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Author: Chris Hadley

May 22nd, Donna Lynne, Chief Operating Officer of Columbia University Medical Center and CEO of Columbia Doctors

May 22nd, Donna Lynne, Chief Operating Officer of Columbia University Medical Center and CEO of Columbia Doctors

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“Transforming Health Care in an Academic Medical Center”

Donna Lynne, DrPH, Chief Operating Officer of Columbia University Medical Center and CEO of Columbia Doctors

Donna Lynne

Academic medical centers (AMCs) are dealing with the same challenges their non-academic counterparts are—financial pressure from purchasers, managed care organizations and insurance companies, as well as from Medicare and Medicaid.  Regulations and compliance activities for AMCs are often more burdensome, and of course, since AMCs have the role of providing clinical care, research and training, as well as an inherent bias towards specialty care, their cost structure is higher.  This session will describe some of the strategies AMCs are using to thrive in today’s complex health care environment, from affiliations with community based hospitals, to ACO formation, and internal cost management strategies and efforts to develop more consistency and efficiencies in what are often decentralized systems.

Lessons from AMCs in NY and other states, including Colorado, will be highlighted.

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Donna Lynne, DrPH, is the Chief Operating Officer of Columbia University Medical Center and the CEO of Columbia Doctors, an 1800 faculty practice organization.  Until early 2019, she was Colorado’s 49th Lieutenant Governor and Chief Operating Officer. Prior to assuming her roles in Colorado state government, Dr. Lynne served as the executive vice president of Kaiser Foundation Health Plan Inc. and Kaiser Foundation Hospitals, and as group president responsible for its Colorado, Pacific Northwest and Hawaii regions – overseeing an $8 billion budget, 1.4 million members and 16,000 employees. She participated in numerous boards and commissions during her time at Kaiser Permanente, including the Denver Museum of Nature and Science, the Denver Public Schools Foundation Board and many others.

She is recognized as one of the top women business leaders in Denver and one of the top 25 Women in Healthcare in the nation. Dr. Lynne also spent 20 years working in various positions in New York City government including First Deputy Commissioner at the Office of Labor Relations, Director of the Mayor’s Office of Operations, and Senior Vice President of the New York City Health and Hospitals Corp.

She holds a bachelor’s degree in Economics and Political Science from University of New Hampshire, a Masters of Public Administration from George Washington University, and a Doctor of Public Health from Columbia University. In 2014, Dr. Lynne received an honorary doctorate of public service from the University of Denver, and in 2017 an honorary bachelor of science degree in nursing from Colorado Mountain College. She resides in Denver with her husband and enjoys activities such as climbing all of Colorado’s fourteeners, participating in Ride the Rockies and going on ski challenges around the world. Dr. Lynne has three children and two stepchildren.

 

WHEN: Wednesday, May 22nd at 5:30 p.m.  Heavy Hors’d’oeuvres from 5:30-6:30, Meeting from 6:30-8:00 p.m.

WHERE:  Children’s Hospital Conference Center, 13123 East 16th Avenue, Aurora, CO

REGISTER:   The cost for this event is $50. RSVP for this month’s event below.

Refunds are available provided you cancel at least five days prior to the event.


Registrant Name-Company Name
Registrant Email


I will not attend this month’s event     

Denver Medical Study Group will donate a portion of your registration fee for this event to the Medical Career Collaborative (MC2) sponsored by Children’s Hospital Colorado and Denver Health. If you would like to join us in supporting this program, please send us an email through the Contact button at the top of this page. 

 
The Medical Career Collaborative Program is an incredible way to engage students from under-represented groups in the healthcare workforce. Similar to the Denver Medical Study Group catering to all professions that touch healthcare in some way, the MC2 program is working on engaging students in both clinical and administrative paths so they have an opportunity to learn about available career paths in the medical field. For more information about this program, click here to download a PDF.

