Understanding the Importance of Bundled Payments

Deirdre Baggot argues that the success of bundled payments is much dependent on good leadership skills and profound decision-making skills. Recently, the Centers for Medicare and Medicaid Innovation announced that there would be a national increase of bundled payments. This has come as a threat to the Medicare and Healthcare sector and the commercial payers. Deirdre Baggot says the healthcare organizations should understand the importance of implementing bundled payments. Below four main facts make bundled payments stand out according to Deirdre Baggot.

  1. Provision of all patients’ needs

Most people or organizations are always striving to provide therapeutics and diagnostics for their patients. While most people commit to provide the needed procedures and tests, it becomes challenging balancing all the desires of patients and the family, and the medical practice that is very litigious. Therefore, bundled payments ensure that physicians and hospitals share savings that from efficient medical care.

  1. Change management

Leadership competence in managing change is fundamental in bundled payments. High-performing hospitals tend to be negatively affected when teams resist change, but effective leaders ensure that they adapt to change. Although most changes tend to fail, the successful ones are due to ethical decision making.

  1. Accountability

Bundled payments are a health reform that is evidence-based and to ensure its success, it is essential to have a robust feedback mechanism aimed at alerting the clinicians when they do not meet the optimal performance requirements. This will make the professionals become exceptional clinicians by being accountable for their practice. Additionally, the clinicians will adhere to providing best practice at all times for fear of losing their businesses.

  1. Knowing that volume play is no longer an option

Bundled payments do not offer market exclusivity that is offered by Medicare and Medicaid services. This is because giving a discount to Medicare with no intentions of increasing the volume; more discounts can be created because the physicians can resolve to undertake part B payments. If the cost of care is not lowered by the BP sponsors, this can create a big disaster.

Visit: http://www.acc.org/latest-in-cardiology/articles/2016/06/10/11/12/business-consult

Categories: Doctor, Health

Brian Torchin the Story from the Start

Brian Torchin started his chiropractic journey at the University of Delaware. He graduated with a bachelors in exercise science. After graduating, Brain Torchin went on to New York Chiropractic College, graduating from here with a doctor of chiropractic degree. Post graduation, he opened his own chiropractic office in Philadelphia, PA.

After working as a doctor of chiropractic care, he decided to open a business to help healthcare facilities find staffing. Brian Torchin, the founder of HCRC Staffing (Health Care Recruitment Counselors Staffing), helps endless companies overcome the hardest part of being an employer, filling opne staff positions. Read more on Behance about Brian Torchin

HCRC is not only recruiting in the United States but also overseas. Brian Torchin’s company is matching up employees with employers in Canada, Australia and Europe. Not only does HCRC recruit staffing for medical offices but also for legal offices, filling positions from health care personnel to office managers. They have a reputation of finding employees in 48-72 hours for vacant staffing jobs.

Brian Torcher is a known speaker at conferences and an author on blogs. If you are interested in his company, be sure to check Facebook, Twitter and Linkedin.

Not only has Brian Torcher helped hundreds of patients with their discomfort and ailments as a chiropractor but he has helped keep medical offices and legal offices moving smoothly over the years. The turn around or burn out rate of employees in medical offices is surprisingly high and HCRC helps keep these offices staffed so they can do their jobs to help patients and clients.

Visit: https://vimeo.com/briantorchin

Categories: CEO, President

After More Than A Century The OSI Group is Still Going Strong

There are very few companies that are able to lay claim to the achievement of surviving for more than a century, and when they can also claim the accolade of being the leader in their industry and the foremost innovator in their field that is definitely something special. The OSI Group is able to not only claim those high marks of praise but many more. It’s not bad for a company that started out as a small meat market on Chicago’s west side.

The son of German immigrants Otto Kolschowsky was a man who had learned the butcher’s trade from his father, just as he had learned it from his father before him, and his father before him. At the turn of the century in Chicago, Illinois, the meat industry was king, and being a butcher, especially a good one, meant you were at in high demand. As Otto decided to strike out on his own and start Ott’s Meats in the Oak Park neighborhood, he knew that he would have a lot of competition, but he also knew that there was no one in the greater Chicagoland area that could provide a high-quality cut of meat at a better price. Soon, word of his great business practices and even better butchering spread far and wide, and he had to expand into the wholesale business. He started out by providing great meat to restaurants and hotels in the area, even garnering such success that he had to add his sons to the business to keep up the operation’s demands. It wasn’t long before he was the number one provider of high-quality meats to the top establishments in the state. This got the attention of one particular future customer, one who would change everything.

McDonald’s was a brand that was growing faster than a weed in summer, and they needed to expand their supply chain network. This meant finding top quality suppliers in most of their local regional markets. In the upper Midwest they heard that Otto was the man that they wanted, and soon a partnership was formed that would the food service industry. Within a few years, Otto & Sons had grown to be the sole provider of proteins for the entire McDonalds system in North America. McDonald’s also grew, expanding to many other countries and once again they turned to Otto & Sons, now the OSI group, to help them keep up with the demand that their expanded system had. This led to further innovation and even more global market share for OSI.

Eventually, other food distribution networks wanted to take advantage of the modern techniques, rapid service, quality customer care, great pricing, and exceptional products that the OSI Group had been providing to McDonald’s for years. OSI rapidly expanded their production system to keep up with the new demands and soon found themselves in a formidable position, being the number one provider of proteins to the best food service distributors in the world.

Today the OSI Group employs more than 20,000 people around the world. Their network of production facilities includes 65 properties in 17 countries with more facilities being adds every year and a plan to expand into even more countries in the next few years. The OSI Group has become the number one provider of beef alternative proteins for the Indian market and the number one provider of Kosher & Halal Pork Alternative proteins in the middle east.

One thing is for sure, when Otto Kolschowsky started Otto’s meats more than a century ago, he probably didn’t foresee the path that the business would take, but he would certainly be proud of the legacy that has come from what he started, and would no doubt be looking forward to what the future holds.

Contact  OSI Group: www.creativefoodseurope.eu/osi-group