I’ve been working in healthcare finance for about 26 years and I can’t think of another time when we had this level of risk within the industry. (Eric Jordahl, Kaufman, Hall & Associates) A phrase commonly heard in many industries—risk management—migrated to the healthcare industry several years ago. But the financial crisis has moved […]
Veralon Views Blog
The Veralon Views blog is an extension of our partnership with leaders who are transforming the healthcare industry. Here, we share expert perspectives from our nationally recognized senior consulting team on issues that are key to the success of your organization.
Health systems and their employed physicians have priorities that may conflict or align. The key is to agree on shared opportunities and pursue them.
Before the early 20th century, there were virtually no physician specialists in the United States. Today, the list of physician specialties continues to expand as medical knowledge grows with new discoveries and advancements in technology. Now, healthcare leaders must consider: How does this super-specialization affect physician compensation? Specialization and Sub-Specialization Historically, physicians were generalists, but […]
The First Wave 2021 was the big year for WRVU changes associated with CMS’s extensive and far-reaching updates to the Medicare Physician Fee Schedule (MPFS). The changes, designed to ultimately be budget neutral, restructured reimbursement to increase payments to cognitive specialists (such as primary care and other medical specialties) and reduce reimbursement to procedure-based specialists. […]
We are thrilled to announce that IPROTEAN, the health care industry’s top virtual board education company, has been acquired by Veralon Partners Inc. (Veralon), a leading national health care consulting firm specializing in strategy, M&A, financial planning, business valuation, and provider compensation. This continues to be a time of rapid change and evolution in the […]
A colleague asked, “Why is the Kaiser/Geisinger announcement such a big deal? There have been a lot of mega mergers.” An excellent question. This was more than just a $95B insurer/health system acquiring a $7B one. Here’s why: Kaiser Permanente has long been recognized as an iconic leader in value-based care, but they have largely […]
How is governing a health system different than governing a hospital? What principles make for excellent system oversight? Governance expert Jamie Orlikoff shares the fundamentals of health system governance in our latest course series. Watch the trailer now.
What happens when you bring wisdom from outside of healthcare into your organization? One New Hampshire CEO is thinking outside of the box and testing this out. Tom Mee, CEO of North Country Healthcare, is standardizing quality of care across the four facilities that make up his healthcare network by standing up a LEAN Six […]
Given the financial realities, it is imperative that Academic Medical Centers (AMCs) have a funds flow model that is equitable, rules-based, and aligned with the goals of the institution at large. Review this checklist of criteria to determine whether your institution should consider revisiting its funds flow model. Review this checklist of criteria to determine […]
LMH Health is celebrating 101 years of independence and plans to keep things that way. We want to congratulate CEO Russ Johnson and his board for formalizing their new strategic clinical partnership with the The University of Kansas Health System! In this new series, Preparing for Strategic Partnership, Russ walks us through the various considerations […]