Tuesday, 24 May 2016 17:20

Are You Swimming Fast Enough?

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d linnesNew Centers for Medicare & Medicaid Services (CMS) hospital data went public this week – so how are you comparing to your competition?

The new performance data for hospitals, including timely and effective care measure data and Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) data, was released on May 4. As the reimbursement associated with value-based purchasing (VBP) is based on a competitive bell curve, we advise hospitals to be focused on the movement of the database and also the movement of their competitive markets.

As this data is updated quarterly, hospitals need to know how they are positioned in real time related to the performance of their identified competitors. Hospitals need to review the quarterly updates from the Hospital Compare database, identifying where the bell curve has moved, updating financial forecasting, and seizing upon strategic opportunities.

We advise hospitals to recalculate their forecast assumptions and use their most current data to provide the most accurate forecast of their organization’s performance and opportunities. Also, be sure that your organization’s performance is matching that of the pace of your competitors in order to maximize your financial performance and market growth.

Make sure your pay-for performance reports include:

  • A competitive analysis of providers’ performance in your market;
  • A financial forecast and performance comparative to the CMS database for VBP; readmissions, and hospital-acquired conditions (HACs); and
  • The most recent emergency department performance comparative

About the Author

Debbie is a partner and chief operating officer for DCCS. She has a broad background of CEO, COO, and operations leadership in systems (CHW, SCLHS, CHI) and freestanding health systems across the country. She brings experience in moving organizations forward to consulting and interim senior leadership and operating positions and has a strong strategic and clinical background with outstanding physician relations skills. She rejuvenates underperforming organizations and programs, raising performance and profitability, and develops leadership and workplace cultures that lead to high levels of performance and employee satisfaction. Her core skills include  vision/strategic planning, operations improvement, physician practice operations, leadership development, clinical quality/patient safety, service excellence, service line development, population management, mergers/acquisitions, physician alignment, ambulatory and physician services, and workplace culture development.

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Last modified on Tuesday, 24 May 2016 17:44

Debbie is a Partner and Chief Operating Officer for DCCS. She has a broad background of CEO, COO, Operations leadership in systems (CHW, SCLHS, CHI) and free standing health systems across the country. She brings experience in moving organizations forward to Consulting and Interim senior leadership and operating positions and has a strong strategic and clinical background with outstanding physician relations skills. She rejuvenates underperforming organizations and programs, raising performance and profitability and develops leadership and workplace cultures that lead to high levels performance and employee satisfaction. Core skills include: Vision/Strategic Planning, Operations Improvement, Physician Practice Operations, Leadership Development, Clinical Quality/Patient Safety, Service Excellence, Service Line Development, Population Management, Mergers/Acquisitions, Physician Alignment, Ambulatory and Physician Services, Workplace Culture Development