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Anesthesiologists in the ICU: Economics and Other Considerations

Very few private anesthesia practices provide services in their hospitals' intensive care units (ICUs). The lack of enthusiasm for staffing the ICU relates directly to a perception that ICU coverage is not as profitable as operating room (OR) coverage. The entire Anesthesia Business Consultants client database only yields a few examples of private ...
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CMS Releases MACRA/QPP Year 2 Proposal: Highlights for Anesthesiologists and Nurse Anesthetists

SUMMARY Proposed guidelines for the second year of the Quality Payment Program (performance year 2018, payment year 2020) would exempt many (but not all) anesthesia providers from the requirement to participate by increasing the low-volume thresholds for Medicare Part B from $30,000 in allowed charges or 100 beneficiaries to $90,000 or 200. We...
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Effective Governance: Who Decides What?

Will Latham, MBA President, Latham Consulting Group, Inc., Chattanooga, TN Over the years, you may have heard the old saying that "Nothing happens until someone sells something." With regard to anesthesia groups, we have found that "Nothing (good) happens until the group has effective governance."Without effective governance: The group lacks the ab...
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What Are Comparative Billing Reports and Why Should Anesthesia Groups Care About Them?

SUMMARY CMS has sent approximately 8,000 anesthesia practitioners a CBR on anesthesia for lower endoscopy. These data-driven reports show clinicians how their billing patterns compare with those of their peers at the state and national levels. We request that our clients send ABC a copy of this CBR or any other CBR that they receive so that we can ...
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Why Your Compliance Efforts May Be Worthless

It's a riddle almost as inscrutable as that of the Sphinx: How can a physician or pharmacist or facility owner be convicted of a federal crime for violating a state law? The answer is, unfortunately, quite simple, quite questionable and quite dangerous. It turns what many think about federal healthcare law compliance on its head.It signals that man...
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A Medicaid Myth: News for Anesthesia Practitioners

​Summary A recent survey by the Commonwealth Fund debunks the commonly-held belief that Medicaid offers an inferior level of care. According to the survey, Medicaid enrollees report better care experiences than the uninsured and similar experiences as the privately insured; receive preventive services at higher rates than the uninsured; and ha...
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Building Professional Resilience: Strategies For Anesthesia Practitioners

Brianna Barker Caza, PhD Associate Professor, Asper School of Business, University of Manitoba, Winnipeg, Manitoba, Canada M. Teresa Cardador, PhD, MPH Assistant Professor, School of Labor and Employment Relations, University of Illinois at Urbana-Champaign, Champaign, IL It is becoming all too common for physicians to report feeling overwhelmed by...
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Anesthesia Practitioners: CMS Prepares for New Physician Compare Star-Based Rating System

SUMMARY A new five-star quality rating system for clinicians and group practices will become part of the Physician Compare website in late 2017. The purpose of the system is to help patients and others make more informed choices. The ratings will be based on data from the Physician Quality Reporting System in the first year, and, in later years, dr...
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Predictions for Healthcare in a Trump Era

Healthcare has been the talking point for generations, but its presence has been even more pronounced since President Obama's election in 2008. Such discussions have revolved around passing comprehensive healthcare reform, passing the Affordable Care Act (ACA or "Obamacare"), repealing the ACA and replacing it with the American Health Care Act of 2...
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AI and Machine Learning in Healthcare and Anesthesia: Where Are We Going?

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

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 h...
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The Perioperative Surgical Home: Preoperative Risk Stratification, Optimization and Value

Payers, patients and partners are demanding better outcomes, and evolving healthcare paradigms are begging for greater anesthesia engagement. If you have been following this series, then you already know that the perioperative surgical home (PSH) is the answer to the call and the future of our specialty. What you may not know is how easy it can be ...
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Cybersecurity News and Best Practices for Anesthesia Groups

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.Of special note for hospitals and healthcare professionals—anesthesiologists and nurse...
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Preparing for the Financial After-Life

Depending on how much fun you're having in the OR each day, at some point, you may decide to "discontinue full time professional engagement." Please note that I did not use the "R" word or the "W" word. With so many negative connotations, including declining physical and mental abilities and boredom, retirement, in the traditional sense of the word...
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Negotiating Exclusive Hospital Arrangements: Strategies for Anesthesia Groups from AIAPM (Part 2)

SUMMARY The current healthcare environment requires anesthesia groups to demonstrate the value they bring to their institutions. Practices interested in keeping exclusive arrangements with their facilities should stay abreast of how they are perceived by patients, surgeons and administration; take steps to address any problems; deal quickly and eff...
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Anesthesiologists in the ICU: Economics and Other Considerations

Very few private anesthesia practices provide services in their hospitals' intensive care units (ICUs). The lack of enthusiasm for staffing the ICU relates directly to a perception that ICU coverage is not as profitable as operating room (OR) coverage. The entire Anesthesia Business Consultants client database only yields a few examples of private ...
Continue reading
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Negotiating Exclusive Hospital Arrangements: Strategies for Anesthesia Groups from AIAPM (Part 1)

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. In a session at the rec...
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Effective Governance: Who Decides What?

Will Latham, MBA President, Latham Consulting Group, Inc., Chattanooga, TN Over the years, you may have heard the old saying that "Nothing happens until someone sells something." With regard to anesthesia groups, we have found that "Nothing (good) happens until the group has effective governance."Without effective governance: The group lacks the ab...
Continue reading
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Leverage Technology to Improve Your Anesthesia or Pain Practice: Nine Takeaways from AIAPM

SUMMARY Strategic business planning, including identifying your anesthesia group's strengths, weaknesses, opportunities and threats; analyzing the impact of external political, economic and other forces, and developing a mission and vision statement is essential for leveraging and making intelligent decisions regarding technology in the current env...
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Why Your Compliance Efforts May Be Worthless

It's a riddle almost as inscrutable as that of the Sphinx: How can a physician or pharmacist or facility owner be convicted of a federal crime for violating a state law? The answer is, unfortunately, quite simple, quite questionable and quite dangerous. It turns what many think about federal healthcare law compliance on its head.It signals that man...
Continue reading
230 Hits
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