PDS hosted webinars provide unique perspectives and offer valuable solutions for healthcare organizations. They provide insight on how PDS delivers solutions that can immediately impact your organization’s bottom line.
Recent Webinar Recordings:
2021 RVUs ~ Empowering Healthcare Users with Self-Service Analytics
This webinar will take you from guided analytics for casual data users to the more powerful OLAP functionality for key power users. See the crucial role web-based visualizations can play in your organization and explore the power of automated Excel dashboard generation.
"Self-service analytics" means the right users have the right information at the right time; however, many organizations deal with roadblocks when trying to access data. A transparent analytics strategy can ensure users have the insight and training to retrieve and manage key critical metrics.
Key Topics include:
- Multiple Sets of RVUs for Effective Management in 2021
- OLAP Technology for Quick Slice-and-Dice of Data
- Role of Security in Guided Analytics
- Reports with Prompts
- Interactive Visualizations vs Excel Dashboards
Making RVUs Meaningful
Pulling standardized reports out of an application can result in metrics that are not measuring what an organization needs to manage successfully. Today, one set of Work RVUs and Total RVUs is not enough given today's CMS modifications. Leading-edge tools, enhanced data models, and a new way of thinking are now needed to manage productivity, payer contracts, and physician compensation effectively.
In addition to RVUs, other uniquely defined metrics – such as visits, cases, encounters, and denials – bring challenges to reporting. Practices that use multiple billing systems exponentially increase the variation between those metrics.
In this webinar, we focus on how to model your data to organizational and industry standards so that you can quickly understand what's changing, what's working, and what needs improvement.
Webinar topics include:
- RVU roles in Productivity, Reimbursement, and Compensation
- Incorporating Benchmarks, Budgets, and Targets
- Metrics typically requiring customization (Visits, Cases, Encounters, Denials, etc.)
- Best practices in organizational standards for reporting
- Challenges with multiple billing systems
Maximizing Revenue Performance with
PDS Denials Analytics
The significant changes in RVUs and CMS reimbursement require organizations to implement best-practice management regarding revenue integrity. Effective prevention and recovery of denials is essential to maximize the bottom-line. Learn how PDS Denial Analytics, coupled with leading-edge revenue cycle management strategies, can take your practice from average financial performance to outstanding results.
Understand how PDS Denial Analytics delivers structured data for clarity in reporting and useful visualizations to:
- Categorize denials into effective reporting dimensions to increase comprehension.
- Understand recovery successes and failures for most efficient use of limited resources.
- Deliver focused dashboards for departmental process improvement.
- Manage cashflow impact against recovery and prevention efforts.
- Measure the financial benefits of focused analytics on denial challenges.
Originally present on March 24th, 2021.
2021 Revenue Cycle Webinar Series:
In August, CMS released its annual proposed rule changes to the Physician Fee Schedule for 2021. The changes include an increase in RVU valuation and payments for common E&M Codes, and an expanded list of approved telehealth services. However, due to budget neutrality requirements, the proposed RVU conversion factor decreases. Medical groups and practices need to understand – now – the potential impact these changes will have on their financial health and viability.
In this webinar, Scott Everitt, VP of Healthcare Solutions, and Russell Hendrickson, CEO, discuss how data analytics can predictively model the proposed changes and assist practices in forecasting and planning for 2021 and beyond.
Anyone who manages Revenue Cycle, Reimbursement, Physician Compensation or Productivity will find the content of this webinar extremely beneficial.
Originally presented on September 23, 2020, by Practical Data Solutions’ Scott Everitt, MBA, Vice President of Analytic Solutions and Russell Hendrickson, CEO.
