About Michael Duffy

Michael has experience in medical group operations, performance benchmarking, and assessments of financial arrangements between hospitals/health systems and physician groups. At ECG, he has assisted medical groups in improving operational efficiency, reviewed and restructured payor contracts, developed bundled payment programs, conducted service line assessments and strategic planning, worked on physician compensation projects, and conducted third-party fair market valuations. Prior to joining ECG, Michael worked in the health services practice at BearingPoint, where he assisted providers and payors in strategic IT system selection, implementation, and operations improvement projects for billing, disease management, benefits administration, and finance functions. He has a master of business administration degree from the University of Notre Dame Mendoza College of Business and a bachelor degree in business administration with an emphasis in finance from Loyola Marymount University.

Think Small: Mining Little Data

Big data is the latest buzzword to get tossed around healthcare. And for good reason: the possibilities that come from harnessing its power to improve organizational performance have seduced many of the nation’s healthcare executives.

Yet, while health systems are pouring time, money, and massive effort into crunching big data into useful insights, they are neglecting the more readily accessible and actionable little data filtering through their practices.

This is a mistake. Continue reading

Reimbursement’s Downward Trend for Orthopedic Services

Over the past decade, orthopedic and musculoskeletal (MSK) services have been immune to many of the negative reimbursement trends experienced by other specialties.  This protection can be attributed in large part to the significant number of elective procedures, healthy revenue from ancillary services, and relatively strong year-to-year increases in reimbursement.  As a result, many orthopedic practices have been able to maintain sufficient operating margins while remaining independent.

Now, however, that immunity is beginning to wear off.  Continue reading