered an excellent forum for the discussion of new ideas in this regard.  Today’s eAlert comes from the presentation by Daniel Cole, MD, immediate past president of the ASA.

  • Negotiating a Hospital Employment Contract: Smart Tips for Anesthesia Providers

    February 27, 2017

    Given the pace of change in healthcare—anesthesia included—and the challenges associated with negotiating an appropriate and reasonable stipend for your practice, the possibility always looms that if your anesthesia group can’t come to an agreement with your institution, of if your hospital system wants to employ all physicians, you will face hospital employment.  The good news is that this doesn’t happen very often with anesthesia.  Nevertheless, it remains a concern.

  • Hospital Drug Diversion Prevention: Strategies for Anesthesiologists, Nurse Anesthetists and Chronic Pain Specialists

    February 20, 2017

    • An endoscopy nurse drops syringes of fentanyl into a secret pocket in her uniform top and substitutes them with syringes containing saline.
    • A radiology technician with hepatitis C diverts unused fentanyl syringes intended for patients and five patients become infected with the virus.  One of the patients eventually dies from the infection.
    • A night custodian rummages through sharps waste containers and consolidates minuscule remaining fentanyl vials for his own use.