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ACHE Central Illinois Chapter February Webinar

February 28 @ 12:00 pm - 1:30 pm

Financial Implications:  The Push From Inpatient to Outpatient Care
February 28, 2019
12:00 – 1:30pm
Register Today

Speakers:
Keith Martin, MD, Chief Medical Officer, Freeport Health Network
Tadd Miller, Director of Revenue Cycle, Katherine Shaw Bethea Hospital
Tracy Bauer, President and Chief Executive Officer, Midwest Medical Center

The prospect and implementation of significant healthcare reform, partly as a result of the Patient Protection and Affordable Care Act, has caused healthcare organizations to reconsider their strategy and policies as they relate to revenue, volume, clinical operations, and human resources. Healthcare organizations—especially hospitals and ambulatory care centers—have witnessed a changing financial landscape as it relates to the healthcare reform policies.

One element of healthcare reform has been the shift from inpatient to outpatient care. Outpatient care encompasses all patients who seek medical care that are not officially admitted to a hospital under the inpatient status. Observation status is considered an outpatient level of care.

This shift from inpatient to outpatient care, which has been partly driven by payers across the financial continuum, aims to reduce healthcare costs associated with expensive inpatient admissions and to provide safe, efficient care in the most cost-effective setting. The degree of financial impact from this shift in care delivery structure will vary from organization to organization, however all organizations will be affected. This panel will explore this potential impact.