KHI Partners’ Post

We are excited to announce the Region 9 HFMA MARCH Webinar, March 12th from 11:30am-12:30am. To register, click here: https://lnkd.in/gMk6zMb8 Please join Tobias Mezger, Co-Founder & COO of PeyZen and Emily Goertz, VP of Rev Cycle at University of Texas Medical Branch for an exciting discussion: Transcend the Traditional: Why It’s Time for a Modernized Approach to Patient Financing As patient payment responsibility skyrockets, equitable access to healthcare is becoming increasingly elusive, adding financial stress to patients and straining healthcare providers with declining cash flows. Between an industry-wide increase in bad debt, regulatory scrutiny toward medical payment products, and new legislation around price transparency, it is clear that we need to take another look at our approach to patient payments.  Join the University of Texas Medical Branch (UTMB) and PayZen for an engaging session designed to deliver quick revenue cycle wins. The session centers around UTMB’s recent successful initiative to increase transparency and flexibility of patient payments while simultaneously improving patient revenue capture. Hear from UTMB’s VP of Revenue Cycle on her team’s decision to look externally for a patient financing solution, the importance they placed on automation and patient-friendliness, and their resulting success in increasing both pre-service and post-service collections.  Learning Objectives: Describe strategies for providers to evolve their approaches to patient balances in light of the shifting regulatory landscape and industry trends, including providing pre-care estimates and long-term payment plans Learn how the lack of technology-driven affordability solutions not only disproportionately affects lower-income patients, but also impacts providers' financial bottom lines. Understand the potential of technology, particularly AI and Machine Learning, to reduce administrative burden while ensuring more patients receive and pay for necessary care. Target Audience: Accountant, Controller, C-Level, HIM, Bus Off, Operations, Clinical Staff, Treasury, Finance, Controller, CFO/CEO/CSO/CRO, FP&A Don't forget to register! HFMA Texas Gulf Coast Chapter, HFMA South Texas Chapter, HFMA Texas State, Conference Louisiana Chapter of HFMA, HFMA Lone Star Chapter, Mississippi Chapter of HFMA, HFMA Arkansas Chapter, HFMA Oklahoma Chapter #cfos #ceo #hospital #patientfirst

Providers and healthcare entrepreneurs have known for too long that fee-for-service can’t be the future. But neither could find the way to Wellvana on their own. This is our origin story.  🏥From Hospitals to Holistic Health ✨ In San Antonio, internist Saleh Jaafar, MD, and pulmonologist Jairo Melo, MD FCCP, were losing patients, revenue and sleep. The tangled web of primary care, specialists, surgery centers, emergency rooms and nursing homes was hardly working as a system. The busy physicians had ambitious plans to coordinate care but limited business experience or capital to execute at scale. Then they met venture capitalists Charlie Martin and Devin Carty. Martin Ventures was working on an entirely new business thesis after building Vanguard Health Systems and seeing all the well-intended care that goes to waste. They increasingly understood the traditional healthcare system wasn’t really designed for health. Too many patients lacked a quarterback with skin in the game to guide their care. So they designed a company to change that. They called it Wellvana. The word casts a vision for communities made healthy as care focuses entirely on quality rather than quantity. The name also transcends the current state of healthcare to a future where there’s no more suffering caused by a broken system, where patients are put first, and providers lead the way. 📶Life-Changing Moves📶 With high-minded aspirations, the startup went deep in one market — San Antonio — and, in 2019, established a network consisting of providers that agreed to work collaboratively with Wellvana to deliver value-based care that improves outcomes and lowers the total cost of care. Primary care doctors and specialists in the San Antonio area joined an MSSP Accountable Care Organization, managed in part by Wellvana, and had access to Medicare Advantage contracts, geared to keep seniors healthy while lowering the cost of care. As Wellvana grew, CMS created new opportunities to serve patients in traditional Medicare, such as through its Global and Professional Direct Contracting Model, a predecessor program to the ACO REACH Model. Through the GPDC Model, Wellvana could now take full financial risk on behalf of primary care practices and help them succeed through data insights, coding assistance and high-touch clinical support. As adoption accelerated through COVID-19, Wellvana emerged as a leader in the next generation of value-based enablers. Its high-performing physicians are making a better living and keeping patients healthier in 23 states and counting. Despite its rapid growth, the company remains grounded in the belief that there can be no shortcuts to “Wellvana.” But, by caring for patients and supporting providers, everyone can win in value-based care. #primarycare #valuebasedcare https://lnkd.in/eeKEj6xG  

Patient center care needs two critical factors “SYSTEMNESS and NETWORKNESS”

