Challenges and Best Practices in
FINANCIAL MANAGEMENT and ACCOUNTING IN HOSPITALS a Conference and Knowledge Forum Saturday, 28th February, 2015 CONFERENCE AGENDA SPEAKER
TOPIC
TIME
NAME
DESIGNATION
ORGANISATION
PLACE
09:00 AM to 09:30 AM
REGISTRATION
09:30 AM to 09:45 AM
WELCOME ADDRESS & CONFERENCE INTRODUCTION
Mr. Paniel Jayanth
Founder & Chief Strategist
AMEN Business Solutions
Blore
09:45 AM to 10:00 AM
KEY NOTE ADDRESS
Dr. Satyasheel Biradar
Director
Medverve Healthcare
Blore
10:00 AM to 10:45 AM
Credit Business in Hospitals - Analysing the Past, Learning from the Present and preparing for the Future
Dr. Brahmesh Jain
Founder & Managing Director
Medverve Healthcare
Blore
10:45 AM to 11:30 AM
Revenue Cycle Management as an Emerging Innovative tool in Streamlining Financial processes in Hospitals
Dr. Ramesh Karmegam
Director
White Cross Clinics
Blore
Vidal Healthcare
Blore
11:30 AM to 12:00 PM
TEA BREAK
12:00 PM to 12:45 PM
Enhancing the Financial Transaction process between Insurance Companies, TPAs and Hospitals
Dr. Ravikumar Modali
AVP Medical Services
12:45 PM to 01:00 PM
Strategic Planning & Allocation of Hospital Budget. Effectively Managing Variable Income
Mr. Anuj Jindal
Healthcare Management Consultant
Blore
01:00 PM to 01:15 PM
Presentation by eClinical Works
01:15 PM to 02:15 PM
LUNCH Dr. Divya H M
Panel Moderator : Healthcare Management Consultant
Blore
Dr. Nitiraj M Gandhi
Manager – Clinical Services
Columbia Asia Hospitals
Blore
Mr. Ranjith Menon
Principal Consultant and Founding Team Member
ISOS Consultancy Services
Blore
Ms. Sunitha Nahar
Chief Operations Officer & CFO
Dr. Agarwal Hospitals
Blore
Dr. Akilesh Ramasamy
Chief Section Editor
International Archives of Medicine
Chennai
Dr. Narendranath V
Chief Administrator
M S Ramaiah Hospital & Medical College
Blore
Dr. Akilesh Ramasamy
Chief Section Editor
Applied Technology in Medicine, International Archives of Medicine
Chennai
Mr. Gowrishankar NJ
Managing Director
HSB Consulting
Chennai
02:15 PM to 03:15 PM
PANEL DISCUSSION : Effective Inventory Management as a Financial tool & Subsequent Cost-cutting without compromising on Quality
03:15 PM to 04:00 PM
Impact of Information Technology in enhancing Hospital Profitability
04:00 PM to 04:15 PM
TEA BREAK
04:15 PM to 05:00 PM
Fundraising Prinicples and techniques for Hospitals: What do investors look for?
5:00 PM ONWARDS
VOTE OF THANKS AND CLOSING
I M PA C T O F I T I N E N H A N C I N G P R O F I TA B I L I T Y
[email protected] Tweet me @akident http://akilmaxfac.com
Dr. Akilesh Ramasamy Chief Section Editor Applied Technology in Medicine International Archives of Medicine
ABOUT ME • Technosavvy Practicing Maxillofacial Surgeon • TeamSTEPPS(tm) Master Trainer • Lean Healthcare Thought leader with a vision for highly
reliable, transparent and accountable healthcare. • Chief Section Editor - Applied technology in Medicine,
International Archives of Medicine • Patient Safety Advocate - Regularly speaks on implementing a
culture of patient safety in hospitals. • Supporter and campaigner for rational use of antibiotics -
Editorial Associate for Indian Initiative for Management of Antibiotic Resistance.
Information ^ Technology
is no silver bullet
H E A LT H C A R E I T P E N E T R A T I O N • Billing & Financial Services • Inventory & Resource Management • Scheduling • EMR • CPOE
I T I N H E A LT H C A R E B U S I N E S S …
ELECTRONIC MEDICAL RECORD H E A LT H I N F O R M AT I O N E X C H A N G E ACTIVITY BASED COSTING SYSTEM PAT I E N T R E P O R T E D O U T C O M E S Y S T E M E N T E R P R I S E D ATA W A R E H O U S E
I T I N H E A LT H C A R E B U S I N E S S …
ELECTRONIC MEDICAL RECORD
G o Fo r “Cloud”
WHY CLOUD? •Cloud is easier to deploy •PaaS, IaaS, SaaS •Cloud saves real estate, energy, it’s reliable
and efficient
•Data Analytics
THE POWER OF “PUBLIC" CLOUD! CASE STUDY
Public Cloud | Fortis Healthcare
1,00,00,000 FA C I L I T Y W I S E C O S T S AV E D
DIGITIZE TO THE “CLOUD” CASE STUDY
Artemis | India
25,00,000 C O S T S S A V E D A S ‘ R E N T ' F O R PA P E R R E C O R D S
PA R T N E R S H I P F O R R E L I A B L E U P T I M E CASE STUDY
Sankara Nethralaya | India
Reliability PA R T N E R E D W I T H I B M F O R R E L I A B I L I T Y AND MINIMAL DOWNTIME
I T I N H E A LT H C A R E B U S I N E S S …
H E A LT H I N F O R M AT I O N E X C H A N G E
INTEROPERABILITY
I T I N H E A LT H C A R E B U S I N E S S …
ACTIVITY BASED COSTING SYSTEM
“ C O S T A C C O U N T I N G I S Y O U R F R I E N D .”
