Navigation Links
RealTime Medicare Data Helps Propel Reluctant Change in Healthcare:

BIRMINGHAM, Ala., Nov. 12, 2013 /PRNewswire/ -- Healthcare providers have a tough pill to swallow. They are being evaluated and compensated in an entirely new way. It's no longer about how many patients a provider can see in the course of one business day. It's no longer a compensation model based on how many tests or procedures are performed.

Driven by the Centers for Medicare & Medicaid Services (CMS), that change is to tie provider compensation directly to patient outcomes. Medicare is the largest payer of healthcare services in the United States. And where they go, so go other payers.

For their part, hospital administrators are standing at attention. In recent months, they have seen their Medicare reimbursements cannibalized. Astute administrators see the writing on the wall. They understand that volume is no longer driving the conversation about healthcare. Instead, it's all about value.

Gina McWilliams, founder and CEO of RealTime Medicare Data (RTMD), is helping providers achieve this. Before they can do so, McWilliams says they must learn to think like the patients they serve.

"CMS expects providers to deliver the right care, at the right time, at the right cost," said McWilliams. "Patients are becoming more empowered about their own healthcare. They are asking more questions. Patients, and payers, are demanding more value for their dollar. This is the new normal, and it's not going away. Hospitals that cling to the old way of doing business will be left behind."

To help providers adapt to these changes, McWilliams is providing an asset unmatched in the marketplace – actual Medicare claims that are as recent as 90 days post service. This information allows each hospital to view a current report card of its performance. Where are the Medicare patients in a hospital's service area seeking care, and how does its market share compare over time with its competitors? What are the most promising service line opportunities for a hospital's growth? Are a hospital's average lengths of stay for a given procedure on par with that of other hospitals nearby? And if not, why not? These are just a few of the many questions RTMD is helping its clients answer.

"Hospitals cannot manage what they do not measure," said McWilliams. "Many people like to talk about healthcare analytics, but what does that even mean? RTMD wants to help providers keep people well to survive financially. When providers deliver optimal patient outcomes, the profitability should take care of itself."

About RTMD
Incorporated in 2002, RealTime Medicare Data (formerly RealTime Medical Data) has changed the way that health systems and provider organizations approach their strategic planning, physician relations, business development, operations, public relations, marketing, and staff recruitment. Its patent-pending process affords timely insights and competitive analysis based on a healthcare organization's entire Medicare beneficiary service area. To date, RTMD services more than 70 hospitals across 17 states and the District of Columbia.

SOURCE RealTime Medicare Data
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. 2014 Medicare Drug Plans Vary Widely in Availability of Drugs and Restrictions on Their Use
2. PCMA Supports Bipartisan Legislation Creating Safe Pharmacy Networks to Reduce Prescription Drug Abuse in Medicare
3. Blue Cross Blue Shield of Arizona Advantage Adds Scottsdale Healthcare to Medicare Advantage Network
4. Medicare Procurement Program Creates Extreme Hardships For North Carolina Patients, Says AAHomecare
5. Medicare Procurement Program Creates Extreme Hardships for Patients without Options, Says AAHomecare
6. PCMA: Eight Ways to Reduce Federal Health Spending and Improve Prescription Drug Benefits in Medicare and Medicaid
7. New Research Finds Many Seniors Wrongly Think Public Health Insurance Exchanges Are Replacing Medicare Plans
8. Breakthrough AffloVest now reimbursed by Medicare and private health insurance
9. Express Scripts Acquires SmartD Medicare Prescription Drug Plan; Adds to Industry-Leading Medicare Offering
10. NxStage Urges CMS to Fix Training Reimbursement to Provide Medicare Patients Greater Access to Life-Changing Home Hemodialysis Therapies
11. Piramal Imaging Provides Comments in Response to the Centers for Medicare and Medicaid Services (CMS) Proposed Coverage Decision for Beta-Amyloid Positron Emission Tomography (PET)
Post Your Comments:
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
(Date:6/23/2016)... , June 23, 2016  MedSource announced ... as its e-clinical software solution of choice.  This ... best possible value to their clients by offering ... The preferred relationship establishes nowEDC as the EDC ... for MedSource,s full-service clients.  "nowEDC has long been ...
(Date:6/23/2016)... -- Research and Markets has announced the ... (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic Chemical), Functionality (Filler, ... Global Forecast to 2021" report to their offering. ... pharmaceutical excipients market is projected to reach USD 8.1 ... the forecast period 2016 to 2021. ...
Breaking Medicine Technology:
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... Conventional wisdom ... of success. In terms of the latter, setting the bar too high can result ... more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
(Date:6/24/2016)... San Diego, CA (PRWEB) , ... June 24, 2016 , ... ... up with the American Cancer Society and the Road To Recovery® program to drive ... care to seniors and other adults to ensure the highest quality of life and ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty ... Barry M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... and the most handsome men, look naturally attractive. Plastic surgery should be invisible.” ...
(Date:6/24/2016)... Washington, D.C. (PRWEB) , ... June 24, 2016 , ... ... Pro-Am Heroes Golf Classic Tournament held on June 20th at the Woodmont Country ... local charity, Luke’s Wings, an organization dedicated to helping service members that have been ...
Breaking Medicine News(10 mins):