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Webinars

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.

Upcoming Webinar:

Making RVUs Meaningful in 2021

Making RVUs Meaningful in 2021

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'll 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 will 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
Join us on April 28th, 2021, at 1PM Eastern (NYC) as we discuss how automation and standardization are critical to meet today's data analytics challenges and tomorrow's unknowns. Presented by Scott Everitt, VP of Healthcare Solutions, and Kelly Constantinetis, Senior Business Intelligence Analyst at Practical Data Solutions.

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Our Most Recent Webinar:

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.
This webinar provides insight for comparing your current analytical tools and efforts against PDS Denial Analytics – a solution used nationally by many prestigious healthcare systems to manage denial rates and recover lost revenue from denials.

Originally present on March 24th, 2021.

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Our Recent Revenue Cycle Webinar Series:

Every Dollar Counts -
Maximizing Denial Recovery

Fee recovery from denied claims is a critical strategy practices must have to safeguard profitability; however, executing a denial recovery plan is far more complicated than merely setting a billing staff goal. Teams need to track denial patterns, understand transactional activity AFTER the denial, and formulate an appeals process that includes measurable results. An effective analytics platform, along with highly targeted and organized visualizations, will support a practice’s revenue integrity efforts.

Originally presented on February 24th, 2021.

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Medicare 2021 Impact:
Ensuring Revenue Cycle Integrity

The lessons of 2020 still linger. The pandemic and variable patient volumes have led to financial uncertainty in many practices. As healthcare organizations move into 2021, providers now must navigate the new RVU valuations and reimbursement decreases from CMS as part of their 2021 Physician Fee Schedule. Ensuring the utmost revenue integrity is critical at this time.

This webinar will explore revenue integrity strategies around the new E/M Coding rules, A/R Management, and Denials Prevention and Recovery to maximize a practice's bottom-line cash-flow.

Originally presented on January 20, 2021.

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Past Webinars:

Automating Excel to Drive Timely Reporting, Accuracy and Efficiency

Automating Excel to Drive Timely Reporting, Accuracy and Efficiency

Reporting in the healthcare industry relies heavily on Excel; however, automating report production can be difficult and time-consuming. Today, organizations are struggling to keep up with weekly and monthly reporting in light of additional requirements brought on by the pandemic. Without automation, managers and analysts may be spending more time creating and populating reports than using them to improve financial or operational performance in hospitals and practices. Learn about the common challenges with Excel and how to use the automation and dashboard design features in PDS DASH to maximize Excel's visualization and customization features. Understand how this powerful tool can reduce user errors, improve overall accuracy, and increase staff productivity by 20-60%.

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Modeling Medicare 2021 Proposed Changes

Modeling Medicare 2021 Proposed Changes

Using Analytics for Better Outcomes

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.

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Using Analytics to Manage Chronic Conditions with Today's Challenges

Using Analytics to Manage Chronic Conditions with Today's Challenges

How can providers ensure that patient populations have their chronic conditions promptly checked and treated now that practices are reopening for routine and non-critical care?

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.

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Timely Excel Visualizations for Evolving Healthcare Challenges

Timely Excel Visualizations for Evolving Healthcare Challenges

Learn how to design impactful, user-friendly Excel visual dashboards in hours.

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.

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Driving Bottom-Line Revenue: Leveraging Visual Analytics

Driving Bottom-Line Revenue: Leveraging Visual Analytics

Managing your revenue cycle is critical to the financial health of your organization. The goal is simple—ensure that all entitled revenue has been accurately captured, billed and collected. The revenue cycle creates massive amounts of data transactions which require appropriate staging and modeling to uncover lost revenues, understand denials and identify performance improvement opportunities. Learn how visual analytics can help identify performance gaps and focus leadership to drive and improve your organization’s financial performance.

Originally presented on March 18, 2020 by Practical Data Solutions' Scott Everitt, Vice President of Healthcare Solutions, and Kelly Constantinetis, Senior Business Intelligence Analyst.

