Practice Management

How to Become a More Successful Innovator
STS News, Summer 2014 -- People and organizations must innovate in a changing world. In fact, innovation is the best way organizations can achieve sustained growth. This applies to the entire discipline of cardiothoracic surgery...Read more>

5 Tips for Navigating a Group Merger/Acquisition
STS News, Spring 2014 -- The evolution that is occurring in how we finance and deliver health care is resulting in consolidation throughout the industry. This, in turn, has put pressure on independent, private practitioners in all specialties, including ours. More than two-thirds of cardiothoracic surgeons have at least some type of financial arrangement with a hospital, university, or health system... Read more >

2014 Practice Management Summit to Address Changes in CT Surgical Practice
STS News, Winter 2014 -- The current health care environment is in the midst of major changes that may herald a shift in the practice and delivery of cardiothoracic surgery. Broad activity in hospital acquisition of US physician practices over the last 12 months has spawned substantial increases in the numbers of newly employed cardiologists, general surgeons, primary care providers, hospitalists, and cardiothoracic surgeons ... Read more >

Are Physician-Owned Hospitals Dinosaurs from the Past or Models for Our Future?
STS News, Fall 2013 -- There are currently 240 physician-owned hospitals in the United States. In this issue of Practice Management Pearls, Dr. Goya Raikar provides us with his view on the value of physician-owned hospitals and the efficiency of health care delivery. ... Read more >

Coding Help Desk Addresses Common Questions, Scenarios
STS News, Summer 2013 -- Every cardiothoracic surgeon wants to maximize his/her reimbursement within the prescribed payer rules. And while the intricacies of coding may seem complicated, the best outcomes are often achieved when the surgeon is informed and works in tandem with the office billers. ... Read more >

Gain a Power Position in Negotiation
STS News, Spring 2013 -- Many practicing cardiothoracic surgeons have entered into or will be entering into some type of contractual employment model. Whether the arrangement is with a large academic medical center or a community health system, this represents a drastic change ... Read more >

Surgeon Productivity: Are RVUs the End All, Be All?
STS News, Summer 2012 -- Cardiothoracic surgeons are approaching the 50 percent threshold of hospital employment in the United States. The interactions of becoming and staying employed involve some form of valuation of productivity as part of every contract negotiation ... Read more >

2012 Practice Management Summit to Address Important Projections of Health Care Reform and Lessons in Hospital Employment Contracting
STS News, Winter 2012 -- Quality-based initiatives, data reporting, and reimbursement are linked more now than ever, and changes in health care policy and delivery are affecting physicians and hospitals alike. Incentives for health care alignment have resulted in ... Read more >

STS 47th Annual Meeting Practice Management Summit: Navigating Hospital Employment, Health Care Reform
STS News, Winter 2010 -- The health care environment is in the midst of substantial change—change that may herald a fundamental shift in the practice of cardiothoracic surgery. Our cardiology colleagues, once defiant supporters of entrepreneurial health care ... Read more >

STS Practice Management Pearls: Hospital Employment - The Final Chapter?
STS News, Summer 2010 -- This installment of Practice Management Pearls does not take a stand on hospital employment, but rather promotes preparation, starting with a full understanding of your market, and offers some thoughtful lessons learned to consider before choosing the best long-term practice mode for your situation ... Read more >

Physicians Largely Exempted from FTC 'Red Flags Rule' Compliance 
Last year, the President signed the Red Flag Program Clarification Act of 2010 (P.L. 111-319) into law. The Clarification Act redefined the term “creditor” in a manner that substantially limits the application of the Federal Trade Commission’s Red Flags Rule to physicians.... Read more >

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