This includes sessions from the conference: Health Care Industry Conference 2018
This presentation will go over UMC's experience of the shooting that occurred on October 1, 2017. During the session, the speaker will cover what the medical center did well during the incident, what they learned, etc.
1. Understand the importance of Incident Command Center.
2. Learn how to prepare and manage through crisis.
3. Discuss the importance of communication during a crisis.
Losses on physician practices present a significant compliance risk for health systems based on government enforcement trends. Such losses are generally considered to be “red flags” for FMV and commercial reasonableness (“CR”). Since losses on physician practices are common, most health systems face significant enforcement risk for FMV and CR issues. This session will discuss these enforcement trends and analyze the unique reasons why most health systems lose money on their practices. It will also provide a framework for health systems to address the enforcement risk emerging from their practice losses.
• Learn about enforcement trends involving practice losses
• Understand the causes of practice losses in health system practices
• Develop an enterprise risk management approach to address practice losses
This session will be a general overview of the healthcare private equity market.
1. Obtain a better understanding of recent trends.
2. Discuss areas of interest for investment, valuation multiples, etc.
The primary objective of this session is to educate participants on how the use of Artificial Intelligence (e.g., machine learning, Natural Language Processing), Applied Data Sciences and RPA is transforming and automating revenue processes throughout the healthcare industry and will be a key factor in optimizing future revenues for healthcare providers.
• Discuss high level views on the technology and impact to the business
• Discuss the challenges and risks with deploying these tools
• Discuss the advantage of more robust integration capabilities.
This session will describe the changes in the 2018 revision to Government Auditing Standards the 'Yellow Book') as well as the 2018 OMB Compliance Supplement. The 2018 OMB Compliance Supplement is unique in that it does not stand on its own and now auditors will have to use it in connection with the 2017 OMB Compliance Supplement. This session will also discuss any regulatory developments that may affect the Uniform Guidance.
1. Indicate the changes to the 2018 Yellow Book
2. Recognize how the 2018 OMB Compliance Supplement is to be used
Health care providers must navigate a complex array of federal laws that govern how they conduct their business and operations. This session provides a general overview of the health care regulatory environment by outlining four important federal statutes. The session will cover the False Claims Act, the Anti-Kickback Statute, and the Physician Self-Referral Law (Stark), which are intended to combat health care fraud and abuse, as well as the Health Insurance Portability and Accountability Act (HIPAA), which protects the privacy and security of patient health information.
1. Understand the key concepts of each law.
2. Learn what each law requires, how it applies in the health care context, and the penalties for violations Recognize common compliance risk areas facing providers.
This session will focus on the practical application of Revenue Recognition.
- Provide an understanding of the impact of ASC 606 on health care providers
- Update attendees on the status of the AICPA health care revenue recognition task force guidance
- Provide an overview of the AICPA Audit and Accounting Guide for Revenue Recognition with a focus on Chapter 2, General Auditing Considerations
This session will provide background information on the current challenges healthcare organizations face as they navigate the transition to value-based care and review a framework for strategic action.
1. Understand the transition from fee-for-service to value-based care.
2. Identify key issues and associated strategic options for organizations as they evolve to meet these challenges.
This session on Revenue Recognition will focus on the operational matters and considerations. It will provide an opportunity to explore revenue recognition issues from Healthcare financial reporting perspective.
1. Gain understanding of implementation consideration for new revenue recognition guidance.
2. Learn about operational matters pertaining to the adoption of ASC 606
The session will provide an overview of psychiatry and substance abuse services.
1. Recognize supply, demand, legislative and reimbursement trends.
2. Identify key stakeholders, partnership opportunities and imperatives.
3. Recognize indicators of operational excellence.