Outcomes Management Flashcards
Outcome =
Results, final product, end result, goal
Outcome management
managing for results
Process of continually measuring practice and program to make sure desired results are being achieved
Like taking a selfie - gives you perspective
Outcome management assists in
Driving business decisions
Developing budgets and allocating resources
Assessing practice patterns
Inc understanding of practice variables
Determining if clinic is effective and efficient
Why outcomes management is needed
Provide needed evidence on impacts
Create learning organizations
Pt and 3rd party payer demanding quality of care
Identify issues
Assist in providing right care for every pt
Questions outcomes management can ansuwer
Is there a need for change
Should clinic start a new service, stop one, hire new
Improving performance should be congruent with established practice patterns
Adv to outcomes management
Inc knowledge of processes
Improved care
Improved functional outcomes
Identifies training opportunities
Disadv to outcomes management
Infrigement on tx time
Pressure to inc productivity
Difficulty ensuring reliability during data colelction
3 key areas of outcome management
Financial outcomes
Satisfaction outcomes
Clinical performance
Financial outcomes - goal
Provide services customers want
Cost effective
Revenue meets expenses and provides profit
Financial outcomes - useful data - key financial indicators
Gross profits
Net profits
Accounts receivable (money that a clinic is owed
Financial outcomes - standardization
Work relative value (WRV) to standardize comparison between clinicians/clients
Weight of procedures which accounts for variations in skill, effort, payment rates
Financial outcomes - standardization - Work relative value - Timed CPT code
weight of 1
Financial outcomes - standardization - Work relative value - Initial eval
Weight of 3
Financial outcomes - standardization - Work relative value - modalities
weight of 0.5
Financial outcomes - standardization - Work relative value - hot/cold packs
weight of 0.25