Sponsored by:

     Eide Bailly

University of Denver University College Logo

Hosted by:Children's Hospital w Broncos logo

 

Critical Access Hospital Assessment and Business Intelligence

Critical Access Hospital Assessment and Business Intelligence

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BY PAUL J. SCHULZ

March 22, 2019

Health care reform continues to reshape the landscape of how critical access hospitals will be paid in the future. Value-based reimbursement continues to expand, and forward-thinking critical access hospitals are acting now to prepare their facilities to receive maximum reimbursement once changes are implemented. Changes come with new challenges. One of the challenges we are striving to meet is the opportunity to leverage facility system data in combination with our assessment process to understand opportunities across the organization or within various departments.

Business Intelligence (BI) offers data pulls that are closer to real-time, improved visuals, and navigation functionality. The difference between spreadsheets and BI has been compared to the difference between a photo and a movie.

 

Operational Analysis Coupled with Business Intelligence

To help maximize future revenue, critical access hospitals can conduct an analysis of their operational efficiency and productivity by department. Recently, we have added the inclusion of BI processes pulling data from relevant systems and creating “real-time” views that keep the assessment fresh long after the final report.

Our analysis embeds benchmarks comparing productivity to other critical access hospitals. Benchmarks create “the mark” that helps you determine how your facility stacks up against local, regional and national peers. Even though they are not new, and some critical access hospitals have used them to help measure their financial performance, the process of conducting the analysis department by department and visually presenting the standard in BI may be new to some organizations. We can now pull current data from your facility and correlate that with reviews and observations to uncover inefficiencies and waste, improving operations for each department for the months to come.

Measuring productivity by statistical calculation shows where you stand now and helps you set operational goals. These goals, in turn, guide workflow and processes that improve staff efficiency, reduce costs and, when coupled with a holistic viewpoint to patient care, create a better patient experience. Benchmarks are not just about operational efficiency; they help you put the processes and practices in place that can generate improved patient satisfaction scores—another future determinant of revenue.

 

Benchmarking for Efficiency

When benchmarking, many factors come into play such as patient mix, technology investment, staff training, staff experience level, facility layout, physician practice patterns and volumes. All are important aspects of operations and can be difficult to assess and re-assess for movement toward a goal without conducting another assessment. Benchmarking was something once thought of as out of reach and cost prohibitive for critical access hospitals, but Eide Bailly continues to face challenges with new solutions and ideas with better tools or processes.

 

An Innovative Culture

The BI tool and assessment we work with establish a known current state and a future state which produces a delta (difference)—goals. Not having a consistent real-time data flow into these equations can lead to some frustration as variables change. What is the result of our ideas to change? How much further do we need to go? Are we seeing some cause and effect in the departments as one change possibly impacts others? Seeing the measures change after ideas are implemented helps reduce frustration and can help with innovation. This cause and effect learning process is key to help staff stay engaged and is what data-driven organizations can accomplish with the proper tools and set up.

 

Mobilizing Benchmark Data from Assessments

There are four primary components to mobilizing benchmark data from assessments: gathering the organization’s information, assessing the values and work flows, visualizing the information in BI and mobilizing the information into the organization.

Mobilizing the data is linking, or hardwiring, the information to pertinent points within the facility with a focus on aligning it to the strategy. Data without communication is relatively useless, so we work with you to help build a structure for communication, learning and growing. We use the assessment data as a baseline to the structure and the BI tool as the connector of data to daily work.

Benchmarks give you data to work against. Once an organization knows the benchmarks per department, they can start to ask questions: Why are we different than top performers? Is it our volumes? Is it staffing, training, processes, procedures? In the past, any sort of issue was typically dealt with by throwing more staff at it. This will no longer work as the Centers for Medicare and Medicaid (CMS) is not going to pay for inefficiency.

 

Start Benchmarking Today

The benchmarking process starts with learning. When you discover where you have been and where you are now, you can lay down the path to where you want to be in the future. The advent of better technologies has created a huge opportunity for critical access hospitals to begin to access this information and use it to make better and more informed decisions that impact an organization’s efficiency. This type of data will also enable you to meet patients’ growing demand for more information and better communication up front.

Changes to the reimbursement model are coming, and there has never been a better time to begin the journey to the operationally intelligent critical access hospital!

