During this session, presenters will take a look at recent hot topics related to revenue recognition. In addition, hear how Trinity Health, one of the largest Catholic health care systems in the U.S., tackled adoption of the new standards and wrote an accounting policy to address the new standards. We will discuss the impact this had on their financial statements as well as lessons learned from implementation.

Learning Objectives:

1. Learn about considerations for accounting for risk contracts and provider taxes.
2. Overview of other implications arising from implementation.
3. Learn how Trinity tackled applying the new standards to $18 billion of revenue.
4. Go over their application of the portfolio approach.
5. Discuss overview of documentation included in their accounting policy.
6. Understand how the standards appear in Trinity Health's FY2019 audited financial statements.
7. Review lessons learned from their implementation of the standards.

This session will focus on audit and accounting updates, including both FASB and GASB updates. During the session, panelists will review changes in accounting and auditing standards. Session will continue in Session #14, Part 2.

Learning Objectives:

1. Develop awareness of new accounting and auditing guidance that has recently been issued.
2. Identify Exposure Drafts for proposed accounting and auditing guidance.

Continuation of Part 1 (Session #13). This session will focus on audit and accounting updates, including both FASB and GASB updates. During the session, panelists will review changes in accounting and auditing standards.

Learning Objectives:

1. Develop awareness of new accounting and auditing guidance that has recently been issued.
2. Identify Exposure Drafts for proposed accounting and auditing guidance.

The transition from fee-for-service reimbursement to value-based payments is rapidly accelerating. Learn from several new models including pay-for-performance, episodic payments, shared savings arrangements, and global budgets.

Learning Objectives:

1. Learn current state of risk based models.
2. Learn fundamentals of popular models.

The presentation will review current developments in Medicare litigation, including the Supreme Court decision in Azar v. Allina Health Services and other pending federal cases. We will also review CMS's adjustments to the Area Wage Index for FY 2020 and potential legal challenges to the policy. Lastly, we will review national proposals concerning surprise billing and hospital price transparency, including the potential for future litigation concerning HHS' price transparency proposed rule.

Learning Objectives:

1. Learn current developments in pending Medicare cases and the outlook for litigation on the Area Wage Index adjustments and other proposals.
2. Understand current proposals around surprise billing price transparency.

Healthcare organizations are investing heavily to replace their aging enterprise resource planning (ERP) systems with the latest Cloud technologies. There are many reasons for this and significant opportunities from leveraging the latest ERP technologies.There are also several risks that need to be carefully managed with initiatives of this nature.

Learning Objectives:

1. Identify risks to manage from leveraging the latest ERP technologies.
   
2. Learn why investments in this area are becoming so prevalent, how to optimize benefits realized and manage associated risks.

The group will discuss the history of hospital transactions and how they have evolved over the past several decades. In addition, we'll discuss the challenges faced by small, distressed hospitals in the current environment and real examples in the marketplace.

Learning Objectives:

1. Gain a better understanding of the history of hospital transactions.
   
2. Learn insights on options for current distressed hospitals.

During the session, we will discuss building a value and data-driven patient-centered healthcare ecosystem. Discussion will include lessons learned from other disrupted industries.

Learning Objectives:

1. Understand how to build successful digital innovation teams.
   
2. Learn how design and digital technologies can change how we deliver care.

The artificial intelligence revolution is here and everywhere. PwC research finds that close to 40 percent of U.S. jobs could be replaced by robots in the next 15 years. AI’s impacts and implications are shaping the future of healthcare and causing enormous societal shifts.

This interactive session will introduce the foundations of AI, machine learning, deep learning and natural language processing, using easy-to-understand and relatable examples. The emphasis will be on their practical applications in healthcare and how they can transform personalized medicine and population health. The legal, ethical, moral, public policy and future workforce concerns of AI will be addressed to better prepare healthcare professionals to ride the wave of the fourth industrial revolution.

Learning Objectives:

1. Explain the concepts, trends and developments in AI, machine learning, deep learning and natural language processing in an easy-to-understand and relatable manner.
   
2. Discuss practical and game-changing applications of AI in healthcare transformation, and address legal, ethical, moral and public policy concerns.

Most hospital executives realize that improving a patient’s financial experience should be an integral part of their efforts to improve overall patient satisfaction. This presentation will describe the fundamental elements of price transparency, the financial experience that every hospital and health system should master. With a solid foundation, hospitals can prepare to meet rising consumer expectations in a digital/mobile age.

Learning Objectives:

1. Discuss ways of elevating the patient financial experience.
   
2. Describe best practices for effective communications with patients about financial matters.
   
3. Identify ways to prepare to meet rising consumer expectations.