Lee Allen

Check out the latest #Leadership Reverie blog post “Look. Listen. Feel.”

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The math is real simple. Input costs to care have risen by 17.5% from 2019 to 2022 while reimbursement rates have only increased 7.5%. The AHA's own report titled The Cost of Caring dated April 2023 digs deep into many confluences that have driven cost up. Labor costs, Supply costs, and drug cost for instance. FTE contract expense rose by over 200% from 2019 to 2022. This rise in contract labor expense fueled for a large part an increase in overall labor expense. Worse, there is a nationwide shortage of nurses. Medical supplies per patient have increased over 15% between 2019 and 2022. Healthcare system supply chains need to undergo a deep evaluation of every facet of of their supply chain cost. From understanding raw material cost, container rates, bunker fuel prices and a reimagining of the logistics and distribution model, Healthcare supply chain is one of the least transparent supply chains with national security implications. https://lnkd.in/efwD4a6W

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Check out the latest #Leadership Reverie blog post “The art of improversation”

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Evaluating provider productivity metrics by service line for use in an incentive compensation program during the National Association of Community Health Centers (NACHC) Financial & Operations Management training. I believe that incentive compensation is an essential retention tool in 2024.

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Good strategy! Focus internally on Margin Improvement, what data do you need to make informed decisions?

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The experts, experts. Worth a watch, discussion, and planning as to how your plan can leverage technology to compete and win in the ever-changing regulatory environment. Be ahead of the change.

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States are continuing to implement their own regulations before the implementation of CMS rule 0057. Are you ready? We can help at Itiliti Health. Learn more at www.Itilitihealth.com. #priorauthorization #CMScompliance #Itilitihealth

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https://lnkd.in/eevX_cVF The out-of-pocket cost maximum is something employees consider carefully when choosing a health plan.  Vanderbilt Health Employer Solutions' MyHealth Bundles program offers comprehensive care with minimal out-of-pocket expenses for patients, making it an attractive benefit for both current and potential employees. Learn more at  https://lnkd.in/gzxVD4uK

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If the definition of insanity is doing the same thing over and over and expecting different results, then why do hospitals still spend thousands to deploy interim nurse leaders and hope to see improved quality metrics? Stop the insanity and start a Transitional Leadership project with HealthLinx - with guaranteed financial benefit and performance improvement. #TransitionalLeadership #HealthLinx #NursingLeadership #STOPtheInsanity

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Join Dr. Chick in this week's episode of What's Chick Thinking as he discusses the importance of National Patient Experience Week from the perspective of a doctor and podiatrist. Tune in to gain insight into how healthcare professionals strive to provide the best possible care for their patients. What are some things you do to strive for the best experience for your patients? #PatientExperienceWeek #MedicalEducation #PodiatryStudent #Podiatry #PodiatricMedicine

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The following article provides an update on progress since last year and lays out new work in 2024 being done in three areas. #healthequity

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Medicare Advantage Plans continue to be a top 10 watch and discussion for Revenue Cycle Executives and leaders. Weekly review, vetted and quantified trends and data discussions are key to contract negotiations as well a managing payor performance.

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As of late, healthcare has become a favored target of hackers. Disruption of operations and patient care is a risk no healthcare entity can afford. Project Balackout Blueprint is a business-led, not IT-led, program that brings together operational leaders to develop a resiliency plan for ensuring minimal or no disruption to patient care or enterprise business functions. Equip your team with clear protocols and communication strategies to respond effectively in any crisis. Don't wait for disaster to strike. Take action today! #hla #proveninsight #pbb

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Something to consider for #vbc: The average Medicare beneficiary sees two specialists, and 30% of beneficiaries see five or more(!). Managing VBC contracts with multiple providers and overlapping episodes can be complex (think a pregnant woman with diabetes, a diabetic/CHF patient undergoing hip replacement). Some helpful ideas in the blog here (e.g. the importance of provider transparency), but of course, it's all about the specifics of your situation.

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