 

For more information, contact:

Bruce Kirkpatrick, CPA
Healthcare Tax Manager
Eide Bailly
303-689-8607
bekirkpatrick@eidebailly.com

March 21st, Gary Herschman, Attorney, Epstein Becker Green

March 21st, Gary Herschman, Attorney, Epstein Becker Green

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Private Equity in Healthcare:
What is it and How Will it Impact Colorado?

Gary W. Herschman, Attorney, Epstein Becker Green

     Gary W. Herschman

The pace of healthcare industry consolidations, including mergers and acquisitions, has dramatically increased in each of the last 3 years, and industry experts predict that this trend will be even more robust in 2019.  The key impetus for this trend is the desire to reduce out-of-control costs of healthcare in the U.S., by moving to a value-based reimbursement system which rewards the provision of quality, cost-effective and patient-centric healthcare services.  To be successful in achieving this objective, providers must invest large amounts of capital into advanced EMR and IT platforms, care management staff, care coordination capabilities, and less-expensive care-delivery settings.  This demand for substantial capital has favored larger organizations and their ability to benefit from economies of scale and sophisticated corporate infrastructure.

Thus, healthcare providers – such as hospital systems, physician groups, home health companies, and urgent care, retail and behavioral health clinics – have expanded in size through strategic consolidation and affiliation transactions, and will continue to do so for the foreseeable future.  Likewise, the demand is growing for healthcare EMR and information technology companies to develop software, apps and other IT platforms to assist providers in providing quality, cost-effective and consumer-friendly care.

Key “takeaways” from Gary’s presentation will be: (1) The Value of a Private Equity Partner; (2) Why are Practices Aligning with Investors? (3) Private Equity Investment Successes; and (4) Private Equity Trends in Physician Specialties.

WHEN: Thursday, March 21st from 12 noon to 2 p.m.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTER:   RSVP for this month’s event by clicking the appropriate button below.

Click Here to Register

I will not attend this month’s event     

 

Hosted by:   

COPIC Financial Service Group, Ltd.

 

Sponsored by:   2018 Sponsor Thank you

Your business could be featured here in 2019. 
Contact
DenverMedicalStudyGroup@gmail.com
for Sponsorship Information

 

Event Recap: December 5th, Scott Becker, Publisher and Founder of Becker’s HealthCare

Event Recap: December 5th, Scott Becker, Publisher and Founder of Becker’s HealthCare

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Scott BeckerScott Becker, Publisher and Founder of Becker’s HealthCare and Becker’s Hospital Review joined us on December 5th at Children’s Hospital to discuss “Healthcare as a Zero-Sum Game–Who are the Winners and Losers Past and Future?”

Scott talked about some of the changes that have occurred in the past 3-5 years in the industry and some of the changes or “headwinds” coming in the next five to ten years including Pharma costs, Payors expanding into the provider markets, labor costs in the very intensive healthcare market, bricks and mortar —a Dinosaur?, big tech entering healthcare space, siphoning off of high profit ancillaries, and better paying commercial patients as patients go on to Medicare and employer clinics.

Below are some “shots” of Scott, D.U. Healthcare Mgmt Masters Program attendees (our sponsor) and other guests enjoying the meeting. We had a great turnout for Scott’s presentation–the largest since Donna Lynne spoke in December, 2016. Makes us wonder what 2019 will bring!!

Much thanks to Bobbie Kite, Academic Director, DU Healthcare Mgmt Masters Program and her students who volunteered to help with our meeting.!! Thanks everyone!

Chris Hadley
President and Founder
Denver Medical Study Group

 

Event Sponsor

Learn more about DU’s Healthcare programs by clicking on their logo. 

university of denver

January 23rd, Dr. Halee Fischer-Wright, President and CEO Medical Group Management Association

January 23rd, Dr. Halee Fischer-Wright, President and CEO Medical Group Management Association

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Back to Balance: The Art, Science, and Business of Medicine

Dr. Halee Fischer-Wright, President and CEO Medical Group Management Association

     Dr. Halee Fischer-Wright

Dr. Halee Fischer-Wright presents a unique prescription for fixing America’s healthcare woes based on her 30 years of experience as a physician and industry leader. The problem, Dr. Fischer-Wright asserts, is that we have lost our focus on what has always been at the heart of effective healthcare: strong relationships between patients and physicians, informed by smart science and enabled by good business, that create the trust necessary to achieve the outcomes we all want. Drawing from personal stories and examples from popular culture, supported by scientific studies and rock-solid logic, Dr. Fischer-Wright shows how the business and science of medicine can combine to achieve what she calls the art of medicine. She then details the three questions necessary to guide us toward true solutions and the five paradigm shifts crucial to bring the art, science and business of medicine Back to Balance … before it’s too late.

