HTH Spring 2011 Meeting – “Million Dollar Day”

• HTH Spring 2011 Meeting – “Million Dollar Day”

• Elbert Memorial Hospital – approximately 6 Months Ago

$$$ Financial Performance, Cash Flow Challenges, Tax-Support, Threat of Closure, Board seeking Partner/Affiliate, Unsure Future

Mgt Agreement Terminated, CEO/CFO Turnover, I-CEO & Doug Faircloth, I-CFO

• HTH – Jimmy Lewis, HTH TEAM (Kathy, Donna, Chris, others), HTH Business Partners

•REVENUE Cycle FOCUS --- PFS Staff -- TEAM-WORK

$ MILLION DOLLAR DAY – Adapting to Change

TEAM Work

PFS Team & Coaches

TEAM-WORK

• Teamwork – Board, Medical Staff, Exec Mgt, Dept Directors, Hospital Staff, HTH Business Partners, Consultants

“Leap of Faith” in HTH Recommendations & Business Partners “Buy In” with “Skin in the Game” to accept HTH

recommendations (Kathy’s meeting with Board Members)

• FOCUS & “Theme” – Quality of Svcs - $ Reimbursements & Collections $ -- Dollars in the Door $ - REVENUE CYCLE

• Authority Board Decisions, Actions & Support

Embrace Change and Improvement in Turbulent Times Trust Hospital Leadership, HTH & Business Partners Approve Investment in Consulting, Software Updates, etc.

$ MILLION DOLLAR DAY $

• Authority Board Support

“Full Press” (vs Band-aid Approach) to make changes to achieve quick results during tough economic times and in a time of “survival”

Make Investment & Take Risk (Leap of Faith) for short term results and long range turn-around

Embrace Changes and Improvements with Investments in Consulting, Software Updates, etc.

• CEO Commitment, Support, + buy-in from Exec Mgt & Dept Leadership

• Leadership to Create Culture of Security during turbulent times, Trust, and Willingness to Change, Take Risk, etc.

Board Support and Confidence, Employee Morale, Medical Staff Buy-in, leading to Community “Confidence” and increased utilization, ED Visits, Admissions, Outpatient Services, etc. “will” Follow

Board Decisions, Mgt Contract, Leadership, Affiliation Quest, etc.

HealthTrust Group Purchasing Agreement (Discounts + Rebates)

HTH University – Team Building Meetings, PFS Staff Development, Education, Training

Documentation, Coding, and Compliance Consulting

Dale Gibson – Medicare Consulting

Linda Fausett - PFS & Revenue Cycle Consulting

Self-Pay Management System – Up front Collections

Business Office Support & Solutions

Sherry Milton & Associates

Dale Gibson

Business Partner Initiatives

EMH Up Front Cash Collections July 2011 – February 2012

Happy Birthday Dale

http://www.youtube.com/watch?v=AI2FIFY2Z6U

http://www.youtube.com/watch?v=uQUZ_GOE4qA

Employee & MD Background Screening

InterQual Admission Criteria Software

First Financial Management Private/Self-Pay Collections

EDI Clearinghouse, comprehensive claims management and editing, interfaced remittance management, denial and appeal management/editing, etc.


EMH % of Revenue Collected April 2011 – March 2012

Documentation Solutions – Transcription, Coding Services, ICD 10 Strategy & Solution

Chargemaster Toolkit – CDM Compliance & Management Software

Connectivity Funding, Telecommunications and Utility Overcharge Recovery

Affiliation Quest – Healthcare, Business & Regulatory Legal Services


Anesthesia Pro-Fee Billing Services

Medical Documentation, Coding & ICD 10 Solutions

Release of Information

Information Systems Solutions

Future Business Partner Initiatives

Spoto & Associates


Alpha Dawg

Summary

• Recognize Significant Financial Impact of the Revenue Cycle & Processes and Invest in Staff and “Tools” to maximize reimbursements, collections, and cash flow

• Board Leadership, Commitment, Investment, Faith in Local Leadership & HTH Recommendations, Support

• Local Leadership & Teamwork, Medical Staff, Exec Mgt Team, Dept Directors, Hospital Staff, Volunteers

• Engage HTH Leadership, HTH-U Education/Training, Consulting & Business Partners

• Investment and Leap of Faith to engage & Implement Business Partner Solutions and Process Improvements

Greetings from Rural America!!!

To all our “friends” in Urbania

HTH Spring 2011 Meeting – “Million Dollar Day”

Documents

Transcript of HTH Spring 2011 Meeting – “Million Dollar Day”