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Designing Reusable Data Models - Evolving Your Data Warehouse

Designing Reusable Data Models - Evolving Your Data Warehouse

Learn about a data mart approach to building healthcare data warehouses to optimize data analytics and reporting without needing a long-term plan or large capital investment.

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.

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Merging Data From Multiple Systems:  When 1 + 1 = 3

Merging Data From Multiple Systems:
When 1 + 1 = 3

Learn about the challenges of merging healthcare data from multiple software systems and about the need to build robust data models from the ground up so that users have full access to slice, dice, and drill to detail-based data with a few clicks.

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.

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Denials: An Ounce of Prevention...

Denials: An Ounce of Prevention...

Learn how to analyze denials to determine causes, complications, and costs associated with the most common healthcare denied claims. Claims denial rates in recent studies range from 6% to 21% of revenue collections within physician practices. While many of these denials can be effectively appealed and recovered, it is time consuming, expensive, and can have a dramatic effect on cashflow and reimbursement rates.

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.

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Effectively Communicating Physician Compensation with Visual Analytics

Effectively Communicating Physician Compensation with Visual Analytics

Learn about physician compensation effective visualization and reporting that include benchmarks, RVUs, peer and group performance markers, patient satisfaction feedback, and scheduling data.

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.

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Improving Patient Access with Visual Analytics

Improving Patient Access with Visual Analytics

The goal of any patient access initiative is fairly simple – to find capacity. We want our providers to be accessible to more patients, we want wait times for appointments to be as short as possible, and we want our patients’ satisfaction with their ability to see their provider to be as high as possible. Achieving that goal, however, can be difficult due to several challenges in the organization. Are our providers scheduling efficiently? Are we offering services at times and locations convenient for our patients? How long does it really take for a patient to get an appointment? Answering these questions is the key to achieving the goal. That is why being able to visualize and understand your organization’s patient access data is more critical than ever.

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Identify and Manage Hidden Denials Through Analytics and Visualizations

Identify and Manage Hidden Denials Through Analytics and Visualizations

Claims denial rates in recent studies ranged from 6% to 21% of revenue collections within physician practices. What is often not included in these rates are the hidden denials lurking within the details of the billing and reimbursement systems. Applying analytic techniques and visualization of data provides a focused view of denials and allows for the development of strategies to treat those reasons and quantify the results of recoveries and lost revenues.

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Hypercards for Healthcare - Inject Zero-Click Intelligence about Patients, Physicians and Payers

Hypercards for Healthcare - Inject Zero-Click Intelligence about Patients, Physicians and Payers

HyperIntelligence helps healthcare organizations deliver intelligence by leveraging their existing analytics across the entire organization. The transformation of information into actionable intelligence with technology can make a major difference in optimizing performance in a variety of critical areas.

For Example:
  • 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
Learn how MicroStrategy Analytics, coupled with Practical Data Solutions’ 20+ years of healthcare experience, is transforming organizations with actionable intelligent analytics.

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MANAGING REVENUE INTEGRITY WITH ANALYTICS

MANAGING REVENUE INTEGRITY WITH ANALYTICS

Revenue Integrity is interpreted differently by different organizations, but the core function is common to all: ensuring that all entitled revenue has been accurately captured, billed and paid. Revenue Integrity encompasses the functions of the revenue cycle, in addition to capturing all potentially unrecognized revenue.

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.

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USING ANALYTICS FOR STRATEGIC GROWTH

USING ANALYTICS FOR STRATEGIC GROWTH

As Medical Practices look to better serve their patients, the question of the best ways to expand can become tricky. Should the practice add new providers or specialties? Would new locations be more convenient for patients? How can the practice best balance the need to grow with the resources available?

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

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LEVERAGING ANALYTICS FOR PAYER CONTRACT ANALYSIS

LEVERAGING ANALYTICS FOR PAYER CONTRACT ANALYSIS

Analyzing new payer contracts has never been easy with ongoing changes in reimbursement models and quality metrics reporting. Organizations are searching for better methods of analyzing current and proposed contracts. Learn how the analysis of benchmarked metrics and reimbursement trends allow practices to understand and leverage better information in negotiations with their payers.

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Call PDS 203.262.9224