Financial Systems Symposium: "Show me the Money!" in Today's Environment

Show Me the Money! The healthcare industry is undergoing major changes with the selection and reimbursement of patient care directly impacting providers and their financial management of the organization.

Drivers of this change include the movement toward electronic payments, the push for real time processing, process changes from patient scheduling to final payment tracking, increasing consumer driven involvement and emerging new players in the financial arena. These drivers are pushing the limits of the current environment infrastructure, moving both information technology and processes closer to what many label as retail healthcare. Join us for this half day symposium which will explore these important issues with industry experts.

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Financial Systems Symposium Welcome and Overview

Saturday, April 4, 8:00 AM - 8:15 AM

Jill Rumberger, PhD

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
The opening comments will review the many topics to be discussed and key points to look for in each of the sessions.

Speaker Information:
Jill Rumberger, PhD
Assistant Professor, Pennsylvania State University, School of Public Affairs

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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Electronic Payment: The Challenges and Resources

Saturday, April 4, 8:15 AM - 9:00 AM

Sally Christian
Sharon Frye
Jack Harja

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
While the vast majority of claims submitted today are electronic, 'back-end' processing of the revenue cycle remains largely paper based. This session assesses the current state of electronic payment, remittance processing and the obstacles both providers and payers face with the transition of a fully electronic revenue cycle.

Speaker Information:
Sally Christian
Gateway EDI
Sharon Frye
Section Head - Special Projects, Revenue Cycle Systems, Process and Training, Mayo Clinic
Jack Harja
EDI Process Owner, Provider Connectivity Services, Humana

Objectives:

  • Define electronic payment and the current methods for implementing it
  • Describe the current level of electronic payment adoption in healthcare
  • Articulate the roles of the major players in the electronic payment process including providers, vendors, payers, banks and clearinghouses, and the obstacles they face in increasing the adoption of electronic payment
  • Describe current strategies for advancing electronic payment adoption

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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A New Administration and Healthcare Agenda-Impacts on the Healthcare Equation (Joint Financial Systems and Payer Symposia session)

Saturday, April 4, 9:15 AM - 10:15 AM

Julie Boughn

Topic Information:
Business and Financial Management Systems
Public Policy Initiatives - Primary Topic

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Description:
New leaders in Washington, DC will undoubtedly bring new ideas and agendas for the healthcare industry. This session will feature one senior executive from Centers for Medicare and Medicaid Services who will explore and discuss potential directions and related information technology initiatives for the industry. The speaker will also include comments on potential changes which can impact consumers, providers and payers.

Speaker Information:
Julie Boughn
CMS Chief Information Officer & Director, Office of Information Services, Centers for Medicare and Medicaid Services

Objectives:

  • Identify what role(s) federal leaders see Health Information Technology playing to help achieve increased health insurance coverage
  • Examine how a new administration, placing a new emphasis on health industry reform, might use Health Information Technology to "bridge the information gap" between providers, patients and payers
  • Discuss how the government can help consumers better understand the relationship between cost, quality and healthcare services
  • Explore how "transparency" and quality measurement initiatives will be implemented

Location:
Convention Center

Room:
S403 a

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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Leveraging New Services from the Banking and Clearinghouse Sectors

Saturday, April 4, 10:30 AM - 11:15 AM

Tom Turi
Caterine Warren

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
This session will discuss new and evolving solutions from the banking and clearinghouse sectors for accelerating revenue cycle for providers and delivering efficiencies for payers.

Speaker Information:
Tom Turi
Senior Vice President, Financial Services, Emdeon, Inc.
Caterine Warren
Senior Vice President and Healthcare Industry Strategist, Global Treasury Services (GTS)

Objectives:

  • Identify specific actions to take that will reduce the role of the USPS from your revenue cycle
  • Assess your process for managing your collections in a dynamic environment
  • Manage what your customer (the patient) experiences throughout the process, from scheduling to settlement, and collect payments along the way

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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Leverage IT to Address Patient Responsibility

Saturday, April 4, 11:15 AM - 12:00 PM

Rod Bazzani
Keith Mertz
Kenneth Willman

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
Providers are reliant on their patients at an ever increasing rate to to "show them the money." The growing reality of the emerging consumer patient makes it more likely that providers will have to show patients their financial responsibility before providing quality services. This session explores how IT enables this as a new standard best practice for providers in maximizing revenue.

Speaker Information:
Rod Bazzani
Executive Vice President, TransUnion
Keith Mertz
Director, Product Management, RelayHealth
Kenneth Willman
Director, Provider Interface, Humana

Objectives:

  • Discuss how to proactively address potential identity issues such as medical identity fraud, outdated addresses, insurance eligibility issues and adherence to FACTA Red Flag regulations which may be applicable to your hospital if you issue credit as a payment plan
  • Provide Best Practices for estimating patient's out-of-pocket charges, determining the ability to pay at the time of service or post-discharge, and collection strategies
  • Highlight strategies for assessing your self-pay patient's financial wherewithal and potential eligibility for public assistance or charity programs
  • Using data analytics to map appropriate workflows for your patient mix

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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The Impact of Consumerism on Healthcare: Lessons from Online Retail

Saturday, April 4, 12:00 PM - 12:45 PM

Russ Anderson

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
Examine how consumerism is changing how providers and payers respond to patients. Evaluate key market drivers and how online retail can serve as a useful model to help develop solutions.

Speaker Information:
Russ Anderson
Prodcuct Manager of Financial Solutions, Availity, LLC

Objectives:

  • Examine key market drivers that are shifting an increasing financial burden for healthcare costs onto consumers
  • Identify parallels to the online retail sector that can help make sense of emerging patient needs and understand how to respond to them using successful strategies prevalent in online retail
  • Discuss several existing and future services and approaches that will allow providers and payers to quickly respond to these pressures

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.

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Symposium Wrap-Up

Saturday, April 4, 12:45 PM - 1:00 PM

Jill Rumberger, PhD

Topic Information:
Business and Financial Management Systems - Primary Topic

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Description:
The Symposium will wrap up with a panel discussion and open question and answer period so that the topics covered can be explored in more detail and to address specific questions regarding the information presented.

Speaker Information:
Jill Rumberger, PhD
Assistant Professor, Pennsylvania State University, School of Public Affairs

Location:
Convention Center

Room:
S404 c

Fee:
$125.00

Interested in registering for this symposium? Click here for more information.