Insights into Pursuing Bundled Payment
Our Senior Vice Presidents Robert Minkin and Mark Dubow share their thoughts on pursuing bundled payments in this very informative article published by HFMA’s Strategic Financial Planning newsletter.
Posts tagged ‘The Camden Group’
3 Medical Specialties Most Pursued for Employment by Hospitals
Our Senior Vice President Robert Minkin was interviewed regarding hospital employment.
From Becker’s Hospital Review:
Hospitals today are increasingly employing physicians for a variety of reasons, including the desire to gain more control over referrals and to be prepared for movement towards the accountable care model. However, some specialties are markedly more sought after than others. Primary care, cardiology and surgical specialties such as neurosurgery and orthopedics are particularly attractive.
1. Primary care. The impending move toward accountable care within the healthcare landscape is a strong reason for hospitals to enlist primary care providers. With ACOs, a core concept is that the ACO shares in savings with Medicare. To qualify to be an ACO, an organization must have 5,000 or more beneficiaries managed by primary care physicians. The primary care physicians will oversee the management of care and direct services. As such, many hospitals looking to develop ACOs are working to build up their primary care provider base.
For the full article, click here: http://www.beckershospitalreview.com/hospital-physician-relationships/3-medical-specialties-most-pursued-for-employment-by-hospitals.html
3 Best Practices for Bundled Pricing From CMS’ ACE Demonstration Project Participants
Our Senior Vice President Robert Minkin was recently interviewed by Becker’s Hospital Review on best practices for bundled pricing.
From Becker’s Hospital Review:
Healthcare reform has created an impetus for hospitals and other healthcare providers to work together to provide more efficient, higher quality care. These efforts are likely to take many forms, and the use of bundled payments specifically for acute-care episodes is almost certain to be among them as it is already being piloted by the Centers for Medicare & Medicaid Services. Bundled payments provide global payments rather than fee-for-service payments, typically for a certain episode of care, and most bundled payment programs allow for gainsharing among providers of any savings created.
Read the full article here: http://www.beckershospitalreview.com/hospital-physician-relationships/3-best-practices-for-bundled-pricing-from-cms-ace-demonstration-project-participants.html
The Camden Group Expands Bundled Payment Expertise and Resources
Los Angeles, California, September 1, 2010 — The Camden Group, one of the nation’s leading healthcare business advisory firms, continues to expand the firm’s expertise and resources to assist clients in response to healthcare reform with the addition of Deirdre M. Baggot, RN, MBA as vice president. Ms. Baggot served as the administrator of the cardiac and vascular institute at Exempla Saint Joseph in Denver, Colorado, where she played a key role in helping the hospital win the bid to be selected as an Acute Care Episode (ACE) cardiovascular services bundled payment pilot program –one of four in the nation. She subsequently developed and managed these services, achieving both cost savings and improvement in quality. This news follows the announcement in May that the former CEO of Exempla Saint Joseph, Robert A. Minkin, has joined The Camden Group as well.
“Our clients will really benefit from Deirdre’s expertise in designing and implementing bundled payments – from applying to be a CMS pilot site or more immediately, reaching out to commercial payers to bundle payments,” said Steve Valentine, president of The Camden Group. “We’re definitely seeing more and more commercial payers interested in bundling payments as a way to bend the cost curve, and for many hospitals, this is an opportunity they can’t afford to miss.”
In light of healthcare reform, The Camden Group has been rapidly growing its thought leadership team this past year by adding several senior members to the firm, including James Smith [formerly with Greater Rochester Independent Practice Association (“GRIPA”) and Excellus Blue Cross Blue Shield), as well as seeking affiliation with innovative entities to provide clients access to industry-changing organizations. These include GRIPA, one of the first in the nation to receive a favorable advisory opinion from the FTC on their clinical integration program, and Healthcare Partners, LLC, which operates as an accountable care organization with physician networks serving over 1,000,000 patients nationwide, including over 140,000 Medicare Advantage and 600,000 commercially insured members.
