In a widely anticipated statement, the Centers for Medicare & Medicaid Services (CMS) announced on November 16, 2016, the publication of a final rule that will require certain hospitals to participate in a bundled payment program for lower extremity joint replacements. The Comprehensive Care for Joint Replacement (CJR) program is designed to incentivize hospitals and contracted collaborators to actively share in reducing cost variation for joint replacements while improving quality and outcomes. These common orthopedic procedures can range in cost from $16,500 to $33,000, as noted by the announcement, and offer a significant opportunity for savings through reduced variation in utilization and more consistent care management. Continue reading
“Two roads diverged in a yellow wood/And sorry I could not travel both.”
No federal legislation will ever be mistaken for poetry. For one thing, poetry uses far fewer acronyms. But like the narrator in the famous Robert Frost poem quoted above, today’s providers find themselves staring at a fork in the road. Continue reading
Last month ECG released the results of its 2015 Physician Compensation Survey. Among the key findings, compensation continues to rise for primary care physicians and specialists, but production is inching upwards as well.
Using information from our survey, Becker’s Hospital Review created a stylish infographic that visually conveys seven trends in physician compensation. Continue reading
The highly publicized Bipartisan Budget Act of 2015, approved by the Senate on the morning of October 30, will do more than just raise the nation’s debt ceiling. It also will exclude newly acquired, off-campus hospital outpatient departments (HOPDs) from receiving reimbursement under Medicare’s outpatient hospital prospective payment system (OPPS). Instead, after January 1, 2017, these new off-campus locations would be reimbursed under the Ambulatory Surgical Center Prospective Payment System (ASC PPS) or the Medicare Physician Fee Schedule (PFS). Continue reading
Healthcare is an industry unlike any other. It’s complex, challenging, and constantly in flux – and it touches everyone. Are you ready and willing to tackle the challenges confronting today’s healthcare providers and executives?
ECG’s consultants are passionate about healthcare. We are committed to service to others. If you share our passion and dedication, as a consulting professional at ECG you’ll have the opportunity to directly affect the delivery of healthcare services at major hospitals and health systems across the country. Our consultants work closely with and advise senior leaders of provider organizations, helping them make the decisions that will allow their organizations thrive in a rapidly evolving industry.
We’re always looking to add talented professionals to our team. Watch this video to hear our consultants share what it means to have a rewarding career at ECG.