And four more news items for hospital administrators, health system executives, practice managers, and other healthcare leaders to peruse this week
- Last week, Becker’s Hospital Review shared more than two dozen things decision makers at health systems should understand about physician practice valuations. Provided by a team of experts at a Chicago-based valuation firm, these insights include process overview, discerning the valuation process, possible challenges, and current trends.
- Drawing from a compilation of interviews and consulting experiences, the founder of havebigplans.com, an online business-coaching platform, presents strategies for growing a successful medical practice in a piece published by Forbes. In addition to providing tips on how to hire the right staff, she offers guidelines on investing in your team and brand as well as establishing a winning culture.
- Seventeen percent of respondents to a recent Medical Group Management Association (MGMA) poll indicate that their electronic funds transfer (EFT) payments from health plans included a fee. Moreover, the majority of this group of roughly one in six respondents said a third-party payment vendor was used. To prevent health plans from charging practices a fee to receive an electronic check, MGMA’s senior vice president of government affairs says the Centers for Medicare & Medicaid Services should issue regulations to overtly prohibit the action.
- The American Healthcare Documentation Professionals Group has launched Scribe Vibes, an online forum geared to medical scribes, individuals studying for certification, and healthcare organizations interested in developing their team of scribes. Discussion topics include best practices and information for practice managers, hospital executives, and department heads who want to start a scribe program at their facilities.
- Developments in healthcare information technology are continuous and keeping up with them is often an ongoing challenge for hospital leaders and other facility executives. An infographic from Peak 10 + ViaWest underscores the greatest pain points in healthcare IT today—according to findings from The Peak 10 2016 Healthcare IT Study—and highlights how organizations are dealing with them.