TIME DRIVEN ACTIVITY BASED COSTS
Does fracture care make money for hospital ? CASE STUDY
J Orthop Trauma | Dec. 2014 Length of stay Supplies Operating Time Use
Kleweno CP et al. Does Fracture Care Make Money for the Hospital? An Analysis of Hospital Revenues and Costs for Treatment of Common Fractures. J Orthop Trauma. 2014
Break-even Analysis for Major Ear Surgery! CASE STUDY
Clin Otolaryngol | Feb. 2015
110 min. 36 sec MAXIMUM OT TIME
Wasson JD1, Phillips JS. A break-even analysis of major ear surgery. Clin Otolaryngol. 2015 Feb 11. doi: 10.1111/coa.12390.
Why are we wasting time in OT ? CASE STUDY
Int. J. Health Plann | 2009
20 min
22 min
Shifting time
Surgeon
07 min Anaesthetist Saha et al. Why we are wasting time in the operating theatre? Int J Health Plann Manage. 2009 Jul-Sep;24(3):225-32. doi: 10.1002/hpm.966.
I T I N H E A LT H C A R E B U S I N E S S …
PAT I E N T R E P O R T E D O U T C O M E S Y S T E M
P
R
M
P
M
R
PAT I E N T CUSTOMER RESOURCE MANAGEMENT
PAT I E N T M A N A G E D R E S O U R C E S
ARTIFICIAL VARIABILITY
PROCESS IMPROVEMENT
RESTRUCTURING FOR EFFICIENCY
Smith et al. Re-engineering the operating room using variability methodology to improve health care value. J Am Coll Surg. 2013 Apr;216(4):559-68; discussion 568-70. doi:10.1016/j.jamcollsurg.2012.12.046.
I N T E G R AT E D C A R E U N I T S CASE STUDY
Migraine Care | Germany
20 %
54 %
COSTS
BETTER CARE
IT CANNOT BE “ I S O L AT E D ” …
I N T E G R AT E D PRACTICE UNITS
E X PA N D ACROSS GEOGRAPHY
I N T E G R AT E CARE DELIVERY
IT
MEASURE OUTCOMES & COSTS PER PAT I E N T
CHOOSE B E S T PAY M E N T MODE
IT MUST BE “ I N T E G R AT E D ” …
I N T E G R AT E D PRACTICE UNITS E X PA N D ACROSS GEOGRAPHY
IT
MEASURE OUTCOMES & COSTS PER PAT I E N T
CHOOSE I N T E G R AT E B E S T PAY M E N T CARE MODE DELIVERY
I N T E G R AT E D P R A C T I C E U N I T S ( I P U )
ORGANIZING CARE AROUND PATIENT MEDICAL CONDITIONS
TRADITIONAL CARE UNITS
•
THE DOCTORS, NURSE AND SPECIALISTS WORK AS “FREE AGENTS” TO C A R E F O R T H E PAT I E N T …
SPECIALIST
DOCTOR
NURSE
PAT I E N T
I N T E G R AT E D PAT I E N T U N I T S A N A LY S T S
IT SPECIALIST •D E C R E A S E C O S T S •I N C R E A S E D E F F I C I E N C Y •B E T T E R S A F E T Y •H I G H R E L I A B I L I T Y
DOCTOR
NURSE
PAT I E N T
•I M P R O V E D P R O F I T S
TEAM
CASE MANAGER
I T I N H E A LT H C A R E B U S I N E S S …
E N T E R P R I S E D ATA W A R E H O U S E
BUSINESS CASE FOR B I G D ATA I N H E A LT H C A R E
Enterprise Datawarehouse
A R E Y O U A D ATA N I N J A ?
H E A LT H C A R E A N A LY T I C S - T H E F U T U R E ! H E A LT H C A R E A N A LY T I C S A D O P T I O N M O D E L
L E V E L 0 : C O R E D ATA I N T E G R AT I O N L E V E L 1 : V O C A B U L A R Y, M E TA D ATA & D ATA G O V E R N A N C E L E V E L 2 : A U T O M AT E D I N T E R N A L R E P O R T I N G L E V E L 3 : A U T O M AT E D E X T E R N A L R E P O R T I N G L E V E L 4 : E V I D E N C E B A S E D P O P U L AT I O N M A N A G E M E N T L E V E L 5 : C U LT U R A L D ATA L I T E R A C Y L E V E L 6 : W A S T E E L I M I N AT I O N LEVEL 7: PERSONALISED MEDICINE
BEFORE IMPLEMENTING ANYTHING A L W AY S C O N S I D E R …
I M PA C T O F I T I N E N H A N C I N G P R O F I TA B I L I T Y
THANK YOU!
[email protected] Tweet me @akident http://akilmaxfac.com
Dr. Akilesh Ramasamy Chief Section Editor Applied Technology in Medicine International Archives of Medicine