Mountain States Health Alliance: Changing Healthcare Delivery - Marvin Eichorn, Mountain States Health Alliance
Marvin Eichorn, a speaker at the marcus evans National Healthcare CFO Summit Spring 2012, on changing the business model of healthcare. Interview with: Marvin Eichorn, Senior Vice President and Chief Financial Officer, Mountain States Health Alliance
Published on: Mar 3, 2016
Transcripts - Mountain States Health Alliance: Changing Healthcare Delivery - Marvin Eichorn, Mountain States Health Alliance
Mountain States Health Alliance: Changing Healthcare Delivery We are looking at having to operate in improve care and lower costs. If a an FFS environment which will be healthcare provider reduces total difficult as all services will become healthcare spending for its patients unbundled and paid for separately. below the level that the payer expects, Healthcare CFOs must work towards the provider will be rewarded with a changing healthcare delivery in the long portion of the savings. The result is that term; in the meantime, there are the payer will be spending less than several other efforts that they can usual and the provider will receive more undertake to ensure efficiency. revenue than usual. Hospitals are focused on reducing and Capitation involves a Health eliminating as much as they can, but Maintenance Organization (HMO) paying that is not the solution. By consolidating a fixed sum per person for a certainInterview with: Marvin Eichorn, in specific areas, we have had period of time, typically one year. If thatSenior Vice President and Chief phenomenal success in reducing our plan is managed well and there isFinancial Officer, Mountain States supplies expense by eight per cent. By money left over at the end of the year,Health Alliance implementing real-time software, CFOs then the HMO will profit. If not, they will can better understand staffing on an have to deal with a loss. hour-by-hour basis and reduce excessTimes will only get harder for staffing where the volume does nothealthcare Chief Financial Officers support it.(CFOs) when they will begin operatingin a Fee-For-Service (FFS) environment, There are major efforts underway by There has never been a moreas all services will be paid for the US government and commercialseparately, says Marvin Eichorn, Senior payers to change the business model ofVice President and Chief Financial healthcare, which will hopefully bendOfficer, Mountain States Health Alliance.“To create an affordable healthcare the c o s t c ur v e . A ll he althc ar e professionals understand that challenging timesystem, we must work together tochange healthcare delivery,” he adds. something must be done to lower costs because the current s ystem is in the healthcareA speaker at the upcoming marcus unsustainable. industryevans National Healthcare CFO What payment models will helpSummit Spring 2012, taking place in maximize reimbursement forHollywood, Florida, April 26-28, Eichorn services provided?discusses what healthcare professionals What long-term strategies couldcan do to ensure efficiency and move There are two payment models that you share with healthcare CFOs?towards an improved healthcare could potentially increase revenue: thesystem. shared-savings and the global/partial Develop a broad set of skills and capitation models. continue to work to enhance andHow can healthcare CFOs effectively develop those even further, becausebalance the quality of care and The federal government is trying to there has never been a morecosts in today’s economic achieve a shared-savings model that challenging time in the healthcareenvironment? supports and rewards those who industry.
About the National Healthcare CFO Summit Spring 2012 The Finance Network - marcus This unique forum will take place at The Westin Diplomat Resort & Spa, Hollywood, evans Summits group delivers Florida, April 26-28, 2012. Offering much more than any conference, exhibition or peer-to-peer information on trade show, this exclusive meeting will bring together esteemed industry thought strategic matters, professional leaders and solution providers to a highly focused and interactive networking event. trends and breakthrough The Summit includes presentations on strategies for improving the revenue cycle, innovations. preparing for healthcare reform, and being in a position to be able to take advantage of the impending changes in the healthcare system. www.healthcare-summit.com Please note that the Summit is a Contact closed business event and the number of participants strictly Stacey Melvin, Journalist, marcus evans, Summits Division limited. Tel: + 357 22 849 400 Email: firstname.lastname@example.org For more information please send an email to email@example.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to firstname.lastname@example.orgAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsLong-Term Care CXO Summit - www.longtermcaresummit.comNational Healthcare CNO Summit - www.healthcare-summit.comNational Healthcare CXO Summit - www.healthcare-summit.comTo view the web version, please click here: www.healthcare-summit.com/MarvinEichorn