“Healthcare reform both poses new challenges to healthcare executives and tremendous opportunity to be at the forefront of re-engineering our healthcare delivery system,” said Baggot. “The Camden Group has an excellent reputation for success with their clients, and I am thrilled to join the team at such an exciting and pivotal time for our industry.”
Prior to joining Exempla Saint Joseph Hospital in 2005, Ms. Baggot worked for ten years in academic healthcare, first at Northwestern Memorial Hospital and later at The University of Michigan Health System in strategic and leadership roles.
About The Camden Group
With offices in California, Illinois, and New York, The Camden Group is one of the nation’s leading healthcare business advisory firms. The firm provides a broad array of healthcare consulting services in areas ranging from strategic and business planning and financial advisory and compliance, to hospital operations improvement, hospital/physician alignment, clinical integration, and developing accountable care organizations. Since its founding in 1970, The Camden Group has advised more than 1,000 hospitals, medical groups, outpatient facilities, and other healthcare organizations nationwide. For more information, visit us online at www.thecamdengroup.com.
Contact:
Sarita Choy, Marketing/Communications Director
The Camden Group
310.320.3990
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The Camden Group Announces Affiliation with Long Time Client GRIPA
The Camden Group Announces Affiliation with Long Time Client GRIPA
Los Angeles, California, May, 26, 2010— The Camden Group, a national healthcare business advisory firm, today announced that it is now affiliated with Greater Rochester Independent Practice Association (GRIPA), a leading physician hospital organization (PHO).
The Camden Group sought the affiliation with GRIPA given the increased demand from healthcare clients to find ways to facilitate improved coordination of care and achieve greater integration in order to deliver greater value to healthcare consumers. With its 812-physician membership, two community hospitals, and a medical management and IT staff, GRIPA is one of the first in the nation to achieve a favorable advisory opinion from the FTC on their plan for clinical integration. Camden clients will now have direct access, including site visits, to GRIPA in order to learn and understand ways to deliver accountable care.
“We are thrilled to have this unique opportunity to be affiliated with such a groundbreaking organization – one that we have worked with for several years,” said Steve Valentine, president of The Camden Group. “Healthcare is changing, and it’s moving in a very clear direction. GRIPA embodies the future of healthcare and achieves the core objectives defining this new age in accountable healthcare – greater clinical quality, improved cost effectiveness, and superior patient experience.”
In addition to The Camden Group’s affiliation with GRIPA, the firm announced earlier this year its hiring of GRIPA’S former CEO, James Smith, FACHE, as senior vice president. Smith is heading up The Camden Group’s advisory services in clinical integration and the development of accountable care organizations. Eric Nielsen, M.D., the current CMO of GRIPA, also recently joined The Camden Group as Medical Director for the firm.
“This collaboration brings great exposure and expertise for both our organizations,” said Gregg Coughlin, president of GRIPA. “Healthcare is revolutionizing at an incredible pace, given the anticipated impact of healthcare reform. Together, we’re dedicated to innovating the industry to make healthcare work better – for everyone.”
This latest news follows the recent announcement by The Camden Group that it has added Robert A. Minkin, former CEO of Exempla Saint Joseph Hospital, to serve as senior advisor to the firm. Minkin is a leading national expert on bundled payments. Under Minkin’s leadership as president and CEO, Exempla Saint Joseph won the bid to participate in a three-year CMS Acute Care Episode (“ACE”) demonstration project to “bundle” payments to hospitals and physicians. Exempla Saint Joseph is one of four hospitals with cardiac programs to participate in the pilot demonstration.
About The Camden Group
The Camden Group provides a vast array of consulting services on areas ranging from hospital operations improvement, strategic, financial and business planning, and physician group advisory services. Since its founding in 1970, The Camden Group has advised more than 1,000 hospitals, medical groups, outpatient facilities, and other healthcare organizations nationwide. For more information, please visit www.thecamdengroup.com.
Contact:
Sarita Choy, Marketing/Communications Coordinator
The Camden Group
310.320.3990
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