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Ms. Welter, Principal, leads ECG Management Consultants, Inc.'s Managed Care Services practice. Ms. Welter has extensive experience in the area of reimbursement and managed care, including strategy development, reimbursement planning and methodology development, contract negotiations, and operations. She has assisted several hospitals and medical groups in the financial planning, negotiation, and execution of their managed care contracts.
Ms. Welter served as a board officer and the managed care committee chairperson for the Healthcare Financial Management Associations (HFMAs) Washington Metropolitan Chapter. Ms. Welter is a current member of HFMAs Virginia Chapter.
Ms. Welter holds a master of science degree with a concentration in healthcare administration from Villanova University and a bachelor of arts degree in preprofessional studies from the University of Notre Dame.
Ms. Welter and Mr. DCruz are known for their expertise in addressing the topics of managed care and reimbursement. They have jointly published multiple articles in Healthcare Financial Management. They are also frequent speakers at HFMAs ANI, the World Research Group, and other national conferences. Recent topics have addressed trends in hospital reimbursement and managed care and innovative payment models including ACOs, P4P, bundled payments, and patient-centered medical homes.
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Description
Presentation Overview:
Reimbursement models continue to evolve towards being more episode-based and to contain payment components tied to quality. While current payment terms may still use traditional per diem, DRG, or percent of charge methodologies, evolving methodologies are increasingly encouraging clinical integration and enhanced coordination between hospitals, physicians, and other providers. Value-driven healthcare has gained considerable exposure as the industry's stakeholders contemplate how to achieve more transparent price, quality and service value.
This presentation provides a comprehensive review of current hospital reimbursement structures and evolving models that drive improved efficiencies, outcomes, and transparency. The session will provide attendees with the tools necessary to appropriately prepare for value-driven healthcare as it relates to a hospital's commercial contracts, Medicare and Medicaid. Attendees will be able to determine the financial, operational, and strategic implications of payor initiatives and weigh these against each other to arrive at an informed organizational response.
As a result of the presentation, attendees will be able to: 1. Understand key contracting priorities, initiatives, and terms that are being negotiated nationally and regionally; 2. Examine the models of value-driven healthcare that are being developed and implemented by national and regional health plans; 3. Understand the key drivers of financial and operational performance and efficiencies under these models; 4. Understand evolving reimbursement structures that encourage coordination between hospitals, affiliated physicians, and health plans; 5. Study key issues specific to past, current, and evolving reimbursement models including full and partial risk, P4P, episode based payments and care packaging, patient-centered medical home, and traditional Medicare-based and other payment systems adopted by health plans; 6. Explore how provider organizations are preparing for and responding to health care improvement, including interoperable health information technology, measuring and publishing quality information, measuring and publishing price information, and promoting quality and efficiency of care; 7. identify the challenges related to value-driven healthcare and evolving reimbursement models; 8. apply evaluation criteria to determine whether certain value-driven healthcare initiatives are appropriate for your organization.
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Adapt to evolving reimbursement structures and initiatives that encourage coordination between hospitals, affiliated physicians, and health plans
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Compare the models of value-driven healthcare that are being developed and implemented by national and regional health plans, including full and partial risk, pay for performance, episode-based payments and care packaging, patient-centered medical home, and traditional Medicare-based and other payment systems.
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Identify key contracting priorities, initiatives, and terms that are being negotiated nationally and regionally and explore how provider organizations are preparing for and responding to healthcare improvement and reform pressures