Managing Partner at Lumina Health Partners and the Lumina Leadership Institute: Guiding Transformation Strategies for Healthcare Organizations; Host of Value-Based Care Insight Radio/Podcast Show
Many #hospitals and #healthsystems face difficulties in managing rising anesthesia costs and securing #anesthesia coverage to meet their surgical demands. These challenges are largely due to the national shortage of anesthesia providers. In our collaborations with hospitals and health systems across the country, we have identified approaches to establishing the appropriate clinical and business structures that enable providers to enhance the overall financial performance of their hospital’s surgical services. At Lumina Health Partners, we developed an economic model for anesthesia services that focuses on four key components: - Market rate reimbursement – optimal contracted anesthesia rates are set at the 75th percentile of the local/regional market - Revenue cycle performance – revenue cycle activities produce a 95 percent net collection rate, along with a denial rate below five percent - Anesthesia perioperative performance – Anesthesia providers produce above the 90th percentile and achieve “better-performing” surgical services outcomes - Incentive based stipend –Hospital subsidies support optimal coverage and retain high-performing anesthesia leaders Through collaboration between hospital leadership and anesthesia providers, staffing challenges can be minimized, financial performance can be enhanced, and patients' surgical needs can be effectively addressed. If your organization is facing any of these anesthesia challenges, schedule a call with our anesthesia consultants to explore how we can best support you and your organization. A brief consultation could offer the greatest return on investment for your organization! #luminahp, #anesthesia, #ASA, #HFMA, #AANA, #hospitalleadership
