Payment reform: how should your organization prepare?
Woodson, W.; Jenkins, S.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 64(1): 74-79
2010
ISSN/ISBN: 0735-0732 PMID: 20088474 Document Number: 646497
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.