Strategy & Application
JOIN YOUR HEALTHCARE COLLEAGUES FROM MARCH 3-5, 2019 IN VIVA LAS VEGAS!
MGMA19 | The Financial Conference is an industry-leading financial management conference designed to arm healthcare professionals with the education and tools needed to run a more profitable and efficient practice. Year after year, The Financial Conference brings together leading financial experts from across the healthcare spectrum to help them make better financial decisions by digging deep into financial management, payer contracting analysis and negotiation, business intelligence, revenue cycle management best practices.
What is the ultimate takeaway from this conference? To make your practice more financially sound and healthy.
12:00-3:00pmPRE102: Strategies to Manage Costs in Value-based Care
Speakers: Doral Jacobsen, MBA, FACMPE, CEO, Prosper Beyond Inc. and Joanie Cochran, BSM, CPC, CPCO, CRC, CEO, Revenue Cycle Innovations LLC
Session DetailsFinancial Management
Intermediate | Interactive
Starting in 2019, cost of care may represent 15% of a practice’s Quality Payment Program’s (QPPs) MIPS score, and as early as 2022, cost of care may carry the same weight as quality (30%). Similarly, in order to build success with value-based models with commercial payors, practices will need to continue to improve efficiency and reduce healthcare costs. This interactive session will address important topics ranging from attribution definitions for the QPP’s total per capita cost, data visualization examples demonstrating strategies to evaluate total cost of care data, tips to proactively utilize total cost of care data, and much more.
This session will provide you with the knowledge to:
Calculate total cost of care with your practice datasets
Analyze total cost of care data and develop initiatives to better manage cost
Examine total cost of care data to use in mergers & acquisitions, payer contracting, recruiting, network alignment, compensation, and more