WHEN: Wednesday, January 23rd from 12 noon to 2 p.m.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTER:   RSVP for this month’s event by clicking the appropriate button below.

Click Here to Register

I will not attend this month’s event     

 

Hosted by:   

COPIC Financial Service Group, Ltd.

December 5th, Scott Becker, Publisher and Founder of Becker’s HealthCare

December 5th, Scott Becker, Publisher and Founder of Becker’s HealthCare

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“Healthcare as a Zero-Sum Game–Who are the Winners and Losers Past and Future?“

Scott Becker, Publisher and Founder of Becker’s HealthCare and Becker’s Hospital Review; Healthcare Partner McGuireWoods, LLP

scott becker

Over the past several years, there have been dramatic changes in healthcare. These changes have occurred at such a rapid pace that they’ve been difficult to keep up with. The result has been a lot of winners and losers in healthcare!

What will be the impact as we go forward over the next five to ten years? How will it affect health systems, providers, pharma companies, payors and beneficiaries/patients? Who will be the winners and losers in the future? What are some of the headwinds facing the healthcare industry? How will you be affected?

That’s what our internationally recognized keynote speaker, Scott Becker, Becker’s Healthcare, will be sharing with us on Dec. 5th at Children’s Hospital. This is a “can’t miss” opportunity to learn what we can expect going forward. The “takeways” from Scott’s presentation will be: (1) gaining an understanding of who the winners and losers have been over the last several years and (2) getting a sense of who will likely survive and thrive over the next five to ten years and who will struggle and possibly fail.

Scott is the Publisher and Founder of Becker’s Healthcare and Becker’s Hospital Review.   Over the last 25 years, Becker’s Healthcare has grown into the digital leader in healthcare business news. It is constantly striving to be the Wall Street Journal of Healthcare. Scott has served as chair of the national health care practice at McGuireWoods for more than 12 years.   He is a graduate of Harvard Law School and a CPA.

 

WHEN: Wednesday, December 5th at 5:30 p.m.  Heavy Hors’d’oeuvres from 5:30-6:30, Meeting from 6:30-8:00 p.m.

WHERE:  Children’s Hospital Conference Center, 13123 East 16th Avenue, Aurora, CO

REGISTER:   The cost for this event is $50. RSVP for this month’s event below.

Refunds are available provided you cancel at least five days prior to the event.


Registrant Name-Company Name
Registrant Email


I will not attend this month’s event     

 

Sponsored by: University of Denver University College Logo

Hosted by:Children's Hospital w Broncos logo

 

September 25th, Robert K. Smoldt, Associate Director, Healthcare Delivery and Policy Program, ASU

September 25th, Robert K. Smoldt, Associate Director, Healthcare Delivery and Policy Program, ASU

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U.S. Healthcare From an International Perspective – What Can We Learn From Others?”

Robert K. Smoldt,  Associate Director, Healthcare Delivery and Policy Program, Arizona State University; Chief Administrative Officer Emeritus, Mayo Clinic

     bob smoldt asu mayo clinic

In this session Bob will describe some key issues involved in evaluating a country’s healthcare system.  The results of a variety of organizations ranking of countries on their health systems will be reviewed.  In addition, a construct for describing and categorizing a country’s health system from the Organization for Economic Cooperation and Development (OECD) will be used to look at selected health systems around the world.   The audience will be split into three groups before the session and each group assigned a country that reflects one of the three major types of healthcare systems under the OECD framework.   A short description of the assigned country will be provided to each person that has registered for the meeting.

