Welcome!

News Feed Item

Anesthesia Business Consultants Shares Thoughts From the Advanced Institute for Anesthesia Practice Management: Securing Anesthesiology’s Future, and Safeguarding its Present

Anesthesia Business Consultants (ABC), a leading provider in billing and practice management for the anesthesia and pain management specialty, is pleased to announce that the 2014 Advanced Institute for Anesthesia Practice Management (AIAPM) conference was a success and shares thoughts regarding the conference.

Speaking on the timeliness of the topics presented, Tony Mira, President and CEO of ABC, states, “While we are all trying to understand how the landscape is evolving for anesthesiologists, nurse anesthetists and anesthesia groups, keeping our eyes on traditional practice management issues such as compliance remains as important as ever. Similarly, we must maintain a dual focus on the big picture of system and organizational changes, on the one hand, and on the day-to-day requirements of providing and being paid for anesthesia and pain medicine services, on the other. Our field of vision has to be both longitudinal and latitudinal.”

ABC partnered with Tulane University School of Medicine, Department of Anesthesiology and Medical Business Solutions to present the AIAPM. ABC’s own Karin Bierstein, JD, MPH, Vice President for Strategic Planning and Practice Affairs served as Course Director for the conference. Ms. Bierstein says, “One of the frankest talks on system evolution at this past weekend’s AIAPM was that of Howard Greenfield, MD of Enhance Healthcare.” Dr. Greenfield, discussing The Anesthesia Workforce of the Future, drew the connection between telemedicine and new staffing models, stating that “Like the tele-ICUs, someday tele-ORs may have anesthesiologists rotating through tele-control room assignments, with two-way video and audio connectivity to each OR or procedure suite” and that “The tele-anesthesiologist could oversee and advise in the care of multiple rooms in a cost-effective manner. He or she could instantaneously respond to a query, even switch attention from room to room on a minute-by-minute basis.”

It is worth noting that tele-OR surveillance is already here. The AlertWatch system integrates inputs from the physiologic monitor, the lab, the AIMS and the patient’s history and physical and displays the information as icons of the organs being monitored. “Just as the multifunction monitor in modern aircraft uses multiple sources of data to feed algorithms continuously searching for potential problems, AlertWatch does the same with the patient’s medical data being updated every 10 seconds,” according to Kevin K. Tremper, MD, PhD, FRCA, chair of the Department of Anesthesiology at the University of Michigan, who states further that “The algorithms are based on the latest literature and reported standards, e.g., SCIP measures. In the future, systems like this may allow tele-OR as a continuous electronic consult. Preliminary results of the use of this system, developed at the University of Michigan [with support from ABC], were reported at January 2014 meeting of the Society of Technology in Anesthesia.”

Organizational strategies—joining an Accountable Care Organization, merging with another group, selling the practice to a national company or to a private equity firm—were the focus of multiple lectures at the AIAPM. The stronger the group, the more options it is likely to have, including the option of remaining independent. Potential partners are looking for the same things, starting with solid leadership, high quality and value, productive relationships with hospitals and surgeons and sustainable case-mix and payer mix.

William Britton, MBA of Cross Keys Capital, speaking on Anesthesiology Acquisitions: Is Your Practice a Candidate for Acquisition by a National Firm or Private Equity Group, presented an outline for “Making Your Group More Attractive to Potential Buyers” that would apply to any practice seeking to thrive and grow.

As we all know, the importance of compliance cannot be overlooked, or indeed overstated. The Affordable Care Act increased the government’s auditing capability, expanded fraud and abuse laws, increased resources to combat fraud and provided for the mandatory return of overpayments, as noted by Neda Ryan, Esq. of Clark Hill in her talk on Government Audit and Investigations: How to Protect Your Practice When the Government Comes Knocking.” In 2013, the government recovered $4.3 billion and opened 1,013 new criminal and 1,083 new civil healthcare fraud investigations.

The AIAPM offered multiple presentations on coding and billing, on documentation and on other compliance issues including EHR cloning. Kelly Dennis, MBA of Perfect Office Solutions offered a complete checklist for conducting an internal practice audit in her discussion Auditing for Compliance that attendees found particularly helpful.

The more than 300 attendees at the AIAPM received much additional valuable information during the three days of plenary and breakout sessions. Next year’s conference will be held on April 17-19. We hope you will mark your calendars and consider the benefit of participating.

About Anesthesia Business Consultants

ABC, established in 1979, is the nation’s largest billing and practice management company dedicated to the complex and intricate specialty of anesthesia and pain management. ABC is the developer of the premier perioperative anesthesia platform, OneSourceAnesthesia, the mobile systems architecture that supports the entire perioperative process. OneSourceAnesthesia provides patient portals, pre-admission testing tracking, intra-operative documentation, and anesthesia quality measures tracking. Our revolutionary F1RSTUse secures the benefits of Meaningful Use through complete EHR. The heart of our offerings is ABC’s proprietary practice management software, F1RSTAnesthesia™. ABC’s newest tool, F1RSTAnalytics™ offers data prowess, providing the data to aid in operating your anesthesia practice as an effective clinical organization and successful business. Our solutions provide accurate, prompt and complete billing and revenue cycle management. Our exclusive focus improves your cash flow and profitability. Visit ABC at: www.anesthesiallc.com.

About Tulane University Health Sciences Center

Tulane University Health Sciences Center will serve as the ACCME-accredited provider whose current status is Accreditation with Commendation. Tulane University’s Continuing Medical Education (CME) program was established in the early 1970s and as one of the earliest accredited providers, dedicates itself to offering educational activities that provide health care professionals access to a system of lifelong learning.

About Medical Business Solutions, LLC

Medical Business Solutions, LLC (MBS), is a physician-based full time consulting firm specializing in the field of anesthesia billing and management. Areas of expertise include billing, compliance and practice management. Charles Goodman, MD, President of MBS, is a Board Certified Anesthesiologist with over 15 years of clinical experience at Christiana Care Health System in Wilmington, DE. Dr. Goodman served for ten years as Chief Financial Officer of Anesthesia Services, PA, one of the largest anesthesia groups in the country. In 2000, Dr. Goodman left clinical practice and formed Medical Business Solutions, LLC, an independent consulting firm offering services to anesthesia practices nationally. Medical Business Solutions developed the annual Anesthesia Billing and Practice Management Seminar in 2000 and Dr. Goodman has been serving as the course director for the past 14 years.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, shared the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...