Four years after the signing of Dodd-Frank, financial services firms have a better understanding of both the challenges and potential benefits for their organization. While financial institutions are starting to get a better grip on Dodd-Frank reforms, one area where regulators are still coming to grips with and finalizing guidelines is incentive compensation. In fact, Section 956 was […]
Regulatory Compliance
ACA and QRS – Shoot for the Stars Part 3
In ACA and QRS – Shoot for the Stars Part 1, I laid out the overall domains that are going to be used to score QHP plans offered through the Marketplace. In Part 2, I discussed some factors to consider for the data derived measures. In this blog, we will take a closer look at […]
Transform for Tomorrow: Navigating New Forces in Financial Services
New market forces and key drivers have forced financial services companies to redefine the way they do business with consumers and corporate clients. To enable long-term competitiveness, firms are thinking about new ways of thinking, innovation and executing winning business and technology strategies around: growth and profitability, new business models, risk management and efficiency and […]
ACA and QRS – Shoot for the Stars Part 2
In ACA and QRS – Shoot for the Stars Part 1, I laid out the overall domains that are going to be used to score QHP plans offered through the Marketplace. In this blog, we will take a closer look at the data derived measures and what factors a QHP issuer should consider to achieve […]
ACA and QRS – Shoot for the stars! Part 1
Last month I posted “ACA’s Quality Rating System – An opportunity to gain market share”, which explained how QHP issuers can gain market share in the individual space. In that blog I mentioned that, as part of the Quality Rating System, plans offered on the Marketplace will receive a “Star” rating based on a 5 […]
5 Things You Won’t Want to Miss at #SIFMATech 2014
The key drivers of global finance and new technology forces have converged on the financial services industry forcing firms to adapt and transform their business in order to win market share and operate more efficiently. Our financial services team is excited to head to New York next week to participate in the discussions at SIFMA Tech around how technology […]
Changing Delivery and Spending of Medicaid through DSRIP
Well, folks, here’s another acronym for you to add to your healthcare dictionary…DSRIP. DSRIP, or more formally known as the Delivery System Reform Incentive Program, is a demonstration program through the Centers for Medicare and Medicaid Services (CMS) that is designed to result in achieving the triple aim: better care for individuals, better health for […]
How Enterprise Mobility Management Can Improve Patient Care
Healthcare is an ever-changing industry, and healthcare organizations continue to face the challenge of improving the quality of care while remaining compliant with industry standards. Depending on the diagnosis, the patient journey can include transfers between acute, post-acute, ambulatory care and home-health care organizations. As a result of these often-frequent transitions in care settings, the […]
Improve care coordination with direct secure messaging #HIMSS14
Direct secure messaging (DSM) is a transmission standard promoted by the Office of the National Coordinator for Health Information Technology that meets the Meaningful Use Stage 2 requirements of electronic health records (EHRs). It works much the same way as regular email, but the message is encrypted, which prevents unintended use of the protected health […]
Balancing clinical effectiveness with profitability – #HIMSS14
A former boss of mine, who happened to be the CFO of a large academic medical center, used to say the phrase “no margin, no mission” all the time. I’m not sure I really took the time to understand it at that point in time, but I have since then, “grown up”. My understanding of […]
Manage health system costs with insightful analytics – #HIMSS14
Healthcare systems must be able to provide timely and accurate financial information for decision making and planning. Many hospitals and health systems are targeting hefty reductions in their operating budgets to maintain financially viable without interrupting investments in facility, information technology and other areas needed to remain competitive. This cost management culture requires organizations to […]
Agile Forecast Planning for Healthcare Providers – #HIMSS14
In today’s rapidly evolving healthcare environment, provider organizations must be able to identify financial performance gaps continuously and quickly change course when needed. As we discussed in my blog: Elevating the Role of Finance within the Hospital, this requires a partnership with operations to ensure that the correct metrics are correlated within the budget process, […]