Had a wonderful time at this year’s Physicians Transactions Conference. Got to meet tons of great physicians and deal professionals, and was blown away by the incredible talent in the room. We also had our very own Daniel L. Brunello, CFP®️, Director, Wealth Strategies Group who spoke on “Personal Wealth Planning Strategies to Consider Before Any Major Transaction”, which received overwhelmingly positive feedback. Looking forward to fostering these new friendships and marking my calendar for next years event! "Maximizing the transaction value of your practice is a very important step, but creating a comprehensive financial plan before a transaction can minimize taxes, provide asset protection, and maximize the value of your overall wealth," Daniel told the physicians at the conference. At Bernstein, we serve as confidants to some of the world’s top physicians, helping them solve complex challenges—ones that extend well beyond wealth management. We are proud to have sponsored this conference and to have had the opportunity to share our expertise with such a distinguished group of professionals. To learn more, click here to read our whitepaper "Improving Outcomes for Medical Practice Owners": https://lnkd.in/g-FY_2c7 #PhysiciansTransactionsConference #WealthManagement #FinancialPlanning

NHAs: How do you respond when asked "What do you do?" Believe it or not, NHAs, and all senior living leaders, are the unsung heroes of the healthcare industry. Our role? We are the conductors of a complex symphony. We navigate the intricate healthcare system, managing, organizing, and ensuring that everything runs smoothly. Our tools aren't stethoscopes or scalpels but strategic planning and people skills. We're the ones who work behind the scenes, making sure your loved ones receive the best possible care. We put in the long hours, the tough decisions, the endless paperwork, all in the name of quality healthcare. No, we may not wear capes, and we don't perform surgeries. But we contribute to saving lives in ways that are just as significant. So the next time someone asks what an NHA does, tell them this: We are the ones who ensure that your healthcare is more than just a transaction; it's an experience. Let's start a conversation. Tell me, how do you explain your role to outsiders? Let's share and learn from each other's experiences.

Are we going to work together in 2024? Whether you’re a company, a sole practitioner or a clinic, my services are tailored to meet your needs. To read my testimonials, please share your email via my inbox. Let’s make 2024 your best year yet! #consulting #aestheticmedicine

We have updated the process for Mainpro+ participants to claim their credits. The Impact Assessment exercise is now optional when claiming CPD credits, simplifying the process for family physicians to claim CPD credits so they can spend less time on paperwork and more time on their practice. Learn more about this change: https://ow.ly/YIe150Qi4IN

What do you do if your financial event for medics is oversubscribed by 500%? Back by popular demand after being oversubscribed by 500% in January, our next session promises even more insights and strategies tailored for medical professionals. Don't miss out—spaces filled up fast last time! Event Highlights: → Side Hustles for Medics: Explore practical ways to supplement your income. → Escaping the 60% Tax Trap: Essential tax planning strategies. → Limited company strategies - how to make the best of Ltd co in 2024/2025 tax year → Smart Tax Options: Optimizing financial choices for doctors and NHS professionals. → D-I-Y Investing: Basics to get you started. I will share my 19 years experience and how you can start without taking unnecessary risks. → All About ISAs: The good, the bad, and the ugly. → Mortgages and Life Insurance: Navigating complex financial products. → Trusts and Investments: How to secure your financial future. Event Details: 📅 Date: Friday, 26th April 2024 ⏰ Time: 8:30 PM GMT 🌐 Location: Online (Virtual Event) 💰 Cost: FREE! 🌟 Limited seating is available to ensure a personalized and interactive experience. Last time, our seats were quickly filled within hours, and many couldn't attend. Secure your spot early! Register Now and Take Control of Your Financial Future! I am excited to explore with you how to take charge of your future and banish financial anxiety. 👉 Join the Waitlist here: https://lu.ma/rgyo8dat #NHS #MoneywiseDoctor #dentists #generalpractice P.S. Did you get a ticket to the last Moneywise Doctor live event? What did you learn? Please share your experience

Physicians and Practice Managers - our upcoming webinar, “The MSO-PC Blueprint: A Doctor's Guide to MSO-PC Investments,” starts next week on April 17th at 1pm EST! If you’re running an equity-backed practice (or want to get funded), you won’t want to miss it. The registration link is in the comments below 👇

Navigating Seasonal Medical Billing Fluctuations: Strategies for Summer's Impact on Revenue As the sun sets on summer and we welcome autumn's embrace, healthcare practices encounter unique challenges in maintaining steady revenue. Our latest blog post delves into the ways medical practices can navigate the seasonal billing fluctuations of summer and provides strategies for a seamless transition into fall. Discover how to: ✅ Communicate effectively with patients ✅ Promote preventive care ✅ Optimize telemedicine offerings ✅ Prepare for fall recovery Plus, learn how EDS Medical Billing & Consulting's expertise in professional healthcare billing, service, and management can be your partner in ensuring revenue stability throughout the year. #medicalbilling #EDSmedicalbilling&consulting #medicalbillingfluctuation