Payment reform: how should your organization prepare?
To prepare for payment reform, hospitals should: convene a permanent task force to monitor risk and lead performance improvement in the postreform era; identify the metrics linked to new and emerging incentive payments (e.g., readmission rates, prevention quality indicators); quantify their financial risk exposure and identify all performance improvement areas; pair a member of the finance team with either the CMO or CNO to monitor performance on a weekly basis.
Woodson
William
W
Sg2, LLC, Skokie, IL, USA. wwoodson@sg2.com
Jenkins
Steve
S
D004469:Economics, Hospital / Q000458:organization & administration*; D018166:Health Care Reform; D010934:Planning Techniques; D012051:Reimbursement Mechanisms / Q000331:legislation & jurisprudence*; D014481:United States