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📗 Our eBook “The Financial Impact of Managed Care Contracting in Orthopedics” outlines how managed care contracting plays a critical role in in the financial success of surgical organizations. The eBook includes a managed care contract checklist covering the step-by-step process for adding orthopedic procedures like total shoulders to your service line. 🩺 Download the eBook to learn more ➡ https://bit.ly/46pYGeT #orthopedics #totaljoints #ebook #ASC #surgerycenter #RCM

Get your managed care contract checklist! Download our eBook “The Financial Impact of Managed Care Contracting in Orthopedics” to learn why managed care contracting is crucial to ensuring the financial success of surgical organizations. The eBook also contains additional resources, including webinars about orthopedic revenue cycle management. 💰 Access the eBook ➡ https://bit.ly/46T6kyV #orthopedics #spine #surgerycenter #eBook #RCM #ASC

📗 Our eBook “The Financial Impact of Managed Care Contracting in Orthopedics” outlines how managed care contracting plays a critical role in in the financial success of surgical organizations. The eBook includes a managed care contract checklist covering the step-by-step process for adding orthopedic procedures like total shoulders to your service line. 🩺 Download the eBook to learn more ➡ https://bit.ly/46lPU1v #orthopedics #totaljoints #ebook #ASC #surgerycenter #RCM

Excited to share insights on managed care contracts for orthopedic success! Join me, Scott Allen, SVP of Managed Care Contracting, for a webinar on mastering your managed care contracts for success. Unlock the keys to financial prosperity by understanding and optimizing your contracts. Don't miss this chance to elevate your game! 💰💼 #Orthopedics #ManagedCareContracts #FinancialSuccess #Healthcare #Webinar #PracticeManagement #OrthopedicSurgery #MedicalBilling #RCM #OutpatientSurgery

🦴 Orthopedics leaders 🇺🇸 watch procedure backlog, new technologies in 2024 ⚖️ ❝J&J, Medtronic and Smith & Nephew executives and orthopedic surgeons said they expect more procedures to move outpatient, while questions about pricing and procedure backlogs loom over the space.❞ Are we seeing similar trends in our local markets 🇦🇺 - let your network and contacts know through the comments section 🗣️ #latestnews #medtech #industrynews #healthcare #surgery #orthopaedics

🦴 Orthopedics leaders 🇺🇸 watch procedure backlog, new technologies in 2024 ⚖️ ❝J&J, Medtronic and Smith & Nephew executives and orthopedic surgeons said they expect more procedures to move outpatient, while questions about pricing and procedure backlogs loom over the space.❞ Are we seeing similar trends in our local markets 🇦🇺 - let your network and contacts know through the comments section 🗣️ #latestnews #medtech #industrynews #healthcare #surgery #orthopaedics

🎉 Don't miss out on our upcoming webinar: "Enhance Your Financial Success with a Managed Care Contracting Checklist for Orthopedics"!💰 Presented by Scott Allen, our SVP of Managed Care Contracting. 🔗 Register here: https://bit.ly/3VMgS0z Managed care contracts are the backbone of financial success for surgical organizations, especially in orthopedics. Let us guide you through the intricacies with our comprehensive checklist! 🔍 Learn how to: ✅ Manage contracts effectively ✅ Analyze your chargemaster ✅ Conduct case analysis & costing ✅ Nail contract negotiations 🔗 Reserve your spot here: https://bit.ly/3VMgS0z Don't let poorly negotiated contracts weigh down your bottom line. Empower yourself with the tools for success! #Orthopedics #ManagedCare #FinancialSuccess #Beckers #Webinar

Addressing the Nuances of Healthcare Models The shift from fee-for-service to value-based care models in orthopedic surgery is a topic of considerable discussion. While acknowledging the merits of value-based care, it's essential to confront the challenges inherent in this transition. Many hospitals maintain fee-for-service contracts with insurers, where physicians are compensated based on service volume. This setup, often tied to metrics like 'relative value units' (RVUs), can potentially influence decision-making, possibly leading to unnecessary procedures. However, the transition to value-based care is not simple. Practices may find themselves navigating a landscape where they must balance value-based initiatives with revenue generation from fee-for-service arrangements. Yet, it's critical to approach this shift with caution. While advocating for value-based care, we must recognize the complexity of each patient's case, avoiding oversimplification. Every individual presents a unique set of circumstances, challenging us to determine the most appropriate course of action. In summary, the journey towards value-based care requires a nuanced approach, one that acknowledges the realities of fee-for-service while embracing the principles of quality-driven healthcare. As we navigate this terrain, let's remain steadfast in our commitment to patient well-being and the pursuit of excellence. #OrthopedicSurgery #HealthcareModels #ValueBasedCare #MedicalInsights

Driving Orthopedic Excellence Orthopedic surgery is evolving towards value-based care, with strategies to enhance patient outcomes and operational efficiency. I presented the "Role of Orthopaedic Surgeons in Bundled Payments (APMs) " in March at OVBC 2024. Here are four of the key takeaways/strategies: 1. Standardization and Cost of Care: Actively advocate for the significance of standardizing care pathways and implant selection to reduce error rates and costs, ultimately improving patient outcomes. Lean Six Sigma principles play a pivotal role in this process. 2. Quality and Outcomes: Actively stress the importance of data agreements, PROMs, and patient selection in actively ensuring high-quality care delivery. 3. The 3 C's: Actively champion coordination, communication, and collaboration as vital for actively successful implementation. Advocating for these principles actively fosters teamwork and actively enhances efficiency. 4. Financial Distribution: Actively explore the equitable margins-sharing between organizations and individual surgeons, actively incentivizing quality care and cost-effectiveness. These strategies represent our commitment at OrthoVirginia to advancing orthopedic care in alignment with value-based principles, ultimately benefiting patients and healthcare systems. I'd love to hear your thoughts on these strategies! Have you implemented similar approaches in your practice? #Orthopedics #ValueBasedHealthcare #HealthcareQuality #BundledPayments #OrthoVirginia

Thanks to Renee Becker, Pharm.D. for partnering on this content piece and modeling staffing scenarios.   Here's an excerpt of what you'll find: By hiring and being optimally staffed for all the cases the physicians can bring to the center, an ASC can generate $165,000 per month in additional profits. Over the course of a year, this translates to $1.98 million in increased profits and potential distributions.   Click here to read the full piece: https://lnkd.in/gA5BSjxS