WHEN: Tuesday, September 25th from 12 noon to 2 p.m.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTER:   RSVP for this month’s event by clicking the appropriate button below.

Click Here to Register

I will not attend this month’s event     

Sponsored by:   

First Bank

Hosted by:   

COPIC Financial Service Group, Ltd.

August 22nd, Patricia Gabow, M.D., MACP, Retired CEO Denver Health

August 22nd, Patricia Gabow, M.D., MACP, Retired CEO Denver Health

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“Can the American Healthcare System Deliver Health?”

Patricia Gabow, M.D., MACP, Retired CEO Denver Health, Professor Emerita, University of Colorado School of Medicine, Master of the American College of Physicians

Patty Gabow

As we engage in a national dialogue about our healthcare system, we should ask the most basic question, “Can the American healthcare system deliver health?” To answer this question, we will explore three related questions:

  1. What is health–is it more than the absence of disease?
  2. What is our healthcare systems performance in terms of cost, coverage/access, quality, and equity/disparity?
  3. What really are the determinants of health and what is the impact of each of these determinants?

As we address these questions, we will compare the United States to other countries and compare states and counties within the United States. After addressing these three questions, we will try to lay out a way forward for health for all Americans.

WHEN: Wednesday, August 22nd from 12 noon to 2 p.m.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTER:   RSVP for this month’s event by clicking the appropriate button below.

Click Here to Register

I will not attend this month’s event     

Sponsored by:   

New Health     Bank of America Merrill Lynch

Hosted by:

COPIC

January 31st, Robert J. Valuck, PhD, RPh, FNAP

January 31st, Robert J. Valuck, PhD, RPh, FNAP

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“The Opioid Crisis: Latest Developments in the U.S. and Colorado”

Robert J. Valuck, PhD, RPh, FNAP

Robert J. Valuck, PhD, RPh, FNAP

Deaths from drug overdoses continue to increase across the U.S. and in Colorado.  Both prescribed opioids and illicit heroin and fentanyl cause over 33,000 deaths per year in the U.S., over 500 per year in Colorado.  In this session, participants will learn more about the scope and impact of the problem, including tools and strategies for collaboration in prescription drug abuse prevention at the national, state and local levels.

WHEN: Wednesday, January 31st from 12 noon to 2 p.m.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTER:   RSVP for this month’s event by clicking the appropriate button below.

Click Here to Register

I will not attend this month’s event     

Sponsored by:   

 

Hosted by:

COPIC Financial Service Group, Ltd.

February 23, 2017, The ACA at 6+ Years—Now What?

February 23, 2017, The ACA at 6+ Years—Now What?

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Robert Bob Smoldt“The ACA at 6+ Years
—Now What?”

 

Robert (Bob) Smoldt, Chief Admin. Officer emeritus, Mayo Clinic

The Affordable Care Act (ACA) was passed about 6 years 10 months ago.  This presentation will analyze what has happened since then – what has worked and what hasn’t.  Such an analysis should influence what type of ACA reform/replacement takes place now.  In addition, potential replacement steps will be reviewed.  The group will then act as “Healthcare Czar” and vote to see the actions it would implement.

Bob is the Chief Administrative Officer emeritus of Mayo Clinic. He served as a member of the Mayo Clinic Board of Trustees and Mayo Clinic Executive Committee from 1990-2007. Presently, he is Associate Director of the Arizona State University Healthcare Delivery and Policy Program. At Mayo Clinic, Bob worked in a variety of administrative positions in both medical and surgical departments prior to being named the Chief Administrative Officer. Bob also served two terms on the Board of Catholic Health Initiatives.

WHEN: Thursday, February 23rd, from 12 noon to 2 p.m. Arrive early to meet and visit with Bob and other attendees.

WHERE:  COPIC offices, 7351 Lowry Blvd., Denver, CO 80230

REGISTRATION: Advance Registration required via the link below:

http://denvermedicalstudygroup.com/event-registration/

PLEASE RSVP using the link above to register for this meeting. Also, feel free to forward this invitation to invite others that you think might benefit from this presentation.

Presenting Sponsor:
Bank of America Merrill Lynch