presentation copy

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


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


H E A LT H I N F O R M AT I O N E X C H A N G E

INTEROPERABILITY


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.


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


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