Learn how to use visit data, structured with Hierarchical Condition Coding (HCCs), to focus efforts, organize care teams, and close the gaps created by the pandemic. We will discuss how the strategic use of data analytics can assist in identifying chronic condition patients in need of visits. We will also show how analytics can manage provider availability, and identify potential efficiency improvements utilizing in-office, phone, and telehealth for improved access and minimized exposure for patients. Through a better understanding of patient populations - and a planned, proactive outreach - practices can more effectively provide quality care, treat at-risk patients, and ensure appropriate reimbursement.
Originally presented on July 29, 2020, by Practical Data Solutions’ Russell J. Hendrickson, President & CEO and Kelly Constantinetis, Senior Business Intelligence Analyst.
Healthcare organizations need the power of data analytics, adaptable reporting, and visualizations now more than ever. PDS will show proven approaches that leverage your current Excel skills and pave the way to providing timely, dynamic visualizations to meet the current – and rapidly evolving – needs of today’s challenging healthcare environment. When needs are critical, and resources are constrained, see how Excel’s flexibility can be enhanced using simple design techniques to produce new cost-effective, insightful reporting. This Webcast will showcase proven Excel dashboard designs that can be implemented today to identify financial and performance improvement opportunities in hospitals and practices.
Originally presented on June 17, 2020, by Practical Data Solutions’ Scott Everitt, MBA, Vice President of Analytic Solutions and Michele Perry, Vice President of Service Delivery & Web Analytics.
Originally presented on March 18, 2020 by Practical Data Solutions' Scott Everitt, Vice President of Healthcare Solutions, and Kelly Constantinetis, Senior Business Intelligence Analyst.
Following best practice data modeling, “data mart” designs can help you build leverageable data sets to optimize reporting, blend data and correlate answers efficiently. Webinar will discuss the pitfalls of poor data modeling and the advantages of following best practice structures to build data marts that can be joined and reused to drive higher-level thinking. Results come from staging data effectively.
Originally presented on Feb 26, 2020 by Practical Data Solutions’ Scott Everitt, PDS Vice President of Healthcare Solutions, and Sean Phipps, PDS Senior Programmer.
During this webinar, you will see examples of data analytics reporting, blended data visualizations, as well as gain insight into PDS’ best practice, incremental approach, to ensure data is modeled appropriately for short-term and long-term success.
Originally presented on January 22, 2020 by Practical Data Solutions’ Russell Hendrickson, CEO, and Michele Perry, Vice President of Web Analytics.
We discuss data analytics techniques and how the visualization of data can provide a focused, insightful view of denials. We show how the use of strategic reporting and dashboards can prevent denials caused by in-house staff, documentation issues, and common charge entry or coding errors. Using initiatives brought into focus with data analytics tools, practices can realize substantial cost savings and improve operating efficiencies.
Originally presented on October 30, 2019 by Practical Data Solutions' Scott Everitt, MBA, Vice President of Analytic Solutions, and Becky Cook, Executive Consultant.
Understand why data analytic visualizations that include benchmarks, colors, definitions, and other features can effectively guide an analyst through the physician compensation analysis – including actual compensation calculations, comparisons to peers or benchmarks, and group performance markers. Including population health results, patient satisfaction feedback, and scheduling data allows the reader to understand the drivers of physician compensation and how to improve compensation.
Originally presented on September 25, 2019 by Practical Data Solutions’ Russell Hendrickson, CEO, and Becky Cook, Executive Consultant.
- The clinic front desk can more easily understand patient no-show rates and uncollected patient balances
- Department administrators can better visualize and optimize physician productivity
- Collections analysts have the ability to access the recovery rates on denied claims
Revenue management processes create massive amounts of data transactions, which require appropriate staging and modeling to uncover hidden revenues or cost reduction opportunities. Learn how analytics can pinpoint new revenues, unpaid denied claims and other processes to improve your organization’s financial performance.
In this webinar, PDS discussed how the effective use of analytics can help practices:
- Identify growth opportunities
- Monitor strategic productivity and patient access gaps
- Look for underserved populations
- Predict new revenue streams
- Calculate payback time and potential returns on investments made in growth of the practice